Are settlement companies law firms? Can I take help of them?
A law firm is always better than a normal settlement company. A law firm knows the ins and outs of laws much better. However, whatever you choose, you need to check out that you're taking help of a reliable law firm or a settlement company. You can check out BBB ratings and customer reviews. It is better to choose a company that is into business for at least 3 years and has a satisfied clientele.
You can get help from a law firm offering settlement services. There is no issue. Just check their online reviews and their success rate once. Check if they registered with the State Bar Association. That is important. But if you ask me, I would suggest you to settle debts yourself. Why should you pay settlement fees if you can negotiate with creditors on your own?
Yes, I agree with Mabelle Page. Check out the reviews of that particular settlement company in Better Business Bureau (BBB) and other customers' reviews. Or, you can ask your friends or family members if they know about that company. So, make a detailed research before you approach a settlement company. Otherwise, you might be trapped with more debts.