These
case studies are actual financial situations described
by consumers that have led them to seek debt relief services
provided by professional debt negotiation and settlement
attorneys.
Necessary
Medical Debt | Consumer had a spouse that
unfortunately had gotten very sick and needed
extensive medical care. Consumer's medical coverage
was limited so consumer paid hospital and medical
bills via credit cards and personal loans. Consumer
had income but the income was not enough pay back
the creditors on their terms. Consumer researched
several debt relief agencies and found Consumer
Debt Law be the most informative and trusting
company.
Bankruptcy
Avoidance | Consumer had
credit card debts totaling $70,000. The interest
rate on these credit cards cards averaged nineteen
(19) percent. Consumer could only make the minimum
payments which were around $1470 per month.
Consumer realized that it would take approximately
7.5 years to pay off this debt at this rate.
Consumer realized that the interest alone on
these payments totaled $61,222. Consumer could
not afford to pay $131,222 on this debt for
it would have drained savings and would have
eventually led to filing bankruptcy.
Decreased
Household Income |Consumer had gotten a divorce
and had assumed more than $100,000 in credit card debt.
Since the household income was now decreased by almost
in half, consumer did not have the income to make the
required minimum monthly payments. Consumer Credit Counseling
Services and bankruptcy was not an option. Consumer demanded
a reputable service with a proven track record for obtaining
the most aggressive results. Consumer contacted us.
Declining
Economic Conditions | A business owner, due to declining
economic conditions, had a business that was failing.
The business owner had financed the business through credit
cards and personal loans. He had became late on the credit
payments and had debt collectors calling constantly. The
business owner wanted legal protection from constant debt
collection calls and wanted to avoid bankruptcy. The business
owner demanded expert debt help facilitated by licensed
attorneys.
Corporate
Downsizing | Consumer's employer downsized company
and consumer lost their high paying executive position.
Consumer was therefore forced to take a position with another
company for a much lower salary. The substantial credit
card debt that was once affordable was now unbearable. Consumer
sought professional debt settlement services for the resolution
of these debts. Consumer also demanded legal protection
from harassing debt collection calls. Consumer contacted
us.
In
all the above situations, the consumer chose debt
settlement facilitated by attorneys for their debt
relief solution.
Talk to usabout your consumer
debt relief options, ask us
industry related questions, and to get a quote for professional
debt settlement.
