Tackle All Your Debt with A Debt Relief Attorney
These purported specialists fail to inform the debtor that they can only attempt to address unsecured debt such as credit cards and medical bills. A non-attorney is legally prohibited from giving legal advice & most are not qualified to deal with secured debt like real estate mortgages or car loans. These companies also fail to inform the debtor that their “services” are merely a negotiation and not a legal one and that the creditor, credit card company or debt collection agency do not have any obligation to talk to the settlement company, let alone actually settle the debt for less than is owed. They don’t know or fail to inform the debtor about IRS tax consequences when a debt is forgiven or settled (over a certain Dollar amount). The last straw is when these debt settlement experts instruct the debtor to STOP PAYING on their debt. This raises very serious legal questions. Yet despite the many problems of addressing debt without a qualified attorney, many of these clandestine individuals and companies are signing up thousands of unassuming hard working Americans on a daily basis.
https://grantphillipslaw.com/tackle-all-your-debt-with-a-debt-relief-attorney/
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