Law Firm vs. Settlement Company

We refer you to a Law Firm that specializes in and facilitates the debt settlement and negotiation process. You become a "client", not a customer.

Advantages unique to the industry of Debt Settlement / Negotiation

Assurance: You want the confidence that the organization collecting and administering your funds transfers will be there through the successful completion of the program. In many states, settlement companies have been legislated out of existence. The practice of law is not regulated in the same manner. They practice strict state compliance and customer service guidelines. You become a client of an established law firm.

Representation: Under the debt settlement / negotiation program, you are defended in a court of law should a creditor sue. The firm could also initiate a law suite on you behalf, if appropriate. They will determine whether the client’s periodic statements comply with certain consumer protection laws, including but not limited to the Fair Credit Billing Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Rules of Professional Conduct of the various states.

Credibility: Their setup provides an air of credibility in negotiations with certain creditors. Several creditors have established in-house policies and procedures that dictate zero settlement with settlement companies. However, this policy does not apply to law firms and we are able to save you significant amounts of money.

Peace of Mind: Creditor calls - Shortly after your enrollment, Power of Attorney letters and Cease and Desist orders will be forwarded to the enrolled creditors. They will be informed that you are a client and that all correspondence is to go through the firm. Settlement "companies" will claim to “mitigate” the calls but don’t carry the same clout.

Hardship Letters: They also have the ability to provide attorney hardship letters for you as part of the program. These letters are extremely useful in reducing the settlement percentages with creditors. In fact, several creditors and collection agencies require an attorney letter to settle below their guidelines.

In Summary

It is best to seek the representation, knowledge and services of a law firm over a settlement company. Settlement companies can't provide this level of service and protection. Although some may state that they are “attorney based” or have attorneys on retainer, they will not, as part of their service, offer legal advice or represent you in a court of law. Ask them and read the fine print. If you happen to be sued, you would be on your own and would have additional expenses. Law suits and legal representation are outside the parameters of their contract or agreement.

They can't stop the first party creditor calls. Creditors by law are allowed to call under federal guidelines. When you are legally represented, all correspondence must go through the firm. With a little effort on your part, we will stop all the harassing calls. As a client of the firm, you are represented and will have less stress and anxiety. Although the odds of being sued are minimal, why not have this protection as compared to the same program offered through a settlement company?