Debt Settlement Experts California

Pros and cons of Debt settlement and how a lawyer can help you

Debt settlement is helpful for those who are in distress over unpaid debts and who have for whatever circumstances behind their schedules of debt payments. Debt settlement is an alternative option for those who do not favor bankruptcy and can help you legally get rid of your monetary burdens.

Why opt for Debt Settlement? 

Debt settlement is basically negotiating your debt with your creditor and come to a mutual consent on paying an amount usually much lesser than the actual amount due. This negotiation is most often best done through a debt settlement attorney who can negotiate on your behalf.

It must be remembered that Debt settlement works only for unsecured loans or debts without collateral. Debts that have collateral are usually settled by selling off the property or car that is mortgaged and be given towards the settling of the debt. The amount negotiated in debt settlement usually has to be paid in one lump sum within a few days of making the agreement, with your debt settlement attorney.  

Advantages of Debt Settlement  

Debt settlement is helpful in clear off your debt and resolves an issue for you besides saving you from harassment of creditors, it is also an opportunity to straighten up your financial records and organize your spending according to your earnings. It is much better to settle debt rather than ignoring it and adding to the financial burden you are already in.

Problems of Debt Settlement 

While sometimes debt settlement can have a negative impact on your credit score, it is far better to have resolved debt issues and live a life of peace rather than worry about a bad credit score! For those who are afraid of the affects of debt settlement on their credit score, they might opt for bankruptcy too.

How can a Debt Settlement attorney help you? 

You can use a debt settlement company or a lawyer to settle your debts as well. A debt settlement attorney might sometimes seem like an added expenditure, but if you look at the advantages, they far outweigh the cons.  Your Debt Settlement attorneycontacts the creditors on your behalf and this will help all kinds of harassment that you might go through for collection calls. The lawyer will negotiate the settlements on your behalf and get you a good deal.


While settling for a debt settlement attorney, do a bit of a research and see how they can help you. The lawyer must have handled similar cases in the past and should be able to gain your confidence about settling your debt. The debt settlement attorney will guide you in the paperwork necessary too and handle all the queries of the creditors as well negotiate a good settlement so that you are assured that you have no more debts to be paid. A good attorney will also guide you with basic techniques and tips that could help you re arrange your financial aspects in the future and avoid such debts.


At Shah Peerally Law firm, Shah Peerally who is an experienced debt settlement attorney, will guide you in the easiest way to settle your debts and lead a hassle free life. Give us a call at 1-510-742-5887 OR email us at-  regarding any queries that you might have.