Law Offices of Buddy D. Ford, P.A.

“Representation with Dignity”
Since 1987

Local: 813-302-1258
Toll-free: 866-596-9247
Call Us

Debtors, be wary of scammers wanting to settle your debts

When you are in a bad financial position, your desperation can cause you to make ill-advised decisions. Scammers realize this and prey on those who are hampered by debts they are unable to pay.

A common scam that sucks in unwary debtors is when an individual or company offers to improve your credit score — for a hefty price. At the end of the day, however, your credit score will still be hovering in the low 400s and your wallet will be considerably lighter.

While not exactly qualifying as scammers, companies that offer to settle your debts for much lower sums can also take advantage of those in dire financial straits. The fact is that you can negotiate with your creditors free of charge to achieve the same results. Although companies are operating within the law when they offer these services, it doesn't mean that you should allow them to separate you from your hard-earned cash.

A better choice is often to file for Chapter 13 bankruptcy. You can reduce your debt over a period of three to five years. If you have abided by the terms set by the bankruptcy court, the trustee can recommend that your remaining debts be discharged.

We help many clients achieve the financial freedom they seek by guiding them through the complex process of filing for bankruptcy protection under Chapter 13. If you are in danger of losing your home, the automatic stay that a bankruptcy filing offers can allow you to restructure your debts and save your family's home.

Are you tired of dodging phone calls from creditors? Call today and let us help you streamline your financial future.

No Comments

Leave a comment
Comment Information
American Board of Certification Avvo Client's choice 2013 chapter 11 Avvo Rating 10.0 Superb Top Attorney Chapter 11 2017 | Best Of Tampa Bay | Profile Series

Board Certified - Business bankruptcy law American Board of Certification

2018 Top 100 Lawyers | ASLA Lawyers of Distinction