In 2022, we eliminated over $15 million of client debt!
(This does not include debt eliminated by bankruptcy filings)
Long Beach Debt Settlement Attorneys
Reliable Legal Counsel in Your Corner
Do you owe an exorbitant amount of debt? Do you keep making payments but you can’t reduce the principal because of high interest rates? Are creditors or debt collectors calling you constantly or threatening to file a lawsuit against you? Are you in danger of losing your vehicle or home to repossession or foreclosure?
No matter what circumstances led you to experience this level of financial hardship, you don’t deserve to struggle everyday simply to make ends meet. But what are your options?
At Fitzgerald & Campbell, our job is to figure this out for you.
While bankruptcy can be a powerful solution for many people, it may not be right for your situation. Depending on your circumstances, we might recommend debt settlement, in which your creditors agree to accept less than what you owe and forgive the rest. Discuss your options with our debt settlement lawyers in Long Beach today.
Ready to learn more? Schedule your free consultation with our Long Beach debt settlement lawyers by calling (844) 431-3851 today.
We Help Clients Settle All Types of Debt
When you choose Fitzgerald & Campbell, our team will negotiate with creditors if we believe they might be motivated to accept less than what you owe. Creditors will typically settle your debt if they believe your only other option is to file bankruptcy, which would cause them to lose even more money.
In turn, you can pay less than what you owe without going through the process of bankruptcy.
At Fitzgerald & Campbell, we often help clients settle:
- Credit card debt
- Medical debt
- Attorney fee debt
- Auto-related debt
- Business debt
- Payday/cash advance debt
- Student loan debt
What About IRS Tax Debt?
Debt settlement with the IRS is called an Offer in Compromise, which the IRS will accept if they believe your offer is the most they can reasonably expect you to pay.
Attorneys vs. Debt Settlement Companies
Settling your debt is possible, but it is never guaranteed.
Debt settlement companies often promise to settle your debt for pennies on the dollar. They might convince you to pay them instead of your creditors, explaining that creditors won’t settle until you withhold payments. This false information could cause you to lose even more money in the long run and potentially trigger a lawsuit from an unpaid creditor.
Our qualified lawyers, however, will only recommend debt settlement if we have fully analyzed your situation and believe this is your best option. If we don’t think debt settlement is possible, we will explore other paths. We can also represent you in court if a creditor files suit. In short, we are by your side from beginning to end.
Advantages of Debt Settlement
There are many potential advantages to settling your debt, such as:
- Lower total debt: One of the primary advantages of debt settlement is that it can help to significantly reduce your total debt. Through debt settlement, you can negotiate with creditors to reduce the amount of money that you owe. This can be beneficial if you are unable to pay off your entire debt and need a way to reduce what you owe.
- Lower interest rates: Another advantage of debt settlement is that it can help to lower your interest rates. Through negotiation, you may be able to get creditors to agree to lower the interest rate on your outstanding debts, which can save you money in the long run. Additionally, creditors may agree to waive late fees or other penalties.
- Improved credit score: Debt settlement can also help to improve your credit score over time. By negotiating and settling your debts, you are showing creditors that you are taking responsibility for paying off what you owe. It will also reduce your total debt-to-income ratio, which is another factor used by credit scoring models.
- Faster resolution: Finally, another advantage of debt settlement is that it often allows for a faster resolution than other methods such as bankruptcy or consolidation loans. Debt settlement typically involves negotiating directly with creditors rather than going through a lengthy court process like bankruptcy does, so it often takes less time for all parties involved to reach an agreement and settle the debts in question.
How Can a Lawyer Help with Debt Settlement?
For people struggling with overwhelming debt, the idea of hiring a lawyer might seem like an unnecessary expense. However, a lawyer can actually be incredibly helpful when it comes to settling debt. They can negotiate with creditors on your behalf, helping you to reach a settlement that is more manageable for your financial situation.
They can also provide legal advice and representation if you are facing legal action from creditors or debt collectors. Additionally, a lawyer can help you understand the complex terminology and legal requirements involved in debt settlement, giving you peace of mind and confidence as you navigate the process.
By working with a Long Beach debt settlement attorney from Fitzgerald & Campbell, you can achieve a more favorable outcome and alleviate the stress and anxiety associated with overwhelming debt.