Solve your debt in 5 days or less!

situation by settling the debt with the creditor. It is our 
experience that the average consumer will settle a debt for 
about 75 cents on the dollar. It is also our experience that 
a professional negotiator will settle an average debt for 
about 60 cents on the dollar including their fee. There is 
rarely a good reason to attempt your own debt settlement. 
Creditors will not take you half as seriously as they will 
take your attorney. 
Handled properly, you will save time and money by seeking a 
good attorney to negotiate with your creditors. If you need 
debt settlement assistance, call Lexington Law Firm at 
800-653-9529 for very low cost debt settlement. You will be 
money ahead if you get the right help.  
Understanding the True Risks and Realities of Overdue Debts
Most consumers overestimate the risk involved with overdue 
debts. They worry about possible repercussions such as wage 
garnishment and property seizure by their creditors. When 
the debt relates to a secured property, such as an 
automobile or a home, the possibility of repossession is 
quite serious, but unsecured debts, such as credit cards and 
deficiencies are much less pressing. In fact, very few 
creditors will push all the way to a garnishment on a 
relatively small unsecured debt. Garnishment and seizure are 
a creditor's most terrifying weapons used to collect past 
due debt, but they are expensive and time-consuming. 
Even if the creditor went all the way to recover the debt, 
they probably wouldn't be able to recover enough to offset 
their collection costs. Therefore, there is very little risk 
of a creditor taking an unsecured debt past simple 
collections. It is important to remember, however, that the 
creditor would be in his rights to get a garnishment and 
seize property, even for a small debt. There is some risk of 
financial reprisals when a debt goes unpaid. Many consumers 
fold under the perceived strain of unpaid debts. Hundreds of 
bankruptcies take place in the United States each week for 
amounts under $5000.  
These consumers are so intimidated by their creditors, that 
they flee to bankruptcy, even though bankruptcy can bring 
total financial devastation for at least the next ten years. 
If these same consumers had simply waited, and ignored the 
threatening letters and telephone calls, they would have 
realized that their creditors were all bark and no bite. 
Bankruptcy is the best option for some few consumers, but it 
is much overused. And, when a consumer files for bankruptcy, 
everyone loses - especially the creditors. The risks of 
judgments, garnishments, and property seizures must be 
properly balanced against the likelihood that such drastic 
collection measures will ever happen. The risk, and the 
decision to take that risk, are entirely yours if you're in 
such a position.  
Which Debts Can Be Settled? An unsecured debt is a debt 
where their is no collateral. Unsecured debts include 
medical bills, credit cards, department store cards, 
personal loans, collection accounts, student loans, amounts 
remaining after foreclosure or repossession, and bounced 
checks. Most unsecured debts can be settled. But, utility 
companies generally wont settle for less than the full 
balance. There are some few creditors who will never 
compromise, but most will take a less-than-full payment as 
settlement in full to close a troublesome account. Secured, 
collateralized debts, such as a home or automobile, are 
another story.  
If the creditor can simple repossess the property, why 
should he negotiate? You can often renegotiate a short 
payment relief with a secured debt, but don't attempt to 
settle the account while you still possess the property. 
Also, the creditor must have a good reason to want to 
settle. If the account is paid current, and there is no 
recent history of late payment, it will be difficult to 
convince the creditor that it is in their best interest to 
settle. This should not be read as are commendation that you 
stop paying your bills that are current. If you stop paying 
your current bills, you will almost certainly make your 
credit situation worse. Perhaps bad credit is not an issue 
for you at this point and you feel you musts top paying your 
bills in order to settle them and get back on top of your 
debt load. If this is the case, you make such a decision at 
your own risk.  
Getting the Upper Hand As time passes, the creditors will 
likely stop calling and the debt will be filed away for 
future attention. The longer the debt remains uncollected, 
the better your chances will be of getting a good 
settlement. Eventually, the creditor will consider the bad 
debt a loss in order to receive a corporate tax write-off. 
This does not mean that you don't owe the debt. The 
corporation may then collect on the debt themselves, sell or 
assign the debt to a collection agency, press for a judgment 
and garnishment, or temporarily ignore the debt. The course 
of action chosen by the creditor will vary widely between 
corporations and debts. In our experience, the consumer 
rarely has sufficient funds to repay a debt in full when a 
creditor demands payment. In many cases, much of the debt 
represents interest and penalties accrued while the consumer 
was unable to pay. It will be in the best interests of both 
parties if a reasonable arrangement for settlement can be 
reached. However, you cannot expect to reach an affordable 
settlement if the creditor thinks he has the upper hand. If, 
for example, you tell a creditor that you really need to get 
this debt settled to get into your dream home, you can 
forget any kind of settlement.  
The creditor will insist on the full balance. It will be in 
your best interest if the creditor believes that you have 
very little money and you are teetering on the edge of 
bankruptcy. The attorney who handles your settlements should 
approach each creditor as though this is their last chance 
to compromise, and get something out of your debt, before 
you declare bankruptcy and they get nothing. Also remember 
that time is on your side. Never look too eager to settle. 
Take plenty of time to reach an agreement. Don't accept the 
first, or even second, settlement offer. Make sure that they 
are the ones calling you to push the deal forward. You have