Law Offices of Collins & Lamore: Protecting Your Rights in Debt Negotiation

If the Law Offices of Collins & Lamore have contacted you regarding a debt, itโ€™s important to understand your legal options. Below, we explore how to negotiate a reduced settlement with a debt collection law firm and what to do if a debt collector sues you for the wrong amount.


๐Ÿ’ผ How to Negotiate a Reduced Settlement with a Debt Collection Law Firm

๐Ÿ’ก Assess Your Financial Situation โ€“ Before negotiating, review your income, expenses, and debt obligations. Having a realistic settlement offer in mind will strengthen your position.

๐Ÿ“ž Communicate in Writing โ€“ Always request settlement terms in writing to avoid verbal misunderstandings. This also ensures the firm cannot change the agreed-upon terms later.

๐Ÿ’ฐ Start with a Lower Offer โ€“ Debt collection law firms typically purchase debt for much less than the original balance. Start your offer at 30-40% of the total amount to leave room for negotiation.

โš–๏ธ Know Your Legal Protections โ€“ Debt collectors cannot misrepresent the amount owed or threaten unlawful actions. If you suspect misconduct, check what debt collectors are legally allowed to do.

๐Ÿ“ Get the Agreement in Writing โ€“ If you reach a settlement, request a written agreement confirming:

If you need help with negotiations, learn how to fight a collection agency to protect your rights.


โš ๏ธ What to Do If a Debt Collector Sues You for the Wrong Amount

๐Ÿ•ต๏ธ Demand Proof of the Debt โ€“ If a law firm sues you for an incorrect amount, request a full breakdown of the charges, including:

โš ๏ธ Identify Overcharges or Errors โ€“ Debt collection law firms sometimes add extra fees or incorrect interest calculations. Cross-check the claim against your records to dispute any inaccuracies.

๐Ÿ“† Respond to the Lawsuit on Time โ€“ Ignoring a debt lawsuit can lead to a default judgment, allowing the firm to garnish wages or seize assets. Learn what to do if sued by a collection agency.

๐Ÿšจ Challenge Expired Debts โ€“ If the statute of limitations has passed, the firm cannot legally sue you. Check how many years a debt collector can pursue you to see if you can have the case dismissed.


๐Ÿ“ Contact Information for Law Offices of Collins & Lamore


๐Ÿ“ž Protect Your Rights with Professional Legal Assistance

If youโ€™re struggling with aggressive debt collection tactics, Consumer Rights Law Firm PLLC is here to help. Call 877-700-5790 or contact us now for a free case review.

Disclaimer: This content is for informational purposes only and does not constitute legal advice.