Debt Settlement Attorney
Debt Settlement Attorney in Arlington & DFW
Debt settlement is one of the many ways you can decrease your debt and lower your monthly payments. If you’re considering Chapter 7 or Chapter 13 bankruptcy, debt settlement may be a better alternative for you. The Arlington & DFW debt settlement attorneys at the Law Offices of David S. Kohm can protect your rights from your creditors, who may file a lawsuit against you.
Debt Settlement Attorney vs. Debt Settlement Company
Debt settlement is a new form of debt relief that promises quick results to get you out of debt. In a debt settlement, you stop paying your creditors altogether, and save the monthly payments you were making in a savings account. Once you have saved sufficient funds, we will contact your creditor, and negotiate a lump sum payoff of your debt, often for a significantly reduced amount.
There are many debt settlement companies, but none of them provide the security of experienced legal representation. The main problem behind choosing a debt settlement company is that your creditor can still file a lawsuit against you. All the while, your late fees and interest continue to accumulate. There isn’t a guarantee that a debt settlement company can successfully negotiate with your creditors. Our law offices can eliminate your debt or restructure your payments in accordance with what you are legally entitled. Our experience and track record on these matters proves that the Arlington & DFW debt settlement attorney at the Law Offices of David S. Kohm is undoubtedly your best option for debt settlement.
Debt settlement companies often do not have lawyers available to assist you in those situations. You will also likely have to pay high fees to participate in the program – find out what your total costs are and who is receiving your money. Make sure you find out who is responsible for saving your money in the program – some require you to send monthly payments to the company or to a third party, while others require you to simply open your own bank account. And even if you save significant amounts in the program you may owe income taxes on the amount of “forgiven” debt.
Our Debt Settlement Advantages
- Reduce Debt
- Reduce or Eliminate Interest
- Lower Monthly Payments
- Improved Credit Rating
- Avoid Bankruptcy
Allow our experienced team to represent your best interest and acquire the best debt settlement possible in your favor.
Don’t delay in contacting us online or call to speak with one of our experienced Arlington & DFW debt settlement attorneys at the Law Offices of David S. Kohm for your free consultation.