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by Debt Lawyers on Jun 8, 2009
A Debt Settlement Lawyer company negotiates on the borrowers’ behalf with creditors to reduce the overall debts in exchange for an agreement upon regular payments to be made. Only credit card debts can be handled, not student loans, auto financing or mortgages. For the debtor, this makes obvious sense – they avoid the stigma and intrusive court-mandated controls of bankruptcy while still lowering, sometimes by more than 50%, their debt balances. Whereas, for the creditor, they regain trust that the borrower intends to pay back what he can of the loans and not file bankruptcy (in which case, the creditor risks losing all monies owed).
How Does Our Program Work?
Most consumers who are not able to pay their bills for an extended period of time will consider or think filing bankruptcy is their only option. If an individual files bankruptcy they ruin their credit worthiness and the creditor may lose all the money due to them. This is a Lose, Lose...Read More >>
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debt settlement company in united states
Since 2004, ACI has been helping consumers become debt free using debt settlement programs tailored to fit their personal needs and their ability to repay.
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Recommended Reading
How to Find an FTC-Compliant Debt Settlement Company
by hermanforex
Frequently, debt settlement companies make fraudulent claims to potential clients. They might say: "You will only pay 25% of your debts," or "This will not affect your credit score," or "Calls and letters from creditors will automatically stop once you join our program." These are all false statements, and they will not be made by a company that is compliant with the Federal Trade Commission, an independent agency of the United States government. This article discusses what an FTC-compliant debt settlement company should explain to potential clients.
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