Using a Debt Settlement Company

Understand Your Rights and Obligations First

If you are contemplating debt settlement, you should first understand the obligations, financial commitments and the time it will take to settle your debts. If not, you could end up paying more than anticipated. At The Winter Law Group, we provide honest assessments regarding all your debt settlement options, including bankruptcy. We represent people and businesses in Fresno and throughout the Central Valley of California seeking debt relief.

Informed Counsel on Bankruptcy Alternatives

If you are considering using a debt settlement company to take care of your debts, you should ask two questions of each company:

  • When will the last debt be paid off?
  • What is the likelihood of being sued and having your wages garnished before that time?

Understand All of Your Bankruptcy Options

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If the company cannot provide satisfactory answers, or you are uncomfortable with the answers given, you should seek the advice of an experienced lawyer.

Many companies ask for an initial payment up front and do not start dealing with your debt until all payments have been received, which could take months or even years. In the meantime, your late charges and interest rates continue to grow, which could lead creditors to seek judgment against you.

There is no harm in seeking a second opinion. By taking time to not only research your debt settlement options — including bankruptcy — but also understand the implications of each one, you take control of your financial situation.

How Bankruptcy Can Help

Bankruptcy is the legal and responsible way to handle unmanageable debts. While bankruptcy might not be the right option for you, our attorney can give you the information needed to make an informed decision. We provide honest, straightforward answers to your questions about debt settlement and bankruptcy. If we don’t think bankruptcy is the right option for you at this time, we will tell you.

Bankruptcy Attorney in Fresno, CA

Using debt settlement companies can be an effective way to handle debt, but understand the facts before you commit. To discuss your debt settlement options with an experienced attorney, contact us for a free consultation.