FAQs

What do I do if I have been served with a summons for a debt? This is a question that I hear from time to time. The short answer is that it is time to take action. If you would prefer to have an [...]

What do I do if I have been served with a summons by a law firm for a creditor? This is a question that I hear from time to time. The short answer is that it is time to take action. If you would [...]

Although it isn’t strictly necessary to use an attorney to go the debt settlement route, there are many reasons why it can be to your advantage to do so, especially if you have multiple [...]

Yes, it is certainly legal to negotiate with your creditors to settle a debt, and any agreement we make with your creditors is binding.

Do you owe $30,000 or more in unsecured debt and have suffered some significant financial hardship? Do you have any savings or other liquid assets that you can use for a lump-sum payment of about [...]

Debt settlement, also referred to as debt negotiation, is the art of negotiating with your creditors so they will accept less than the full amount of the debt owed to them, generally 50–65 cents [...]

Debt settlement is going to negatively affect your credit. That being said, whether it’s really going to get worse – and by how much – will depend on what your credit rating looks like today. [...]

In a debt settlement program, creditors are not paid until a settlement is reached, and there are some risks associated with that. The primary risk is that being in a debt settlement program does [...]

A debt settlement program will not prevent you from getting credit in the future. Certainly it will damage your credit in the short run, but in approximately 18 months after you are you are out [...]

In my experience, once an individual completes a debt settlement program and is debt-free, it generally takes about 18 months or so for the person’s credit to bounce back to the level it was at [...]