Law Offices of Collins & Lamore: Protecting Your Rights in Debt Negotiation
If the Law Offices of Collins & Lamore have contacted you regarding a debt, itโs 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.
๐ผ How to Negotiate a Reduced Settlement with a Debt Collection Law Firm
๐ก 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.
๐ 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.
๐ฐ 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.
โ๏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.
๐ Get the Agreement in Writing โ If you reach a settlement, request a written agreement confirming:
- The settlement amount and payment terms
- That the remaining balance will be forgiven
- How the debt will be reported on your credit
If you need help with negotiations, learn how to fight a collection agency to protect your rights.
โ ๏ธ What to Do If a Debt Collector Sues You for the Wrong Amount
๐ต๏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:
- The original debt amount
- All interest, fees, and penalties
- Proof of debt ownership
โ ๏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.
๐ 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.
๐จ 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.
๐ Contact Information for Law Offices of Collins & Lamore
- Address: 7777 Center Avenue, Suite 207, Huntington Beach, CA 92647
- Phone: (714) 890-9800
- BBB Profile: Law Offices of Collins & Lamore
๐ Protect Your Rights with Professional Legal Assistance
If youโre 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.