Using a law firm, we provide several unique advantages over a regular settlement company. In many states, settlement companies are being legislated out of existence. The practice of law is not regulated in the same manner. In a general sense, we operate in just the opposite manner of major collection law firms that operate in all 50 states.

Another key benefit aside from avoidance of certain regulatory restrictions that the law office setup provides is a air of credibility in negotiations with certain creditors. Several creditors have established in-house policy and procedure that dictates zero settlements with settlement companies. However, this policy does not apply to law firms and we are able to save clients significant amounts of money with these creditors.

Using a law firm we also have the ability to provide attorney hardship letters for clients at no additional cost to client. These letters are extremely useful in reducing the settlement percentage with creditors. In fact, several creditors and collection agencies require a attorney letter to settle below their guidelines.

• Your are retaining an attorney to handle the negotiating of their debts.
• Many creditors will not deal with anyone but their attorney.
• As attorneys we deal with the creditors legal departments, bypassing the $12 per hour collection agents whose job it is to get as much as they can. Most often negotiating better settlements than any non-attorney program.
• According to the Fair Debt Collection Protections Act, only an attorney can stop collection calls. The firm immediately sends out cease and desist orders certified mail to all collection agencies and creditors.
• Only an attorney can challenge the validity of a debt. Debts that may be unfair or improperly applied will be challenged and possibly dropped.
• For clients that cannot afford monthly payments we can extend the term to fit within your budget.
• Clients in collections or enduring the threat of judgments are represented already by an attorney who will handle it for you.
• The contract is a legal retainer, not a baseless contract from a non-attorney company.
• Giving you 'Peace of mind' that you're in good hands.

Preferred Financial Solutions negotiation process has been tested and developed over years of experience by our team of professionals in the field of finance and credit card debt. Our professionals are highly skilled in each of their fields of expertise.

Through the established relationships that we have with the creditors and financial institutions, we are able to successfully negotiate the debts of our clients at a substantial discount. Creditors are willing to negotiate a debt with Preferred Financial Solutions, on behalf of our clients, with the understanding that the settled amount will be paid in a timely manner.

Furthermore, creditors are always looking to avoid the ineffective and costly efforts of an outside collection company. Preferred Financial Solutions continues to develop our relationships with creditors throughout the country, and we always maintain a very professional and cooperative relationship with the creditors in order to reach the most favorable settlement offers for our clients. We work directly, and 100% for you.

Debt settlement is a legitimate way of solving your problem without the need for bankruptcy. Our representatives work each case individually to determine your eligibility, and then, if you qualify, they will establish a program that allows repayment of the debt through affordable monthly payments while ultimately saving your credit. This approach reduces your debt vs.consolidation options. Our approach assists you by reducing the time to repay the debt and by lowering the total amount you owe.

For more information, complete our brief  information form to contact us. A Preferred Financial Solutions representative will contact you to discuss how to get started today.