Debt Settlement Success Stories

Debt Settlement Success Stories

Author: chandanirai

Over the years and many clients, we have helped individuals settle their debts with various banks, clear off payments and obtain settlements for payments far less than what was actually owed by them. In some cases the repayments have been interest free, in other cases, the extension for payments have been comfortable. Being an attorney firm, our expertise in handling the legal angle apart from the debt settlement angle has helped in many cases and the success stories been fairly large.

In these years the Shah Peerally Law Firm has managed to secure the trust and confidence of its clients and that means the world to us. Here are a few stories that our clients had to share-

“After a lot of research on the web looking for a Law firm that specializes in Debt Settlement, I finally decided to get an appointment with the Shah Peerally Law Group for two reasons – I liked how Feilah Peerally immediately took my call, asked all the right questions – made me feel comfortable in such a stressful situation for me and gave an appointment the very next day. In the appointment, she made me relax with her personal touch and said something that almost made me cry……….”what took you so long” and “don’t worry we are here to help you” It was no surprise to me that they were able to settle all my credit card debt of $90000 for only ~ 25% of its value with a very reasonable payment plan. What impressed me the most was the quick decisive action, the knowledge on the settlement process, constant follow up and updates and most of all the understanding and support throughout the process. By the end of the successful settlement, I felt that I was part of the Shah Peerally family and my wife also became an admirer and eventually a friend of the Peerally group. BOTTOM LINE, THE WHOLE EXPERIENCE MADE ME BELIEVE IN THE OLD SAYING THAT “SOMETHING GOOD ALWAYS COME OUT, EVEN IN A BAD SITUATION”

At the Shah Peerally Law Firm we believe that every client is special and no one is bad because they are in debt. Apart from advising our clients on how they can lead a debt free life and what precautions they should take for that. We also like adding a personal dimension to our services. The client’s feelings and high emotional levels are always important to us. At Shah Peerally Law firm we guide our clients on why debt settlement can be a wonderful option for them and how they need not be in debt all their lives.

There are different and difficult situations under which a person may be in debt and not all of it is always his fault. Here we have a client speak, who had a bitter experience with debt and how at Shah Peerally Law firm we could help him settle his debt.

“I was laid-off from work in March 2009 and was living on the EDD Unemployment Insurance check, which was not enough as I had a house mortgage, car payments and family to support so all my credit cards got maxed out and the Credit Card companies started calling us on daily basis, they also called my wife at work, which was very embarrassing for her as she works at a law firm. It came to a point that we were afraid to answer the phone at home as we were harassed even on the weekends. I was talking to my friend and he gave me the contact number for the Shah Peerally law office and said that they can help me. I called Shah Peerally and told them about my financial situation, they told me their procedures and I signed an agreement with them. Within about two weeks all the harassing phone calls have stopped and within 6 months most of my Credit Cards settled. After paying off all my Credit Card my credit was restored.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/debt-settlement-success-stories-5584321.html

About the Author

I was very happy that I went to Shah Peerally for help and was very satisfied with the service and professionalism they provided me. It was very important for me to resolve my Credit card debt as I am in the job hunt and most of the companies check for the Credit history/background now before they hire new employees and I didn’t wanted to miss out on a good job offer just because of my credit history.”

Debt Collection and Playing By the Rules: Knowledge is Power

Debt Collection and Playing By the Rules: Knowledge is Power

Author: Sergei Lemberg

If you’ve ever dealt with a debt collector, then you understand just how unpleasant the experience can be. Before the enactment of the Fair Debt Collection Practices Act, a collector was allowed to use any debt collection tactics that would best serve their purposes – but completely ignore the best interests of the consumer. But the Act has changed things – it sets down strict rules and regulations that must be followed by debt collectors whenever they’re attempting to collect a debt. Here are a few things you should know when dealing with an out of control collector.

They Must Prove That You Owe the Debt

No bill collector can demand that you pay a debt without first proving to you that the debt is actually yours. They have to do this with a letter, which tells you who the original creditor was, the amount of the original debt and an accounting of any fees that have been added to it. If you don’t think the debt is yours, you can dispute it by sending the collector a letter telling them that the debt isn’t yours. In order for them to continue collections, they will have to prove that it is. It’s important that you dispute it if you don’t believe the debt is yours; otherwise, the debt collector will have the right to assume that it’s yours.

They Must Treat You With Respect

The old debt collection tactics involved humiliating or embarrassing someone into paying. A debt collector would make empty threats, call people names, insult them and demean them for not paying their bills on time. But the Fair Debt Collection Practices Act prohibits this kind of behavior from a debt collector. Instead, they must treat you with respect, and not attempt to belittle or demean you-even if you owe the debt.

A bill collector also isn’t allowed to talk to other people about your debt, and that includes coworkers, your family, neighbors or your friends. If they call someone to try and locate you, they aren’t allowed to tell them why they are looking for you, or identify themselves as a debt collector. They’re only allowed to call a third party a second time if that person invites them to.

They Must Tell You Who They Are

Years ago, a bill collector may have called a consumer and pretended to be law enforcement, the IRS, an investigator or an attorney in order to scare a consumer into paying up. But thankfully, those debt collection practices have been outlawed by the Fair Debt Collection Practices Act. The law states that a debt collector must identify himself or herself as such whenever they contact you. But they can’t do so in a way that would embarrass you. For instance, they can’t leave a message that talks about your debt on an answering machine where others could hear it, and if they communicate with you by mail, they can’t mark the envelope in a way that would allow others to know that the letter is from a debt collector.

The Fair Debt Collection Practices Act has done a lot to ensure that consumers are protected from predatory debt collectors. But the law isn’t effective unless people understand their rights. If you’re being harassed by a debt collector, learn your rights and stand up to them. After all, the law is on your side.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/debt-collection-and-playing-by-the-rules-knowledge-is-power-5583318.html

About the Author

Sergei Lemberg, Esq. is the Principal of Lemberg & Associates, a law firm specializing in fair debt collection law, lemon law, and other consumer law.