If you’re facing a mountain of debt while able to make payments, contact a knowledgeable attorney. Tadross Law will talk to you about the benefits of debt settlement in Philadelphia and Lansdale, Pennsylvania.
Debt settlement establishes a reduced payment of your debt in exchange for a lump sum or restructured monthly payments. An attorney will:
There are two types of debt: secured debt and unsecured debt. The former is a type of debt that is tied to an asset, like a home, a car, or land. Secured debt, such as home loans cannot be settled via debt settlement cannot be resolved via debt settlement, as the creditor need only seize the asset as a means of recovery, but can be resolved through our other services, such as Loan Modification or Bankruptcy.
Unsecured debt, on the other hand, is type of debt that is not tied to any asset and includes credit cards, medical bills, payday loans, student loans, private loans, RV/Boat debt, divorce debt, and many others. Any of these types of unsecured debts can be settled by Tadross Law, as we negotiate with the creditor on your behalf to reduce the balance owed. Once we reach an agreement with the creditor for a reduced amount, and the client pays off that amount, the debt will be considered settled or resolved. We will work closely with you to determine the best repayment plan that works for you.
A debt settlement program is certainly not for everyone. Qualified candidates are those who have a legitimate financial hardship that has caused them to fall behind on their payments to creditors. We will not welcome clients into the program whose intent is defraud or deceive creditors. We only represent those customers who are truly in need of our services and stand to significantly improve their financial situation.
Upon clearing of your debt, we connect you with our credit repair specialists. They are able to contact the credit bureaus and clear your credit quickly, so that you can be on your way to repairing your credit. Give us a call today, and get on a path to a debt-free life.
Debt collectors are prohibited from engaging in any of the following actions pursuant to the Fair Debt Collection Practices Act (FDCPA):