Debt Settlement Process
The first step in the debt settlement process is to provide any documents you may have regarding the debt. Your Fields Law debt attorney will advise you on the best method of settling and/or negotiating your debts based on several factors:
- The number of debts
- The amount of each debt
- The age of the debts
- Who currently owns the debts
Our debt settlement attorneys can negotiate with creditors, the law firms that represent them, and debt collection agencies that have purchased the outstanding debts.
Your attorney may negotiate to settle your debt for less than what is being requested by the creditor, arrange a payment plan for you to pay off the debt in smaller increments without accruing more interest, or help you to settle debts in one lump sum.
Call our debt settlement attorneys today if you have questions about the debt settlement process. We can help you understand your options and how to settle your debts, regardless of how many debts you have or how much you owe. Contact Fields Law today for a free, no-obligation debt case review.