Stop Creditors From Harassing You — Without Filing Bankruptcy
Receiving phone calls and letters from creditors and collectors can be humiliating and frustrating. As you may know by now, some collection agents have turned harassment into a science, pestering people at all hours of the day, relentlessly calling them and their family members for months, and ignoring their pleas and explanations. Collection methods have become aggressive and can be abusive, but there are ways to legally stop the collectors and get a handle on your debt. Debt settlement is one of these ways.
South Carolina lawyer Ray Lord is experienced at negotiating favorable debt settlements on credit card bills, loans, medical bills, lines of credit and other types of debt — and helping his clients to greatly improve their financial lives. Contact us to discuss whether settlement may be a good option for you, or whether Chapter 7 or Chapter 13 bankruptcy or another solution could be more effective in your case.
What Is Debt Settlement?
Debt settlement means that you owe a creditor a certain amount of money, but the creditor agrees to accept less than what you owe to satisfy the debt — sometimes much less. Some of our clients have found that debt settlement is a powerful, affordable way to deal with debt payments that they simply cannot afford, while avoiding bankruptcy filings that they either don't qualify for, or wish to avoid.
Our firm can talk to your creditors, reaching settlement arrangements that could help you:
- Pay back as little as 15 to 75 percent of what is owed
- Pay less than what you would pay on the same debts with Chapter 13
- Avoid bankruptcy on your credit
- Get out of debt faster than with Chapter 13, with typical time frames of 12 to 24 months, instead of three to five years
Negotiated Settlements: Good for You and Good for Your Creditors
At Lord Law Firm, LLC, we help people settle debts with all kinds of creditors, negotiating deals that are good for both sides. Many of our clients are surprised to learn that banks, credit card companies and other lenders are often willing to take a fraction of what they are owed on a debt. Creditors are willing to do this rather than risk very little or close to nothing from a consumer who declares bankruptcy or has no income or assets they can take.
Contact a Creditor Workout Attorney Serving Lexington and the Columbia Area
In stark contrast to debt settlement companies that may ask you to make payments to them with the promise of settling your debts for you in the future, we do not collect any debt payments. Rather, we negotiate directly with your creditors to reach the best possible arrangements on your behalf. Call us at 803-407-4140 to talk to a Columbia debt settlement attorney.
