Debt Settlement Saves Money, Improves Credit and is More Efficiently Than Debt Consolidation or Bankruptcy
Our Targeted Debt Settlements Save Money & Improves Credit:
Debt Settlement is our primary goal to put our clients in a better financial condition. For anyone facing active debt collection efforts, we seek to eliminate or settle your debt for the lowest amount possible. In almost every case we handle, our clients either pay far less than they owe, or nothing, to settle their debts. Thousands of clients have paid only a fraction of the amount owed to creditors, including our fees, while rebuilding their credit and eliminating the stress of debt collection. With our fee structure, clients almost always save more, and pay less, than they would by handling the matter themselves, or by hiring attorneys who lack the experience to correctly solve debt collection problems. Before making your choice, call our office to speak with an attorney free of charge. You will receive an honest and thorough assessment of your situation. If you are interested in hiring our firm, we will quickly send you a proposed agreement spelling out the scope, terms and cost of our representation.
Bankruptcy Destroys Credit:
The debt settlement approach used by Carlisle Law Firm can be seen as a strategic strike, leaving your credit intact. Conversely, bankruptcy is like a nuclear bomb. It can eliminate most of your debt, but, causes substantial damage to your credit and financial reputation. Many people are intimidated when confronted by debt collectors or collection lawsuits and immediately want to seek bankruptcy to avoid garnishment. But, most consumer debt collection does not justify bankruptcy. It is usually best to “save” your bankruptcy option for when it is really needed. A discharge in bankruptcy is limited to once every eight (8) years.
Nothing will prohibit you from receiving certain loans for up to four (4) years, and will drop your credit score faster, farther and longer than a bankruptcy filing. The higher the score, the greater the drop in points. A score as high as 800 may drop to as low as 550, and the bankruptcy will remain on your credit report for ten (10) years.
Since a chapter 7 bankruptcy requires permission from the court to be dismissed, you could discover too late that your home, cars or other valuable property, even though claimed as “exempt” from collection, may still be seized and sold to pay creditors. These are only a few of the reasons most people view bankruptcy as a last resort to prevent an immediate financial crisis.
We do not deter people who truly need and want bankruptcy from filing. We offer another option to defeat debt collection for people that do not want to file, cannot file, or do not need to file bankruptcy. Once you speak with an attorney at this firm about your particular circumstances, you will be informed of the services we are able to provide, and the cost and benefit of those services. If you still decide to file bankruptcy, we will be happy to refer you to a reputable bankruptcy firm.
Debt Consolidation Is Expensive And Inefficient:
Debt consolidation companies have earned a less than stellar reputation over the years. Because of predatory practices and the excessive fees charged by many debt consolidation companies, laws and regulations have been enacted to curb unethical practices by these companies. In theory, “debt consolidation” usually involves an agreement between the debtor and the debt consolidation company, whereby the debtor makes regular monthly payments to the debt consolidation company for a pre-determined period of time. In exchange for fees that are deducted from the debtor’s payments, the debt consolidation company attempts to negotiate settlements with creditors and debt collectors, using the funds paid by the debtor.
Complaints against these companies generally relate to the fee amounts and the inability of these companies to represent the debtor’s interests once a lawsuit has been filed. Even though many of these companies are operating under the banner of some attorney or law firm, most of these companies are in another state, and there is almost always no legal representation afforded to their customers once the creditor chooses not to negotiate and files a lawsuit.