Debt can be devastating for you and your family. It is crucial that you know how to deal with it, especially if the legal process seems too daunting or complicated. Getting help from an experienced debt lawyer could make all the difference in getting your finances back on track. Here are four reasons why you should hire a debt lawyer:
#1 You have a legal right to debt defense.
Most consumers are unaware of their legal rights when dealing with debt collectors. A qualified attorney can help you understand how the law applies to your situation and then guide you through the process of asserting your rights.
When it comes to your finances, creditors can be intimidating. Many people feel powerless in the face of creditor harassment and intimidation tactics. But there are laws in place that protect consumers against unfair or abusive behavior by creditors—the Fair Debt Collection Practices Act (FDCPA). The Fair Credit Reporting Act (FCRA) and similar state laws offer protections against harassment from collectors who use threats or false statements about credit reports or legal action against them.
#2 You need a lawyer’s help to claim your rights.
If you’re in debt and have been approached by a debt collector, it can be challenging to know what to do next. It’s crucial that you know your rights and how best to protect yourself when dealing with credit card companies, banks, and other third parties who want the money they believe is owed to them. Once a company has started collections on an account, it becomes even more complicated because specific laws prohibit certain actions by collectors. For example: if they call too often, they may get sued; if they call at work when it isn’t permitted under federal law, then they could face legal action; if their calls are abusive in nature (aka threatening or harassing), then again that could result in legal consequences.
The bottom line is this: If an account has gone into default but hasn’t been written off yet, there may still be hope for working out some deal with the creditor/lender where we can work together toward establishing some payment plan or restructuring options without having to pay off all of those past due balances immediately.
#3 Creditors are often prepared with legal advice and representation, even if the debt is tiny.
It can be intimidating to realize that a team of lawyers is working on your behalf from the other side of your conversation. If you’re facing collection calls, though, it’s essential for you to know that many creditors have their own legal teams ready to go at all times.
#4 Using a debt lawyer can save you money in the long term.
Using a debt lawyer can save you money in the long term. You may be familiar with the idea of debt consolidation, but you might not realize that your credit score is one of the most significant factors when it comes to how much interest you’ll pay on your loan or mortgage. That’s why it’s crucial to find a dependable debt attorney to help you negotiate lower interest rates.
An excellent lawyer can also help prevent court costs from piling up. If creditors file lawsuits against their customers, those customers will incur additional fees—maybe even hundreds of dollars per month! This can lead to more debt and deeper financial problems, which are hard to escape without legal assistance.
Finally, an expert lawyer can help prevent wage garnishment and repossession (like bank account seizures).
Many people will face debt at some point in their lives and they are entitled to defend themselves against it.
Many people will face debt at some point in their lives and are entitled to defend themselves against it. Unfortunately, many creditors try to take advantage of the fact that people don’t know their rights. But if you have a lawyer on your side, they can help you understand the law, which is on your side, and protect you from unfair treatment by creditors.
If you are being treated unfairly by a creditor or credit card company, they may be trying to collect money that isn’t owed to them. The Fair Debt Collection Practices Act (FDCPA) protects consumers from harassment and abuse by debt collectors by giving them certain rights when dealing with these agencies.
If you’re struggling with debt, the first thing to do is seek help. At Godfrey Law, we’re a debt defense law firm that can help you get a fresh start in your financial life. Our lawyers are experienced and compassionate, and they understand how overwhelming it can be when your finances are out of control.
We offer free consultations so that you can speak with an attorney before deciding on the right course of action for your situation. You can also fill out our online contact form or call us at (801) 621-7445 for an appointment at our office in Grant Ave Ste 103, Ogden, Utah, today!
If you are facing debt and are wondering what to do, consider hiring a lawyer. There is nothing to lose by taking this first step, and everything to gain. Remember: you have legal rights when it comes to your finances!