Debt Settlement Attorney
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A debt lawyer is someone with the knowledge, credentials and skill to help consumers struggling with debt sort through their financial troubles. Representing clients in cases against debt collectors is a form of consumer law, the branch dedicated to protecting consumers against unfair trade and credit practices. Debt lawyer negotiate deals with creditors, handle lawsuits from credit card companies and other lenders and, when a client’s finances are beyond repair, file for bankruptcy.
Debt lawyers have become more prominent because household debt in the U.S. has jumped 11% over the last decade to an average of $134,643 (including mortgages) and credit card and auto loan debt are going over the $1 trillion, mark. With so much money owed, debt collection agencies are getting more and more aggressive in trying to collect. The Consumer Financial Protection Bureau says there are more than 6,000 debt collection agencies in the U.S. and their revenue for 2016 was more than $12.2 billion.
Get a FREE Debt Settlement case evaluation from a local Debt Settlement attorney!