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That will vary depending on the debt settlement attorney. Some will assist you if you are sued. Others state in their contract that if you are sued that they cannot and will not assist you. It's best to ask that question before signing up for debt settlement.
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∙ 13y ago
Debt settlement attorneys can help negotiate with creditors to settle debts, which may potentially prevent creditor lawsuits. However, if a lawsuit has already been filed, a debt settlement attorney may be able to represent you in court or help negotiate a settlement to resolve the legal issue with the creditor.
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How long can a debt collection agency sue you in Ohio?
In Ohio, the statute of limitations for debt collection lawsuits is six years for most types of debts. After this time period has passed, the debt collector cannot legally sue you to collect the debt.
Is a debt past SOL and removed from your credit report considered legally satisfied?
No, a debt that is past the statute of limitations and removed from your credit report is not considered legally satisfied. The statute of limitations determines how long a creditor has to sue you for the debt, but it does not erase the debt itself. You still owe the debt, but the creditor may no longer have legal recourse to collect it through the court system.
Can a creditor sue you after 6 years?
The time limit for a creditor to sue you for a debt is usually defined by the statute of limitations, which varies by state and type of debt. In some cases, creditors may still attempt to collect the debt after the statute of limitations has passed, but you can raise the defense that the debt is time-barred in court. It's recommended to consult with a legal professional for advice on your specific situation.
Can collection law attorneys help me fight a collection company?
Yes, collection law attorneys can help you fight a collection company by disputing the debt, negotiating a settlement, or representing you in court if necessary. They will work to protect your rights and ensure the collection company follows the law in their collection efforts.
Is there a way to settle garnishment after 4 years?
It may be possible to negotiate a settlement with the creditor after 4 years of garnishment, but it would depend on the specific circumstances and the creditor's willingness to cooperate. You may want to seek advice from a legal professional experienced in debt relief to explore your options.
Who are the best debt settlement attorneys in Boston?
The best debt settlement attorneys in Boston, Massachusetts work at reputable firms such as Afford & Bertron, Parker & Associates, and Worchester Debt Settlement.
Where can one find a dept settlement lawyer?
One can find a debt settlement lawyer from the 'Debt Settlement Attorneys' website. They can also be found on sites such as 'Attorneys' and on 'Yelp'.
What exactly is a debt settlement?
Debt settlement, also know as debt arbitraton or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
How to Settle Debts for Less Than What You Owe?
If you have an account with a creditor that is seriously delinquent, the creditor may agree to a debt settlement to pay off the account in full. You may approach the creditor with an offer yourself, or you may work with a professional debt settlement agency. Both methods have advantages and disadvantages that are worth researching ahead of time. If your creditor accepts the settlement, you only have to pay the agreed-upon percentage of the debt.
Who are the best debt settlement attorneys in New York City?
In New York City there are numerous attorneys available for debt settlement. The top three listed attorneys or groups are: Michael Levitis, who can be contacted at levitislaw.com. Brooklyn Debt Settlement, who can be contacted at brooklyndebtsettlement.net. Waltzer Law Group, who can be contacted at waltzerlawgroup.com. Brooklyn Debt Settlement group offers an analysis of your situation right at their website and the Waltzer law group offers you a phone number to call that provides the same service.
What is does it mean for an original creditor to recall their collection?
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
How much do debt settlement attorneys charge in Green Bay, Wisconsin?
Most attorneys will not post info like pricing on the web. They usually won't tell you unless you call in. I suggest going to http://www.yellowpages.com/green-bay-wi/mip/debt-settlement-9349555/map and calling the various attorneys to see what their pricing structure is.
How can one have debt settlement in America?
Debt settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. In America consumers can arrange their own settlements by using advice found on web sites, hire a lawyer to act for them, or use debt settlement companies.
What is the first step for debt settlement?
The first step for debt settlement is finding out how much an individual owes, and after that, the following step is to contact the creditor or company. Usually the most effective way of contacting a creditor is to call the company, because it leaves room for questions and takes less time.
What is a negotiated debt settlement?
Negotiated debt settlement is when a creditor agrees to close a debt and consider balance zero by accepting less than the full balance that is owed. Let's say you owe capital one $10,000. You have $3,000 and offer them to consider the remaining balance forgiven. If they accept, you have a negotiated debt settlement.
How do you settle debt with credit card?
Debt CAN be settled with credit card debt and other unsecured debts. Negotiating a settlement is between you and your creditor and settlements have happened for millions of people and helped them get out of debt.
How long is a levy valid?
Until the amount owed is paid in full or the judgment creditor agrees to a settlement of the debt.
