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Types of Debts Accepted

The debt negotiation attorneys specialize in reducing debt balances on most unsecured debts such as credit card accounts, personal loans, and most accounts in collections.

List of unsecured debts acceptable for debt settlement:

  • Major Credit Cards (current or late on payments)
  • Department Store Credit Cards
  • Credit Union Credit Cards
  • Most Unsecured Business Debt
  • Personal and Signature Loans (revolving only)
  • Debt Consolidation Loans (unsecured)
  • Repossessed Car & Boat Loans
  • Medical Bills (only in collections**)
  • Close Ended Loans (only in collections**)
  • Accounts in Collections w/ Debt Collectors

**Only medical & closed-ended loan debt that is with a collection agency and not with an original creditor is acceptable.

List of creditors the attorneys routinely work with:

Advanta, American Express, AT&T Universal, Bank of America, Bank One, Bill Me Later, Capital One, Chase Bank, Citibank, Direct Merchants, Fifth Third Bank, First National Bank, GE Money Bank, Home Depot, HSBC Card Services, JC Penny, Macys, Mastercard, MBNA, National City, Orchard Bank, Providian, Sears, Target, US Bank, Visa, Wachovia, Wells Fargo, Plus many more.

List of debts not acceptable for debt settlement service:

  • IRS/ Income Taxes
  • Payday Loans
  • Auto Loans
  • Mortgage Loans (If you need help getting a lower mortgage payment visit our mortgage loan modification page.)
  • Home Equity Lines
  • Student Loans
  • Court Judgments or Other Legal Proceedings
  • Current Utilities - such as phone, cell phone, electric, cable and gas (unless in collections)
  • Bankruptcy
  • Already Hired a Lawyer for Bankruptcy
  • Summons To Court
  • Bank Overdrafts

What's the difference between a secured and unsecured debt?

  1. Secured debts are usually are tied to an asset, like your car for a car loan, or your home for a mortgage. If you miss payments on a secured debt, the lender can repossess your car or even foreclose on your home.

  2. Unsecured debts are not linked to any asset which includes virtually all credit card bills, medical bills, signature loans, and most accounts in collections.

When making a choice between paying a secured debt or unsecured debt, it is wise to pay off secured debt first to avoid loss of assets.


Talk to us about your consumer debt relief options, ask us industry related questions, and to get a quote for professional debt settlement.

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