About Us
Debt Resolution

The Debt Resolution Program and its Risks

There are some specific risks involving Debt Resolution. First, it is important that the client understands that by not paying their monthly bills, whether in the program or not, they run the risk of creditors taking legal action. Creditors incur substantial costs when proceeding with legal action and generally look for ways to settle matters outside of the legal process. LBS has partner attorneys licensed to practice law in the client’s state of residence who are able to provide legal advice or representation in the event of a lawsuit.

Secondly, participation in a debt resolution program will have a negative impact on credit scores. Credit will be negatively affected due to the fact that the client is unable to make monthly payments to their creditors; however, as settlements are completed, the client will be provided with letters from their creditors showing that their accounts were settled. The primary focus of Debt Resolution is to help the client become debt free in the quickest and most cost effective manner possible. When the program is completed, assuming that the client is current on any other payment obligations, their credit will begin to repair itself.

The third issue associated with Debt Resolution are creditor/collector phone calls. While enrolled in a Debt Resolution program, the client may receive phone calls from creditors demanding payment. Some of these phone calls may be harsh. Contrary to what anyone hears, the creditor/collector has a right to call. However, there are rules they must follow that many do not.
With LBS , the client’s account manager will help the client better understand how to deal with the calls and will provide information on how to potentially slow the calls. There are many advantages to working with our law firm. The personal account manager will be able to send correspondence to creditors, directly from the law firm, to significantly reduce the calls or redirect those calls to the law firm’s offices. In the event that the client is being harassed by creditor/collector calls, the FDCPA protects the client and LBS has lawyers ready to help in these cases for no additional cost.

When enrolling in a Debt Resolution program, the services that most firms provide would be limited to Debt Resolution services only. However, LBS provides FDCPA violation representation, attorney consultation calls, debt validation requests, pro se responses to lawsuits and court date extension requests (if necessary). Additionally, in the event the client decides to retain counsel through the law firm to file for a Chapter 7 Bankruptcy, LBS will discount the client's attorney fees by 30%, provided that they have paid at least $1500 in fees towards the debt resolution program. If the client qualifies for a Chapter 7 bankruptcy, they can convert to bankruptcy at any time.

Debt Resolution

STEP 1 Set up a consultation and a meeting with an attorney or field agent of our firm

STEP 2 Receive an approval within 48 hours

STEP 3 Communicate with your Account Manager who will assist you while on the program

STEP 4 Approve the offers our attorneys have prepared for you

STEP 5 Become debt free

Our Practices
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