Q: What is debt settlement, and how is this different from debt consolidation?

A: Debt settlement (also called debt negotiation) is a process where an attorney negotiates with your creditors to reduce the total amount you owe, often in exchange for an affordable, monthly payment plan without interest.

In some cases, especially where debts are unenforceable or otherwise subject to legal defenses, an attorney may be able to negotiate a settlement that results in eliminating the debt altogether. This outcome depends on your specific circumstances, the type of debt, and your creditors’ willingness to negotiate.

Debt settlement is different from debt consolidation or bankruptcy. It is a legal negotiation that focuses on reducing or resolving unsecured debts such as online loans, payday loans, and tribal loans. An attorney can help you understand whether debt settlement is the right option for your situation.

Q: I’m already struggling with debt. How can I afford to hire a law firm?

A: That’s a common concern. Most of the law firms in our network understand that their clients are already under financial stress, so they typically offer flexible and affordable payment structures. Some firms may charge based on a percentage of the debt that’s settled, while others may use monthly payment plans.

The initial consultation is free, and there’s no obligation to hire the attorney. If you decide to move forward, your lawyer will explain all fees in writing before you sign an agreement so you know exactly what to expect. In many cases, the potential savings from a negotiated settlement outweigh the legal fees, but every case is different, and results can’t be guaranteed. Talking with an attorney will help you understand your options and costs upfront.

Q: What kinds of debt can you help with?

A: Our attorney network specializes in unsecured consumer debt, including payday loans, personal loans, installment loans, cash advances, and predatory online loans. We do not handle student loans, mortgages, or auto loans.

Q: Why should I work with an attorney instead of a debt settlement company?

A: Attorneys bring legal expertise that debt settlement companies cannot. Our network of attorneys leverages powerful consumer protection laws like the FCRA to put an end to harassing calls, dispute and invalidate your debts, and raise legal defenses if a loan may not be enforceable. Working with an attorney ensures your rights are protected throughout the process.

Q: Will hiring a lawyer stop the calls and threats from creditors and debt collectors?

A: Once you are represented by an attorney, creditors and debt collectors must direct their communications to your lawyer. This can stop harassing phone calls and letters, and give you peace of mind while your attorney works to resolve your debts.

Q: I have tribal loans with extremely high interest rates. Can a lawyer help me?

A: Many people who take out tribal loans find themselves trapped by very high interest rates and aggressive collection tactics. Attorneys experienced in debt settlement and debt negotiation can review your loans to determine whether they are legally enforceable, whether the terms may be challenged, and whether settlement or even full elimination of the debt is possible.

Q: Are tribal loans different from other payday or installment loans??

A: Yes. Tribal loans are issued by lenders affiliated with Native American tribes. These lenders often claim they are not subject to state interest rate caps or licensing laws because of tribal sovereignty. This can make repayment confusing for consumers. An attorney can evaluate whether your tribal loan is enforceable under the laws that apply in your state and help negotiate a resolution.

Q: How do I get started?

A: Taking the first step can give you peace of mind. We partner with a nationwide network of experienced attorneys who focus on debt settlement and debt negotiation. When you complete our short form, we connect you with a law firm for a free, no-pressure consultation. You can then decide whether to work with them. (No obligation, just options).