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1. www.nolo.com › legal-encyclopedia › lawyer-v-debtShould I Hire a Lawyer or Debt Settlement Company? | Nolo

   www.nolo.com › legal-encyclopedia › lawyer-v-debt

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   Oct 31, 2023 · The attorney can help you determine if you should try to settle your debts or do something else, like file for bankruptcy, for example. A debt settlement company will probably just try to convince you to hire it to settle the debts. An attorney can defend you if you get sued. A lawyer can also represent you if a creditor files a lawsuit against ...

2. www.forbes.com › advisor › debt-reliefDebt Settlement: How It Works And Is It Worth The Risks ...

   www.forbes.com › advisor › debt-relief

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   Jun 10, 2021 · Debt settlement companies typically charge a 15% to 25% fee to tackle your debt; this could be a percentage of the original amount of your debt or a percentage of the amount you’ve agreed to pay ...

   • Generally, you can expect a creditor to agree to repayment of around 50% of the total debt owed. In settling your debt, the creditor is agreeing th...
   • Debt settlement can cause your credit score to fall by more than 100 points, and it stays on your credit report for seven years. If your creditors...
   • Yes, you can negotiate debt settlement yourself, although it may take a decent amount of time and patience to make it happen. You’ll need to have t...

3. Videos

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     Debt Settlement Pros and Cons: Is It Right For You?

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4. www.debt.org › settlement › should-i-hire-anShould I Hire an Attorney for Debt Settlement?

   www.debt.org › settlement › should-i-hire-an

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   Understanding Debt Settlement. Debt settlement involves negotiating with creditors or debt collectors to pay less than you owe on your debt. You can settle debt in a few different ways: Contact the creditor to negotiate directly. Hire a for-profit debt settlement company or an attorney to negotiate on your behalf.

5. www.banks.com › debt-settlement-attorney-companyShould You Use a Debt Settlement Attorney or Company?

   www.banks.com › debt-settlement-attorney-company

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   May 21, 2023 · Here’s what to expect when you hire a debt settlement company: Step 1: Connect with a Certified Debt Specialist to review your situation, discuss debt goals and devise a plan of action. Step 2: Make monthly payments to a dedicated account as specified in the agreement. Step 3: The debt settlement company starts debt negotiation with creditors ...

6. alleviatefinancial.com › debt-settlement › debtDebt Settlement Company vs Lawyer – Which One Should You Use

   alleviatefinancial.com › debt-settlement › debt

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   Dec 4, 2019 · Debt Relief and Debt Settlement is a negotiated agreement by which a creditor accepts less than the total amount owed to legally satisfy a debt. Settlement programs typically last 24-48 months and are highly dependent on factors such as delinquency, creditor policies, the number of accounts, and the total dollar amount of the debt.

7. www.consumeraffairs.com › finance › do-i-need-a-debtDo I need a debt settlement lawyer? - ConsumerAffairs

   www.consumeraffairs.com › finance › do-i-need-a-debt

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   Mar 31, 2023 · The fees to hire a debt settlement lawyer vary based on the services you need them to provide. In short, it won’t be cheap. ... Debt settlement companies specialize in reducing your debt burden ...

8. People also ask

   Do I need a debt settlement lawyer?

   • You don't legally need to hire an attorney to consolidate debt or negotiate with creditors. Attorney fees may outweigh the benefits, depending on the size of your debts. You may need to hire an attorney if creditors won't negotiate, you're being sued or you need to file for bankruptcy. What do debt settlement lawyers do?

   Do I need a debt settlement lawyer? - ConsumerAffairs

   www.consumeraffairs.com/finance/do-i-need-a-debt-settlement-lawyer.html

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   Should I hire a debt settlement company?

   • The attorney can help you determine if you should try to settle your debts or do something else, like file for bankruptcy, for example. A debt settlement company will probably just try to convince you to hire it to settle the debts. An attorney can defend you if you get sued.

   Should I Hire a Lawyer or Debt Settlement Company? | Nolo

   www.nolo.com/legal-encyclopedia/lawyer-v-debt-settlement-company-which-should-i-use.html

   See all results for this question

   Should you hire a debt collection attorney?

   • An attorney can raise any defenses you have in court, negotiate a settlement of the debt, and inform you about your rights. According to a 2020 Pew Charitable Trust report, studies in multiple jurisdictions show that consumers with legal representation in debt collection cases are much more likely to win their cases or work out settlements.

   Should I Get a Lawyer If a Creditor Sues Me? - Avvo

   www.avvo.com/legal-library/debt-management/do-i-need-to-hire-a-lawyer-if-a-creditor-files-a-lawsuit-against-me.html

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   What does a debt settlement attorney do?

   • They’ll tailor a payment plan that fits your budget and increases the likelihood of meeting your debt goals. A knowledgeable debt settlement attorney can also offer legal advice regarding your situation, help you avoid wage garnishment, and represent you in a court of law if you’re sued by a creditor. How Much Does a Debt Settlement Attorney Cost?

   Should You Use a Debt Settlement Attorney or Company?

   www.banks.com/articles/debt/debt-settlement/debt-settlement-attorney-company/

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   How much does a debt settlement lawyer cost?

   • The fees to hire a debt settlement lawyer vary based on the services you need them to provide. In short, it won’t be cheap. Attorneys may charge a flat fee, hourly rate, a percentage of your debt or a portion of the amount saved.

   Do I need a debt settlement lawyer? - ConsumerAffairs

   www.consumeraffairs.com/finance/do-i-need-a-debt-settlement-lawyer.html

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   Is a 'law firm' really a debt settlement company?

   • Here's another red flag that the "law firm" you're dealing with is really just a debt settlement company: It wants you to pay money for it to negotiate with your creditors but says you're on your own if you get sued.

   Should I Hire a Lawyer or Debt Settlement Company? | Nolo

   www.nolo.com/legal-encyclopedia/lawyer-v-debt-settlement-company-which-should-i-use.html

   See all results for this question

9. www.avvo.com › legal-library › debt-managementShould I Get a Lawyer If a Creditor Sues Me? - Avvo

   www.avvo.com › legal-library › debt-management

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   Jun 3, 2020 · If a creditor or collector files a lawsuit against you, you’ll need to decide if it's worth paying a lawyer. Usually, it is. An attorney can raise any defenses you have in court, negotiate a settlement of the debt, and inform you about your rights. According to a 2020 Pew Charitable Trust report, studies in multiple jurisdictions show that ...