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Will an attorney negotiate a settlement before going to court?

Date: Mon, 01/10/2011 - 12:13

Submitted by anita77
on Mon, 01/10/2011 - 12:13

Posts: 79 Credits: [Donate]

Total Replies: 6


I am expecting a summons for non-payment of a an installment loan. I've asked for validation of the loan and not received it. Once validation is made, can I negotiate a settlement with the attorney or are they going to want to go to court for the full amount?:confused:


Hi!
Welcome to the forums!
Yes, you can negotiate a settlement with the attorney after the validation is made. It will be much better to settle your debts out of court. Thereby you can save the legal fees. However, if the company is not able to validate the debt, then send a cease and desist letter to them. If you can't negotiate a settlement on your own, then contact a professional debt settlement company. The representatives at the settlement company will deal with the company on your behalf and negotiate for a lower settlement amount. You can glance through the list of verified debt relief companies from our Ranking Chart section. Another thing I would like to mention is that, the company can still go to court. So, it will be better to work with a settlement company that can give you some legal assistance.


lrhall41

Submitted by Good Nelly on Mon, 01/10/2011 - 20:20

( Posts: 2846 | Credits: )


Quote:

Once validation is made, can I negotiate a settlement with the attorney or are they going to want to go to court for the full amount?

They can go to court, but I don't see a reason for them to do so unless the settlement offer is not acceptable. A settlement company is certainly a good option, but make sure you explain your current financial condition to them. This will enable them to offer the right payment option to you. Remember, once your creditor accepts a settlement offer, thereafter you'd be expected to pay them consistently. In order to do so, you and your counselor must be fully aware of your financial situation. Yes, you may choose a debt relief company out of a list in our Ranking Chart section.


lrhall41

Submitted by Jeorge Preston on Tue, 01/11/2011 - 02:01

( Posts: 180 | Credits: )


If you get sued, you have the option of exploring the court rules in your state. You may forward your requests to know the origins of your debt. But at the same time, you must remember that you have to be there at the court (on the specified date and time) in order to avoid a default judgment in the other party's favor.


lrhall41

Submitted by Jeorge Preston on Wed, 01/12/2011 - 00:41

( Posts: 180 | Credits: )