Get More Manageable Debt Payments

Get More Manageable Debt Payments

Contact a debt settlement attorney in Philadelphia and Lansdale, PA

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:

  • Educate you on the debt settlement process
  • Negotiate a settlement on your behalf
  • Determine a payment plan that works for you and the creditors

We’ll discuss the advantages when compared to bankruptcy and determine the best path for your financial future.

Contact Tadross Law today to determine if debt settlement is right for you in Philadelphia and Lansdale, PA.

Learn which type of debt you can settle

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.

Who Should Engage in Debt Settlement?

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.

Credit Repair Specialists Are Available

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.

Prohibiting Debt Collection Practices

Debt collectors are prohibited from engaging in any of the following actions pursuant to the Fair Debt Collection Practices Act (FDCPA):

  • Calling you at work when they know your employer forbids it;
  • Calling you before 8:00 a.m. or after 9:00 p.m. in your time zone;
  • Making an excessive number of phone calls to annoy or harass you;
  • Continuing to contact you when you are being represented by someone else;
  • Telling a person other than you, such as your spouse, family member, or employer that you owe a debt;
  • Misrepresenting the amount, character or legal status of a debt;
  • Giving you false information about a debt;
  • Failing to honor your request to cease communication;
  • Threatening to take your property or garnish your wages when this action would not be permissible;
  • Threatening criminal prosecution or implying that you have committed a crime;
  • Threatening to take legal action against you when the debt collector does intend to take;
  • Tricking you into accepting charges for collect calls, or C.O.D. mail;
  • Using threats of violence or harm against you
  • Publishing lists of consumers who refuse to pay their debts (except as to credit reporting agencies)
  • Using profane or obscene language
  • Repeatedly using the telephone to annoy or pester you
  • Telephoning you without identifying themselves and their stated purpose
  • Advertising your debt
  • Falsely implying that they are attorneys or government representatives;
  • Falsely implying that you have committed a crime;
  • Falsely representing that they operate or work for a credit bureau

If you are experiencing any of the above, you may have a valid claim against the creditor for violating the FDCPA. . If you win, you may recover damages you suffered and, in certain instances, you may recover statutory damages as well. Certain jurisdictions also allow for the recovery of your attorneys fees.

Tadross Law is adept at assessing the situation and bringing such claims on behalf of clients who have suffered any of the above violations. Call Tadross Law today to discuss your options!