Should I Hire an Attorney for Debt Settlement?
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What is Debt Settlement?
Debt settlement is a process in which an individual negotiates with creditors to settle their debt for a reduced percentage of what their original debt consisted of. When a client doesn’t settle their debts, it is likely that creditors will file collection lawsuits to attempt to get judgments against their consumers. So, to avoid any further legal actions against you, it is very important to settle debt quickly. Once the debt has been settled, the debt amount is usually paid in one large sum, however it is possible to pay monthly depending on the terms of the negotiation.
Debt settlement can provide excellent savings to individuals, as most people settle for a percentage of around 50% of the outstanding balance. This is a good offer for people who cannot afford to pay back their original balance.
Another reason debt settlement might be worth looking into is that it prevents collection lawsuits from being filed against you. Lawsuits result when a client has not paid or settled their debt after a certain amount of time, and they can increase your debt by having to pay for court fees, appearance fees, etc. Choosing debt settlement can help you avoid these extra fees by coming to an agreement with your creditors without having to enter a courtroom.
Does this seem overwhelming? Well have no fear, you might not have to go through this process alone.
Do You Have to Have an Attorney for Debt Settlement?
While it is possible to settle your debt without any legal counsel, most people retain a consumer debt law firm to help with the settling process, for instance Weston Legal.
Consumer debt law firms are popular for debt settlement because attorneys have years of experience negotiating with creditors and settling debts for a reduced percentage. Furthermore, these firms have lots of experience in defending their clients from any lawsuits filed against them.
Therefore, an individual can settle their debt alone, but a consumer debt firm can provide more security with their years of experience leading the way.
Benefits of hiring an Attorney for Debt Settlement.
There are numerous benefits to hiring an attorney for debt settlement. Some of the most appealing reasons include:
- An attorney will directly negotiate with creditors to get their client’s debt settled.
- An attorney will submit necessary documents to the courts on your behalf.
- An attorney has years of experience to apply to your case.
An attorney will directly negotiate with creditors to get their client’s debt settled.
As mentioned previously, upon hiring a consumer debt firm your attorney will begin negotiating with your creditor on your behalf. This protects you from any creditor harassment you may otherwise receive.
An attorney will submit necessary documents to the courts on your behalf.
The court system is very strict regarding documents being filed on time. It can be hard for an individual to know which documents to file if they’ve never been through the debt settlement process before. If a consumer fails to respond to court filings against them, they are at risk of having a summary judgement filed against them. Interestingly, most consumers are unaware that a defaulted credit card can turn into a credit card judgement against them.
Once a summary judgement has been filed against you by the court, you could lose a lot more than originally assumed. Some of the filings that could be used against you include a Writ of Garnishment and a Writ of Execution.
Weston Legal can help you avoid these losses by keeping up with the documents being filed by your creditor and responding in a timely manner on your behalf. This will impede the ability of the creditor to freeze or take your unexempt assets.
An attorney has years of experience to apply to your case.
Many attorneys have years of experience in the field that they are working in. At Weston Legal, the attorneys not only have years of experience, but also plenty of cases which ended in a Take Nothing Judgement. This judgement releases the client from all their debt and Weston Legal has had years of success getting their clients such favorable outcomes.
Weston Legal can also offer benefits not found in other consumer debt firms. A couple of these benefits include:
- A flat-fee to settle debt.
- Flexible flat-fee payment plans adjusted reasonably based on your income.
- A goal-oriented staff that will not only provide support, but also information. You will not go through this process blindly with Weston Legal at your side.
A flat fee to settle debt.
Weston Legal offers a flat fee for all their services, including debt settlement. This is not something you can find at any consumer debt law firm, our steadfast prices allow consumers the comfort of knowing what they owe will not change, and the rate is lower than other competitors. Furthermore, Weston Legal allows this flat fee to be paid in a variety of different ways, which will be mentioned shortly.
Flexible flat-fee payment plans adjusted reasonably based on your income.
Weston Legal is known for their flexibility towards their client’s payment plan. Before settling with Weston Legal, most individuals get a quote for their debt settlement fee. This fee can be paid all at once, or over several months. Those who choose to use a payment plan work with Weston Legal to determine their monthly payment amount, as well as the time of month they are best able to pay. This means that you don’t have to worry about paying at a strict time that might interfere with your other bills; instead, you can pay at a different time of the month to offset the payments you make each month.
A goal-oriented staff that will not only provide support, but also information.
Many times, it is the case that you will pay for a service, and it will be completed without you gaining any knowledge of what service they are providing. At Weston Legal our staff work diligently to provide you with all the information you need to understand the debt settlement process. Furthermore, Weston Legal works to answer any case specific questions you may have. Lastly, Weston Legal also provides information on how to proceed moving forward after the debt settlement process is complete. This means that Weston Legal provides you with information not only to help you in the present, but also aid you for years afterwards.
While it is ultimately up to you, the consumer, a debt settlement attorney could be a strong ally to have in your court while undergoing the debt settlement process. While not required, their years of experience and previous case results can provide comfort and guidance during your journey to becoming debt free.
Should you hire an attorney for debt settlement? What do you think?
If you are unsure about whether debt settlement is right for you – or whether you would be a good candidate – click here for a free consultation.
Feel free to visit our results page to see Weston Legal’s numerous dismissed case results, the common creditors that we fight, and more.
You can also visit our testimonials page to see what our previous customers had to say.