DANGERS OF USING A DEBT RELIEF COMPANY
Posted on 10 27,2016
If you are currently faced with an overwhelming amount of debt, you are probably willing to do almost anything to resolve that debt or get it back under control. There are limits to what you should be willing to do. We do not recommend using a debt relief company. While some of these companies may be genuine, there are numerous dangers with some unethical companies. Debt relief companies lack the legal resources, background and expertise you need when seeking to put an end to the lawsuits, wage garnishments, collection efforts and other legal issues associated with your unpaid debt. Although they are good at making promises about their ability to fix all of your financial woes and rapidly give you the relief you need, not all of these companies are actually able to deliver what they promise.
Some of these firms are simply debt relief schemes geared to get your money, and will unfortunately leave you in a worse financial position than you were in prior to seeking their help. In some cases they will demand large fees up front. In other instances it has been discovered that certain firms have allowed a client to send money to pay off debts, but in actual fact, the firm took the money and left the debts unpaid. Other companies will lead you to believe that you must stop making payments to your creditors for at least 90 days before they will even consider negotiating a lower balance, a reduced interest rate or a feasible settlement amount.
We strongly advise you seek counsel from an experienced Virginia Beach bankruptcy attorney. the David McCormick Law Group is an all-inclusive bankruptcy law firm that has helped provide more than 17,000 people with true debt relief. In addition to the bankruptcy services we offer our clients, we also provide legal representation for other debt relief services such as debt consolidation, debt counseling, debt litigation, debt negotiation and debt settlement. Our goal is to provide each of our clients with an strategy to help them resolve their financial situation and ultimately get out of debt. If you want an attorney you can trust, contact our firm. We do not work for your creditors, we work for you. We are here to help you find the financial solution that best suits your needs and protects your interests. Being weighed down by a massive amount of debt is difficult enough, don't make the situation worse by falling victim to the potential dangers of hiring a debt relief company. Get help from a firm you can count on. Call us now so we can review your financial situation and provide you with the legal protection you deserve.