We wanted to take a moment to reiterate the tremendous advantages of having a law firm and not just a debt settlement company represent you:
- The contracts you signed with your creditors are legally-binding. As such, they should be reviewed and handled by lawyers, including to the point that settlement is achieved and considered final so that the creditor cannot sell your remaining debt and keep it active. We’ve seen this scenario take place with companies that are NOT lawyers.
- A law firm and its lawyers are licensed and regulated by their state’s Bar association. There are codes of ethics and procedures that must be followed by Bar members, and there is a disciplinary body in place to handle those that do not. When working with clients, lawyers put years of education, training and reputation on the line. While an ordinary debt settlement company is regulated under federal law, it may not have the same oversight responsibilities under state law.
- Some creditors will only settle with a law firm, so a non-lawyer debt settlement company would either be forced to wait and hope the debt is sold or actually hire a law firm to help settle.
- Only a locally licensed attorney can represent you in court. If any situation requiring legal representation arises over the course of your case, your Cordoba Legal team is able to handle it seamlessly and effectively. With a regular debt settlement company, you would be on your own as far as legal representation, and you’d likely be responsible for hiring a law firm yourself.
- A lawyer can uncover FDCPA violations (Fair Debt Collection Practices Act) and file complaints to protect a client and/or in some cases get fines against the creditors that violate these laws. Those fines are credited to the client and can help to reduce their debt. A debt settlement company would need to hire a lawyer to handle cases related to such violations.
These are just some of the striking differences between law firms and debt settlement companies that can directly affect the success of our debt resolution case. These debt-related matters are legal matters and, as with all legal matters, you should have legal professionals handling them for you.
