At Robert Russell Law Office, we review each case to determine whether debt settlement or collection defense is a viable option for you.
“Debt settlement” means that we help you reach an agreement with creditors for them to accept less than the total amount due. This can either take the form of:
- A one-time lump-sum payment to your creditors. For example, giving them $5,000 within 30 days of agreement to get rid of a $12,000 debt; or
- Payment arrangements where there is a reduction in the account interest rate, the monthly payment and/or the total amount to be paid.
“Collection Defense” means that, as part of the debt settlement process, we look for all defenses you might have to payment of the debt. For example:
- Your creditor may have waited too long to try and collect on the debt, which means the statute of limitations has run, or
- You did borrow money from someone, but the person calling you is different and they cannot prove they have the right to collect on the original creditor’s debt. In this case, the debt collectors don’t have standing to collect from you.
We use both of these approaches to determine if we can help you resolve a creditor’s collection effort to avoid bankruptcy.