Debt Relief Options
If you’re in debt, it can affect your life in many ways. Creditors call you. Debt collectors harass you. You need credit for a new home or a car, but you can’t get a loan. You may have even been sued in a collection lawsuit. It can feel overwhelming.
All these issue have solutions, and we help people our clients to find the best one. Here are some of the ways.
Protections Under Consumer Protection Laws
Debt collectors and creditors are prohibited from engaging in unfair, deceptive, or harassing conduct the federal Fair Debt Collection Practices Act and the Massachusetts Consumer Protection Act, called Chapter 93A. If you’re a victim of harassment by debt collectors, we can help you assert your rights and stop their disrespectful and illegal calls or letters to you.
Fighting Debt Collection Lawsuits
If a debt collector has filed a collection lawsuit against you, we can represent you. Debt collectors typically operate as collection “mills” and are willing to settle or dismiss their cases if consumers get an attorney. And, most debt buyers don’t have enough documentation to prove that they own accounts, under the rules of evidence.
Credit Reporting Violations
Inaccurate or misleading credit reports are unlawful under the Fair Credit Reporting Act. You have the right to obtain your free credit reports every year, to dispute inaccurate credit items, and to receive damages if they aren’t fixed. We can guide you on how to obtain your credit reports to get them fixed, and represent you against the credit bureaus if they won’t fix them.
Bankruptcy Protections and a Fresh Start
One of the simplest ways is to file for bankruptcy protection. The most common types of bankruptcy for consumers are Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, most debts are discharged within a few months. In a Chapter 13 bankruptcy, the consumer sets up a three- or five-year repayment plan under which some or all of the debts are repaid.
Bankruptcy is there for a reason – to give people a fresh start. Bankruptcy is in the Constitution, which many people don’t know. Many famous Americans used bankruptcy when they had no choice, like Thomas Jefferson, Abraham Lincoln, and Harry Truman.
In many cases, though, bankruptcy is not necessary and a consumer can negotiate with creditors or debt collectors to settle the accounts. This can often be done for a fraction of the amount demanded. And, in some cases, our office has negotiated for the accounts to be removed from clients’ credit reports.
We have successfully stopped debt collection harassment, sued major debt collectors in state and federal court in both individual and class-action cases, fixed credit reports, and given our clients a fresh start under the bankruptcy laws. Every problem has a solution. Call us for a debt consultation to see how we can help you.