Debt Negotiation
Have you wracked your brain trying to figure out how to negotiate with debt collectors or creditors? Don't worry, leave that to us.
Concordia Legal Group specializes in helping you pay off your debts faster by negotiating with creditors to lower your debts. Through this route, you can save money and time and reduce your payment amounts.
Details of Debt Negotiation
Our program entails monthly deposits into a dedicated account under your name. While your funds accumulate, our team develops a negotiation strategy tailored to your situation.
Depending on the strategy and available funds, our attorneys and negotiators actively engage with your creditors to negotiate a reduction in the amount you owe. Upon reaching an agreement, we present it to you for approval.
With your consent, we use the collected funds in your dedicated account to settle your debts. Once a debt is fully paid off, it is considered resolved. We continue this process for each debt until you are completely debt-free.
Other Program Details
We offer a quicker path than the longer process of paying off substantial high-interest debt with only minimum payments.
From the start, we work with you to make sure the monthly deposits you make during our program are affordable. These deposits include estimated settlement amounts, legal fees, service costs, and settlement fees* — designed for your financial well-being.
Our approach goes beyond settling debts, providing financial relief, guidance, and support towards a debt-free life.
*The settlement fee is calculated based on a percentage of your enrolled debt.
Frequently Asked Questions
How does my debt ratio affect my debt settlement case?
While not definite, a person’s debt ratio does impact their case. This, among other details, can help us understand how the negotiation process can go. Contact us for specific inquiries about your debt ratio.
Can your law firm help me lower my credit card debt?
Definitely. Contact us to learn more about what Concordia Legal Advisors can do to help you.
What should I do when dealing with debt collectors?
Upon first contact, verify the debt and the collector’s authority to collect it.
Request this information in writing, stick to communicating in writing for documentation, and avoid sharing personal financial details.
Learn about the Fair Debt Collection Practices Act (FDCPA) & How We Can Help Protect You From Unfair Practices.
Should I try to negotiate a debt settlement myself or get legal help?
It is not advisable to negotiate a debt settlement on your own. Working with a law firm improves your chances of a favorable outcome. Contact us to see how we can kick off the process.
How can you assist in negotiations with credit card companies?
At Concordia Legal Advisors, we use our legal expertise and negotiation experience to guide you through negotiations with credit card companies. Contact us today to see how we can assist with your case.
Is it possible to negotiate tax debt with legal assistance?
Forgiven debt can be taxable. However, it is important to consult with a tax lawyer for further details.