There really aren't any lawyers who practice "debt settlement"
A debt settlement firm is not a law firm. There are no debt settlement attorneys working there, navigating the court system. Instead, they attempt to negotiate with your creditors to get your debt reduced. They will often charge a very high fee and they can provide no guarantee that your debt will be reduced. They also are unable to hold your creditors to legally binding conditions.
The best a debt relief firm can do for you is to reduce your debt. Debt settlement firms aren't actually able to get rid of your debt. What is worse is that many of these so called debt settlement firms will charge you large fees upfront and not guarantee any results in return. In the end, you could just as easily end up paying a large fee for no resultslenders don't have to do anything that debt settlement firms ask them to.
So the best a debt settlement firm can get you is a reduction in debtor maybe notand a bunch of fees. The worst that can happen is that you get scammed. 13,000 people who were suffering from credit card debt were scammed in July. News agencies don't even mention debt settlement scams anymore because they are so frequent.
If debt settlement is a bad idea, what should you do if you find yourself drowning in debt?
Before you start talking to firms with "professional negotiators," you may want to talk to an actual lawyersomeone who has access to the full power of the law to get you credit card debt help and relief from your creditors. Unlike debt settlement agencies, a law firm doesn't simply negotiate with your creditors on a one-on-one. A bankruptcy law firm can help you get a handle on your debtsand your creditors are powerless to stop it.
Bankruptcy laws are there to give people with unsustainable amounts of debt strong legal support to help. The only way you can get debt relief through the law is to start with a qualified and experienced attorney. You still need to make sure that your case is being handled by an experienced and qualified bankruptcy attorney. Ask your prospective attorney how many bankruptcy cases they have filed, and how many ended in discharge. I would also look for a great attorney to offer you free information before you even set foot in an office.
When looking to get debt relief, take debt settlement agencies with a grain of salt. You may not want to put your family at the great risk of being the victims of a debt settlement scam or not truly getting out of debt.