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Sub: #1 Is it necessary for debt settlement companies to have attorneys?
Replied on 07-19-2007, 12:54 PM
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Is it necessary to have debt settlement companies that have attorneys/

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Sub: #2
Replied on 07-19-2007, 01:26 PM
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debt settlement companies have their attorneys to provide legal assistance to the consumers. In rare cases, if any creditor is willing to take you to the court, the attorneys will defend your case and try to stop any legal actions against you. I will not worry if an attorney is handling my debts.




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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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