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Posted: Mon Jun 09, 2008 8:17 am Subject: debt settlement law firm??

Ok so long story short I was calling around this morning to ask some questions and I found a local law firm that does debt settlement. The program doesn't sound so bad and they didn't make any "claim" that life would be rosy, but it sounded doable...They said they could have me out in about 2 years...

Can someone who has done debt settlement with a company chime in a let me know, does this work? And what problems to be on the look out for?

Posted: Mon Jun 09, 2008 8:19 am Subject:

Yes debt settlement does work. Just be sure the company or Law firm has a good reputation. Generally its always a good idea to look them up with the BBB.

Posted: Mon Jun 09, 2008 8:22 am Subject:

ok, the guy I talked to gave me their web address and offered me to check out the BBB and their bonding info. Mobile, have you done DS?

Posted: Mon Jun 09, 2008 8:40 am Subject:

I have a unique perspective having worked for years on both sides of the fence. I worked in the Credit Card , debt settlement and credit counseling industry.

May I ask the name of the Law Firm you are considering ?

bhr · Posted: Tue Jun 10, 2008 2:10 pm Subject:

I am an account manager for BHR & Associates. I actually used their services before I started working for them. If you are interested, you can email me your name, number and appointment time and I will call and discuss your options with you.

Promotional content deleted - Jason

Posted: Tue Jun 10, 2008 2:14 pm Subject:

bhr , this site does not allow solicitations. A moderator will be deleting this soon enough

Posted: Tue Jun 10, 2008 4:28 pm Subject:

BHR is also using the Quick Message function to contact debtors directly. I know because she sent a message to me offereing her services.

Posted: Tue Jun 10, 2008 7:58 pm Subject:

ok couple more questions about settlements. So as I understand it the "settlement" process, by using a firm...You send them money monthly they basically save it up until they have enough to make a settlement offer with creditors.

Ok so do the creditor just stop calling me? I was told that due to some of my creditors being know as agressive, they would not contact them until they were ready to offer so it would lessen my chances of being sued.

So until that time comes, what do I tell the collectors, do I respond at all, do I ignore them, something doesn't sound right to me....Please help me understand. I'm really sold on the idea (I think), but you know me the worry wart, just wanting to understand all possible issues. Thanks Reny

ps: I'll try very hard to make this my last question for awhile:)

Posted: Tue Jun 10, 2008 8:26 pm Subject:

Ok so do the creditor just stop calling me? No , they will call you still . Some Settlement companies contact the creditors when you start the program and some don`t contact them until you have money saved to make a settlement offer.
I would suggest avoiding there calls for the most part. If you do happened to speak with them all you need to tell them is you want to pay them but are having financial difficulties and will call them when you have the money.

Posted: Tue Jun 10, 2008 8:31 pm Subject:

GREAT!! I got now....it only took how long?? lol...thanks friend! Good Night!

Posted: Thu Jun 12, 2008 9:30 am Subject: Debt Settlement Law Firm... local?

If you are considering a debt settlement law firm, is the law firm located in your state or does it have lawyers licensed to practice law in your state? I would imaging the key benefit of having a law firm negotiate your debt settlements is the potential for them to handle any legal issues. If the law firm is not a local law firm or does not have attorneys licensed to practice law in your state, then this may be a problem. I also imaging that debt settlement law firm fees are higher than non-law-firm debt settlement companies. So, what's the added benefit (if this is true), besides having the psychological effect of having someone from a law firm negotiating for you (it'll most likely be a paralegal, not a lawyer, who does the negotiating, btw).

Any other thoughts on this?

Posted: Thu Jun 12, 2008 12:12 pm Subject:

Actually I have found that law firms usually don`t charge any more fees than companys that are now law firms. Usually most settlement companys or law firms usually charge around 15 % fees to settle debt.