Debt Settlement Firms
Many financial companies tout the benefits of debt settlement and how it can help you pay a fraction of your debt in half the time. While this claim may sound good, it often comes at a great cost to the consumer’s financial standing if the consumer is not careful.
Having a lawyer settle your debts is often less harmful to your credit than having a debt relief firm argue on your behalf. If you or someone you know has fallen on tough financial times, contact the Arizona debt negotiation lawyers of The Harmon Law Office, LLC, at 480-829-0494 to learn more about your options.
Understanding Debt Settlement Firms
Debt settlement firms require an individual to pay them and then they, in turn, pay the individual’s creditors. This sounds simple enough, but this simple explanation is not exactly a truthful representation of how debt settlement firms work.
- Pay the settlement companies a fee
- Default on their monthly payments
- Pay taxes on the discharged debts
In many cases, individuals are left with blemishes on their credit histories, which may make it more difficult to secure a loan or a credit card in the future. A debt negotiation lawyer arguing on your behalf may be able to avoid these problems for you.
Contact Us
The Arizona debt negotiation attorneys of The Harmon Law Office, LLC, can help you better understand your financial options when you are stuck with overwhelming debt. Contact us today at 480-829-0494 to discuss your case with our experienced debt negotiation attorneys.