Debt Settlement Program
When you select Attorneys For Consumers to help choose a debt relief program, you will be presented a number of debt settlement options before deciding which is best for you. Once you commit to a debt settlement program, your Debt Help Lawyers will assist you in building up a fund while negotiating with your creditors to lower your debt. Because these debt negotiations can take a while and creditors can be aggressive in their billing and collection methods, Attorneys For Consumers will – if necessary – enforce the provisions of the Fair Debt Collection Practices Act to ensure your rights. When an agreement has been reached, you will start paying off your debt in monthly installments until your debt is paid off in full. Once this is accomplished, your attorney can assist you in making sure your financial well being is back on track.
| Topic | Debt Settlement | Bankruptcy (Chapter 7) | Bankruptcy (Chapter 13) |
| Approximate Fees | Usually based on a percentage of debt enrolled in the program. | Depends on where you file your bankruptcy petition. Fees can range between $1500 - $2500 or more depending on the complexity of your situation. | Depends on where you file your bankruptcy petition. Fees can range between $2000 - $4000 or more depending on the complexity of your situation. |
| How fees are paid | Over the course of the program. | Usually up front. | Usually up front, yet payment plans may be available. |
| Credit Impact | Negative throughout the program. Once the program is complete, the rebuilding process can begin. Additionally if you have secured debts like a mortgage or car payments, you will most likely continue to pay those which can help reduce the negative impact. | Negative and can appear on your credit for up to 10 years. | Negative and can appear on your credit for up to 10 years. |
Debt Settlement Options
Debt Settlement
Debt Negotiation
Bankruptcy
Loan Modification
Short Sale
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