Are you in need of debt settlement services?

Debt settlement is an effective method of debt relief that involves offering your creditor a lump sum payment for your debt that is somewhat less than the original amount owed. In the creditor’s eyes, this payment satisfies, or “settles” the debt, and rids you of your financial liability. Often, a debtor can obtain favorable settlement terms, as many creditors are willing to accept only 40% to 50% of the original debt amount. In some cases, they may even accept only 20% or 30% of the entire amount.

An individual can attempt to negotiate a settlement with their creditor, but there are cases in which the creditor will offer a settlement first, if it is evident that the person will not be able to pay their full debt amount for the foreseeable future.

These offers are usually finite in nature, and once they have passed, creditors may engage in further collection actions or even legal action. If you are intent on settling a debt with your creditor, or if you have been given a settlement offer, it is highly advised that you contact the professionals at Engel Law Group.

Our lawyers have assisted clients who are seeking debt settlement as a means of paying their bills and getting their credit back in the positive ranking. We’ll meet with you and review your financial situation. Your questions will be answered quickly, and in easy to understand terms – you won’t have to sort through legal jargon.

Debt settlement, debt negotiation, and debt litigation are alternatives to filing for bankruptcy, but it’s best to have an attorney assist you. Not only will our attorneys help you sort out the forms and legal proceedings, they’ll act as your representative and make sure you’re receiving the best possible deal.
If you are struggling financially and are considering debt settlement, contact Engel Law Group,  we can provide you with experienced help.