Even if Eltman Law is representing a client that has a judgment against you, we want to treat you like a human being. Our law firm employs an in-house Consumer Advocate whose job is to represent your best interests as we proceed with you. Here are some of the ways our consumer advocate can help you:
Know Your Rights & Protections
There are a number of consumer protection laws that apply to you and your dealings with debt collectors. The laws regarding consumer debt collection are covered in the FDCPA, FCRA, and TCPA. Of course, you may not have the time or patience to read through lengthy legal documents.
Our consumer advocate can help. He has represented consumers being harassed by debt collectors, and he explain how these laws apply specifically to you and your case. You will find your dealings with debt collectors much less stressful when you know your rights and protections.
Set Up a Payment Plan
In most monetary judgment cases, the amount owed is too high for the consumer to pay all at once. However, state governments require that creditors’ and their attorneys enforce a mandated annual interest rate on judgment balances.
Unfortunately for consumers, this means that interest continues to accrue when the balance is too high to pay off. We can help. We regularly work with consumers to develop a reasonable payment plan that fits within their budget and freezes the interest on the judgment balance.
Reduce Your Existing Payment Plan
Payment plans are not set in stone. There’s nothing wrong with being optimistic about how much you can afford to pay, and we know that life happens. If you feel you are at risk of falling behind on your payment plan, please reach out to the consumer advocate. He will review your payment plan and update it to work with your new budget. He might even give you some budgeting tips if you ask nicely!
Temporarily Postpone Your Payments (Deferment)
If a specific economic emergency has made it hard for you continue making your monthly payments, you should reach out to the consumer advocate right away. He can review your case and may allow you to temporarily defer your payments without gaining any additional interest.
If you default on your payments without requesting a deferment, we will be required by the state to resume charging interest. We want to work with you so you don’t have to pay additional interest.
Permanent Hardship Relief
If you feel that an economic hardship has made it impossible to pay the balance due on your judgment, you may qualify for hardship relief. The consumer advocate reviews all hardship relief cases on a one-by-one basis, and you can apply for hardship relief here.
Restore Your Financial Standing
Debt affects consumers in many different ways, and it unfortunately makes life harder for a number of consumers. Unfortunately, there are several alternative financial institutions that prey on people in need of financial recovery by charging unfair fees. The consumer advocate wants to help point you in the right direction before it’s too late.
We understand that resolving your account with us is just one of many steps on your road to financial recovery, and we want to make sure you get back on your feet. You can use many resources in order to settle all of your debt, restore your credit, and be able to enjoy the money you work so hard to earn.