Quote:
Originally Posted by Tyrone Slothrop
If you hire a lawyer who specializes in (fighting) debt collection, is he adding value in litigation that suit, or in understanding what buttons to push to drive a settlement, or both, or something else?
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In my experience, some of the lawyers who defend that stuff got kicked out of the fake personal injury case law firms. On the other hand some will know "Amex takes 55% so don't offer 56%."
Be advised if you settle for less than full value I think it still stays on your credit as a chargeoff.
All of this info comes from my pre-law career as in-house credit & collections for a credit card company so not sure if the law has changed in 25 years.
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