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Thread: 7 Reasons one should pick an attorney do their Debt settlement

  1. #1
    Administrator shah's Avatar
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    Oct 2012

    7 Reasons one should pick an attorney do their Debt settlement

    By Shah Peerally, Attorney at Law firm
    With the downturn in the economy, many people are unable to pay their debts. One good option is to look into a bankruptcy. However, for many reasons some people will not be ready to pick the option of a bankruptcy for personal reasons. The other reason many will not opt for bankruptcy is that they clearly do not qualify for it. This does not mean that these people do not want to get rid of their unsecured debts. Financial companies are usually keen to settle the debts provided you can effectively negotiate the settlement especially in times of hardship. To this end, many companies are offering the option of a debt management or debt settlement. While there are many genuine companies dealing in debt management , debt consolidation or debt settlements, others are simply taking advantage of already hurt consumers. Our law firm has made it a duty to help the people who are hurt with debts but who are not willing or are not able to file bankruptcy. We have tried to compile in this guide at least 7 (seven)reasons why an attorney negotiation is better than just using a regular debt relief company:

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    Shah Peerally is an attorney licensed in California practicing immigration law and debt settlement. He has featured as an expert legal ****yst for many TV networks such as NDTV, Times Now and Sitarree TV. Articles about Shah Peerally and his work have appeared on newspapers such as San Jose Mercury News, Oakland Tribune, US Fiji Times, Mauritius Le Quotidien, Movers & Shakers and other prominent international newspapers. His work has been commended by Congress women Nancy Pelosi and Barbara Lee. He has a weekly radio show on KLOK 1170AM and frequently participates in legal clinics in churches, temples and mosques.

    For updates follow us onYoutube, Radio, Facebook, Twitter and LinkedIn. Shah Peerally Law Group PC deals in immigration law - and
    Attorney Shah Peerally also deals in debt settlement. For more information call us on 510.742.5887 and visit us on
    Information provided above is for educational purposes only. One should not act or refrain to act solely based on the information provided. You should consult an attorney to assess your case before proceeding.

  2. #2
    Borrowing capacity of a company or a person is called the credit and credit used with businesses,individuals and financial institutions to obtain loans. Most people could not affords cars or homes without the ability to borrow due to this reason people take credit.
    Following are the main types of credit:
    1.Fixed-repayment loans
    2.Revolving credit

  3. #3

    Debt settlement

    Never hire a non-lawyer in any of your debts.

  4. #4
    Consult to your legal adviser in any business related terms while you are able to understand every section of your contract than sign it confidently. It will helps you and saves you from any expected loss.
    immigration lawyer offers all his service in immigration.

  5. #5
    Junior Member
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    Jun 2013
    Debt settlement companies are generally fruitless. My advice is to stay away from them.
    Aaiplbd - law firm Bangladesh

  6. #6
    Quote Originally Posted by LizaFon View Post
    Debt settlement companies are generally fruitless. My advice is to stay away from them.
    What about those which are available online?They are under any law or not?

  7. #7
    I think you don't know all the rules and regulation so you need a legal person that can help you. So that's why you hire an attorney.

  8. #8
    Junior Member
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    Feb 2016
    Hello everyone, this may not be the right place to ask this question..but i am in need...I am Looking for a pawn shop which offers Loan Against Watch , as i have a huge collection of watches and i am in need of money , so i want to lend these watches as a collateral and get loan, Any recommendations ??

  9. #9
    Junior Member
    Join Date
    Jun 2016

    Services of debt negotiating companies

    I am agreed with Shah's view. But how can one person come to know that a particular debt negotiating company is a genuine one? One point to know about their genuinity is what is their fee mode ? These companies are to be paid only after the settlement of the case and not before and if any such company asked their fee before taking up your case then it is 100% fraudulent company. Therefore before availing their services the best option before you is to enquire about their genuinity from the market and go for that company only, who has the good reputation in solving the case of other debtors.

    Source :
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    Tax Attorney

  10. #10
    Junior Member
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    Aug 2018
    I agree with you. You do not know all the laws, so you need to hire a person who understands this. Then you will get a positive result

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