How to Get Out of Debt with the Help of a Debt Settlement Lawyer

If you are struggling with debt, it may be in your best interest to contact a debt settlement lawyer. This individual will specialize in helping people reduce or possibly eliminate their debts altogether.

Just thinking about that should put you in the right frame of mind, because getting rid of your debt in its entirety will lift a huge burden off your shoulders. You’ll finally be able to get your financial life back in order if your debt has been spiraling out of control.

But why hire a debt settlement lawyer?

For starters, these experts know how to negotiate on your behalf. So, they’ll be able to get you a much better deal than you’d be able to get if you try to settle your debts on your own. Creditors do not like dealing with their customers in this regard, so you’ll have a tough time breaking down their barriers to get them to negotiate with you.

Are you wondering how to use a debt settlement lawyer to get out a debt? There are two ways that we are going to share with you below.

Use Debt Settlement Lawyers When You Have Significant Debt

It will come as no shock to you that your debt settlement lawyer isn’t going to work for you for free. As a matter of fact, they certainly want to get paid for their services and they deserve to do so, so they charge anywhere from $500-$1000 for debt settlement help.

So, it obviously makes sense to have a significant amount of debt if you’re going to hire a debt settlement lawyer. If you are only $2000 in debt, and you’re going to have to pay your lawyer $1000 to negotiate on your behalf, it just doesn’t seem to be worth it in our opinion.

On the other hand, if you are $10,000, $20,000, or more in debt, then it’s certainly worth it to contact a debt settlement lawyer to negotiate on your behalf. He or she will earn their fee and then some if they can negotiate these debts down to a manageable level or get rid of them entirely.

Hire a Debt Settlement Lawyer When You Have Unsecured Debt

If you need the assistance of a debt settlement lawyer, your best bet is to use them when you have unsecured loans.

According to, a website that teaches readers how to find an inexpensive debt settlement lawyer, “Your debt settlement attorney or counselor contacts your creditors to close your accounts and offer them a portion of what you owe.”

Specifically, we have two types of debt. The first is secured debt and the second is unsecured debt. If your debt is secured, it is connected to a home loan or a car loan. You have to pay these debts otherwise the property is going to get confiscated through repossession or foreclosure.

On the other hand, unsecured debt is things like student loans, back taxes, medical bills, credit cards, and child support.

While creditors will pursue their payments doggedly and aggressively, it is possible to negotiate with them to get them to lower the amount of money that you owe.

So, with secured debt, you have to do everything that you can to come up with the payment because it’s going to be nearly impossible to negotiate since you actually own property in the form of a house or car that is worth the value of the debt.

With unsecured debt, there is some wiggle room and the right negotiator will be able to get the creditors to lower the amount that you owe or maybe even eliminate the debt in its entirety.

As you can see, a debt settlement lawyer is a great idea in certain circumstances. If you feel like you can benefit from their help, contact one at your earliest convenience.

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