Debt Settlement Before a Lawsuit
Collection efforts may indicate that a lawsuit is on the way
Facing a constant barrage of phone calls and letters about money that you supposedly owe can be overwhelming. This is often a sign that a debt lawsuit will soon be filed against you. Creditors and collection agencies may refuse to budge, even when you try to work out a reasonable repayment arrangement. Having a skillful attorney on your side could tilt the odds in your favor. We negotiate with creditors so that a fair settlement can be reached, regardless of the size or nature of your debt, or whether or not there is a lawsuit.
Many times, settlement is in your best interest
No one wants to be on the debtor’s side of a discussion about alleged nonpayment. However, debt buyers, collection agencies and creditors are usually looking for a quick resolution as well. After a debt lawsuit is filed, the plaintiff and the defendant must both expend a great deal of time and energy preparing for trial. This can be particularly undesirable for debt buyers who make their profit by purchasing and suing on massive numbers of debt. Resolution before a lawsuit is filed often results in a reasonable repayment arrangement and peace of mind.
Settlement agreements are important!
Working alone, you might have difficulty bridging the gap between yourself and the party coming after you for payment. A telephone collections agent may try to force you into paying your debt without any written confirmation of your settlement terms. Our debt defense attorneys ensure that your settlement is secured by clear and enforceable terms releasing you from your debt, even when the resolution happens before a lawsuit is filed.
Contact a Texas attorney for a free consultation about negotiating a debt settlement
Tom Thomas Legal, P.C. represents Texas debtors in settlement negotiations with creditors and collection agencies. If you’re looking to reach a workable agreement to satisfy your payment obligation, please call 855-898-3328 or contact us online. We offer free consultations in our Dallas, Houston, Austin, San Antonio, El Paso and Fort Worth offices.
