Which creditors are more likely to sue w/ debt settlement?
tablets1 asked:
We are joining a debt settlement program with a law firm I’m wondering if anyone can tell me your experience with Debt settlement and if you know if any creditors will still sue..We have already tried a debt management program, but the payments were still to high so we dropped out.
We are joining a debt settlement program with a law firm I’m wondering if anyone can tell me your experience with Debt settlement and if you know if any creditors will still sue..We have already tried a debt management program, but the payments were still to high so we dropped out.
This is a very broad question-As everyone’s situation is very unique to each person. No one creditor tends to sue more often than not. It will depend on the amount owed, how long delinquent, if the customer has been in contact or not. Or made payments or not. You have a higher likely hood of being sued if your creditors can not contact your settlement company. You will see this more often with a small law firm trying to handle debt settlement, along with other types of cases. The best you can do, is do your research on the company. Make sure you are with a company actively handling debt settlement negations for over 5 years, this means they will have a better relationship with the collectors!