Debt Settlement Attorney Vs. Debt Settlement Companies

Consumers/Businesses Beware!

One can hardly turn on commercial radio without hearing a debt settlement company promising
miracles, using language that makes people believe that federal laws give them certain
rights against their creditors.  Have you ever listened closely to what they actually say
or do not say?  Their promises are hollow.  Their promises are like the letters the debt
settlement companies send.  Often these letters have pictures of American eagles and
buildings that look like federal court structures, but the pictures are just as meaningless
as the promises the debt settlement companies make.  Debt settlement companies' letters to
struggling debtors often state deadlines and minimums, proposed balances, estimated savings
and terms, but in the fine print they have disclaimers which reduce their promises to nothing
meaningful despite their use of terms like the Economic Stimulus Plan of 2008.  This Act is
unrelated to the rights the debt settlement companies purportedly claim that debtors have.  
Furthermore, these debt settlement programs require debtors to pay a fee for their services
and often this fee is increased by an amount the debt settlement companies appear to save
debtors from paying. They then encourage debtors to admit to their creditors that they owe
the money so that the difference between the amount they admit to owing and what they pay
results in commissions to the debt settlement companies.  These admissions can be
devastating for the debtor when creditors, which have no intention of dealing with debt
settlement companies, sue debtors in Minnesota State Courts.  Moreover, debt settlement
companies cannot  represent clients in court and debtors are left to face the lawsuits
alone.

The Alternative

In Minnesota, Marso and Michelson, P.A. represents consumers and business owners whose
debts have spiraled beyond their control.  If a bankruptcy is not their best option,
the solution may be to allow the attorneys in this law firm to represent them regarding
their creditors for an hourly fee.  Members of this law firm write to debtor's
creditors and offer a description of their client's situation and a reasonable
resolution to their financial situation.  Marso and Michelson, P.A. then requests that
all future contacts be made with the law firm and not with the client.  Many creditors,
or their debt collectors, are responsive to this approach.  Unlike debt settlement
companies which cannot represent clients in court, our clients have already retained
this law firm to respond to any litigation to obtain the best possible resolution of
their cases.  Debtors pay only for the attorneys' time and their costs, but there are
no commissions based upon perceived savings by the debtors.  Furthermore, as issues
arise and needs be, there is direct contact between this firm's clients and our firm's
attorneys, and our clients are always welcome to contact us by telephone or see us by
appointment to discuss their matters as individuals based on an attorney/client
relationship. We Invite You To Call - 612-821-4817.

If you would like to discuss our alternative to debt settlement companies' programs with an
attorney from this law firm, please contact us for a free initial telephone consultation.