Facing a seemingly insurmountable level of debt can rob you of your peace of mind and leave you feeling helpless. While you have many options when it comes to addressing this debt, the most effective one is to partner with a consumer law firm. Resolvly can connect you with the right firm for your situation.
Consumer law attorneys specialize in debt resolution practices and can help you to reach favorable terms with your creditors. They have the knowledge and skill to guide you through the debt resolution process, while also protecting your rights as a consumer.
Multiple Options for Debt Resolution
When you partner with a consumer law firm, the first thing that they will do is to gather all of the pertinent facts about your case. This will allow them to determine which debt resolution options are available to you.
Key factors will include:
- Your ability to repay
- Your total amount of debt
- Your current income level
Unlike debt settlement companies, your attorneys will have your best interests in mind. They will guide you towards the decisions that will be best for your financial future.
Two of the most common approaches are debt consolidation and debt dismissal.
Debt Consolidation
When you seek debt resolution, consolidation is an effective means of making your payments more manageable. Oftentimes, your attorneys will seek to settle with debtors to lower your overall debt. Once they accomplish this goal, that debt can be combined into a single monthly payment.
While debt consolidation will not completely eliminate your debt, it can result in lower expenses. In addition, you will no longer have multiple creditors contacting you for funds.
The downside is that consolidation loans often have higher interest rates. However, this is still better than filing for bankruptcy or losing your assets.
Debt Dismissal
In many cases, your attorneys can achieve total debt dismissal. This means that you will not have to pay any of the remaining debt that is owed to a particular creditor. Eliminating debt can be life-changing, getting you back on the road to financial freedom. Resolvly is a lawyer referral service that specializes in connecting clients with attorneys skilled in debt dismissal.
Protection from Lawsuits
In some cases, your creditor may forego the collections route and simply file a civil suit. A consumer law firm can defend you in court and help to protect you from wage garnishment or other crippling financial penalties. They may even be able to expedite the resolution process and guide you towards a more favorable outcome.
How to Find the Right Team
While there are plenty of skilled consumer law firms that can handle your case, there are also a handful of duplicitous attorneys out there. Hiring the wrong team for the job can cost you thousands of dollars and leave you in a worse situation than when you began.
The best approach is to partner with Resolvly. We are not a debt settlement company. Our professionals can provide guidance and connect you with a qualified law firm that’s capable of providing debt resolution services. All of our partners are fully vetted, so you can rest assured that you’ll get high-quality service.
Resolvly, LLC: Who We Are
Resolvly is a Florida Bar-approved lawyer referral service that helps clients nationwide to connect with consumer protection attorneys that specialize in debt resolution. Founded in 2015, the Boca Raton-based company has become an industry leader by helping thousands of Americans to find the right, legal solution to reduce or eliminate their unsecured debt. Resolvly helps with credit card debt, private student loans, business debt, medical bills, and vehicle repossessions.