What is Debt Settlement? Is it a Good Way to Avoid Bankruptcy?
People with multiple credit card debts have many options to try to deal with their debts. People naturally want to avoid bankruptcy. So many times, when clients come in to see me, they have already tried debt settlement. This article does a good job of summarizing the risks of Debt settlement. It can be loaded with traps The strategy is to stop paying on the cards, causing the collectors to settle for pennies on the dollar. But, in the meantime, your credit takes a huge hit, because you are delinquent for many months. You end up paying a debt settlement company the whole time, so you save up enough money to make lump-sum settlement offers to the collectors. But, in the meantime, the settlement companies rack up large fees. And, it is not…
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www.steinberglawfirm.com - 855-270-5760 - For more than 85 years, the Steinberg Law Firm has provided legal guidance to working men and women who are ...
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Kyle Scott Law's verdict in Bryan v. Orange County Transportation Authority Ranked Among the Top...
Per a recent listing of personal injury verdicts in the State of California, one of our trial verdicts ranked within the top 100 verdicts in […] Read more…
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