Law Firm vs Debt Relief Company
It can be challenging for people to stay afloat financially when they have massive debts. As a result, people opt for debt settlement. Various debt settlement options can help people negotiate with their creditors, but the most common ones are debt relief law office and debt settlement companies. Which is the better option? This review will discuss both of these options to help people determine the best option for their scenario.
According to the narrator in the video, the better option for people is to hire a law firm because, unlike debt relief companies, law firms don’t abandon their clients when litigation commences. Law firms stand by their clients even in litigation and help enforce their rights. This ensures that people with debts and facing charges save as much money as possible.
Most law firms are local, unlike debt relief companies which are mostly national, meaning their prices are affordable. The objective of most local companies is to maintain a good relationship with the community. In contrast, national companies are always looking to make money.
Debt settlement companies usually don’t inform their clients that their debts continue growing once they stop making payments. Typically, the debt relief process takes at least two years, and during this period, accounts will incur fees and interests.