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What is Debt Settlement & How Do I Know it's Not a Rip-Off?

Debt Settlement

Debt settlement companies typically seek to assist consumers by settling their outstanding debts for less than is owed. A reputable debt settlement company will never take a fee up front for its services. However, many debt settlement services end up being scams. The biggest risk to approaching debt settlement as a consumer defense strategy is that the creditors are under no obligation to settle debts, and may simply proceed to collection litigation. If the debt is secured by a house or a car, then the creditor may simply proceed with a foreclosure or vehicle repossession instead of negotiating with the debt settlement company.

If you are in a similar situation and could use some help, contact us today online or by telephone at (312) 313-1613 to speak with an experienced Chicago bankruptcy attorney.

Contact Us Today!

Talk to the leading law firm in the country about your rights for free! Fill out the form below or give us a call at (312) 313-1613 and we would be happy to give you the answers you need to make informed decisions for yourself and your family.

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