Eliminate Half Your Debt by Hiring a Debt Settlement Attorney

So you have been hit hard by the economy like the majority of hard working americans and now could use the services of a debt settlement attorney. You have had to let credit cards and medical bills fall by the wayside to make ends meet. Your phone rings during all hours of the day and night by collection agencies demanding money and threatening your credit score, or worse litigation. You see no light at the end of the tunnel. But do not fret because there is a light. You can eliminate half your debt by hiring a debt settlement lawyer to negotiate your settlement for you.

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What is a debt settlement debt settlement law firm or lawyer? It is an attorney or law firm who specializes in working with creditors to make your overall debt less. They are well versed with the fair debt collection practices act, which helps stop the sometimes abusive and forceful tactics of debt collectors. It is someone who is well educated in consumer law making it easier for you to settle the financial burden you may find yourself in. Debt lawyers are trained professionals who can help you navigate the often complex credit system and help to lead you to a fresh start free of overwhelming bills and financial stress.

Your attorney will be able to go through all of your outstanding unsecured debt and help you down a path to getting your financial life back. Once someone takes the first step in contacting a debt settlement lawyer, it almost guaranteed that those phone calls will stop in very short order. They will contact each and every one of your creditors, aggressively negotiating settlements on your behalf to lower the amount owed on your past due accounts. Often times, late fees and penalties will be removed. Even the interest can be significantly lowered with the help of someone trained to get debt collection agencies to cooperate.

After the negotiations have taken place, you will find that half or more of your debt has vanished. The attorney will then work with you and your personal budget to make one low monthly payment that will be dispersed to all of your creditors. They will oversee your financial and legal obligations making it possible for you to enjoy being debt free in half the time it would take you should you do the negotiations yourself.

Lawyers trained in this area of the law specialize in handling the tactics that debt collectors may use. They can also help debt collection firms to see that you are attempting to make good on your outstanding debt repayment. You will never feel more secure about working towards paying off your debt than you will with the guidance of a professional trained to get the job done quickly, efficiently and with your best interests in mind.

Here is a little known fact: debt settlement attorneys can also help to handle the negative listings on your credit report. After your balances are paid in full at the reduced amount they negotiate for you, the attorney can help to make sure that the negative listing is removed from your credit report altogether. They also can look at your credit report to help settle other outstanding negative listings that perhaps you were unaware of. These things are nearly impossible to do on your own or through a company who "guarantees debt relief."

Contacting a debt settlement attorney is one of the smartest moves you can make if you have significant outstanding unsecured debt. You may be able to avoid filing for bankruptcy that will take seven years or more to remove from your credit report.

Bankruptcy laws have changed over the last few years and you will find that you still need to pay back your old debts even if you do choose to go this route. Start the process of letting the debt settlement attorney negotiate your debt by eliminating 40-60% of it. Put yourself back to a place where you can begin to rebuild your credit, even during such hard financial times. Let yourself be debt free again. It is possible and there is a light at the end of the tunnel.

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