What is a Debt Settlement Attorney & Finding the Best for You

Written By Aaron Sarentino
Oct 13, 2022

What is a debt settlement attorney

A debt settlement attorney is a lawyer who specializes in negotiating with creditors on behalf of their clients to try to reach a settlement agreement. This can involve reducing the amount of money owed, or negotiate a payment plan that is more manageable for the debtor.
Most attorneys will work on a contingency basis, which means they only get paid if they are successful in negotiating a settlement. However, some may charge an hourly rate. It is important to understand what fees you will be responsible for before hiring an attorney.

What to Look for in a Good Debt Settlement Attorney

When it comes to finding a debt settlement attorney, there are a few things you’ll want to keep in mind. First and foremost, you’ll want to make sure that the attorney you’re considering is experienced and trustworthy. There are a lot of scams out there, so you’ll need to do your research to make sure you’re working with someone who is reputable.
You should also look for an attorney who is transparent about their fees and who offers a free consultation. This way, you can get a sense of what they would charge for their services and whether or not they’re the right fit for you. Finally, be sure to ask around for recommendations. Talk to friends, family, and colleagues who have used a debt settlement attorney in the past to get their opinion on who you should work with. With these tips in mind, you’re sure to find the best debt settlement attorney for your needs.

Things to Avoid When Searching for a Debt Settlement Attorney

There are a few things you’ll want to avoid when searching for a debt settlement attorney. First, be sure to avoid any attorney who asks for upfront fees. These fees are usually a sign of a scam, so it’s best to steer clear.
You’ll also want to avoid any attorney who guarantees they can get your debt reduced by a certain amount. No attorney can make such a guarantee, as it ultimately depends on the creditor and their willingness to negotiate.
Finally, be sure to steer clear of any attorney who pressures you into making a decision before you’re ready. You should never feel like you have to make a decision on the spot – take your time and make sure you’re comfortable with the attorney you ultimately choose to work with.
To learn more about debt settlement or financial fraud, talk to the experts at Americor and start your journey to a debt free life.


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About Americor

Americor provides debt solutions to thousands individuals and families all over the country. We’re a next-generation debt relief company with a proprietary platform designed to help clients get out of debt quickly. Together we’ll develop a strategy for you to enjoy a debt free lifestyle. Learn more about how Americor can help relieve the burdens of debt today.

18200 Von Karman Ave, 6th Floor Irvine, CA 92612
New Clients:
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Existing clients:
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We provide debt resolution services. Our clients who make all monthly program payments save approximately 40 – 50% of their enrolled debt (average of 43%) upon successful program completion, before program fees. Fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25% of your enrolled debt. Programs range from 20-48 months. Clients must save at least 25% of each debt due to an enrolled creditor before a bona fide settlement offer will be made. On average, clients receive their first settlement within 4-7 months of enrollment and approximately every 3-6 months thereafter from when the prior debt was settled. Not all Clients complete the program. Estimates are based on prior results and may not match your results. We cannot guarantee that your debts will be resolved for a specific amount or percentage or within a specific timeframe. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Our program is not available in all states; fees may vary by state. Some programs may be offered through The Law Firm of Higbee & Associates d/b/a Advantage Law. The use of debt resolution services will likely adversely affect your credit. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding debt may increase from the accrual of fees and interest. Any amount of debt forgiven by your creditors may be subject to income tax. Clients may withdraw from the program at any time without penalty and receive all funds from their dedicated account, other than funds earned by the company or fees paid to third-party service providers, as may be applicable. Read and understand all program materials prior to enrolling. Certain types of debts are not eligible for enrollment. Some creditors are not eligible for enrollment because they do not negotiate with debt relief companies. To determine the offers you may be eligible for, Americor conducts a “soft credit pull.” This credit pull does not impact your credit score, creditworthiness, or ability to obtain credit from other sources. The soft pull is not a tradeline entry, it does not report against your score and will only take a few minutes.

Americor Funding, LLC (18200 Von Karman Ave, 6th Floor Irvine, CA 92612) is fully accredited by the Better Business Bureau (BBB), the American Fair Credit Council (AFCC), and the International Association of Professional Debt Arbitrators (IAPDA). CA Department of Financial Protection and Innovation (DFPI) License # 603K913.

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