Reach out to creditors
Our firm can contact your creditors and propose payment plans that are manageable for you. We have a track record of reducing balances and settling debts, leading to account closure and debt elimination.
Manage account logistics
Our attorneys can set up a trust account for you to deposit funds. These funds will be used to pay creditors as we reach settlements.
Negotiate with creditors
We begin negotiations with your creditors at the lowest possible amount. Your deposited funds will be ready for settlements as we negotiate. We won't agree to a settlement beyond what's in the trust account. You can add more funds to the account to improve settlement chances. When creditors know funds are available for immediate settlement, they are more likely to accept our offers. Once your debts are cleared, you can focus on rebuilding your credit.
Inform you about risks
We prioritize honest communication and transparency, informing you of the risks associated with debt settlement. For example, your credit may be impacted as charged-off debts stay on credit reports for seven years. Additionally, forgiven debt is considered taxable income by the IRS, which may result in tax liabilities. We help you understand these risks from various perspectives so you know what's at stake.
