The first letter sent to you by McCarthy Burgess & Wolff takes you by surprise. Several follow up phone calls later, you are shaken to the point of wondering how to handle the relentless debt collection agency. Should you ignore the communications?
Should you formerly dispute the alleged outstanding debt by sending the third party debt collector a certified letter? Has the statute of limitations expired on the debt in question?
Answering the numerous questions requires the legal expertise of a licensed consumer protection lawyer. Your lawyer not only will help you make the right decisions, he or she might recommend you settle the credit card or personal loan balance for pennies on the dollar.
With legal representation in your corner, you level the playing field with McCarthy Burgess & Wolff.
More Reasons for Hiring an Experienced Consumer Protection Lawyer
After reviewing all the information pertaining to the delinquent debt, your lawyer can help you draft a compelling debt settlement letter that allows you to pay much less than the full account balance, plus late fees and interest charges.
Your attorney will examine your financial records to come up with a figure McCarthy Burgess & Wolff will accept, as well as know exactly when to send the debt settlement letter.
You should time the sending of the letter after receiving the initial debt settlement proposal presented by the debt collection agency.
You also want an attorney who thoroughly understands the landmark Fair Debt Collection Practices Act (FDCPA). The FDCPA grants consumers several legal protections against unethical debt collection techniques. Bill collectors are not allowed to use deception in attempts to persuade consumers to take care of outstanding credit card and personal loan accounts.
Did you know third party debt collectors can call consumers only between the hours of 8am and 9pm? Any calls you receive outside of the time limitation is considered a violation of the FDCPA, which can trigger a lawsuit filed in civil court by your attorney.
Actual Debt Settlement Letter
The debt settlement letter sent to McCarthy Burgess & Wolff should follow a template created by your FDCPA lawyer. At the top of the letterhead, the debt collection agency should be able to easily find your name contact information, as well as the account number of the outstanding credit card or personal loan account.
The letter should contain neutral language that does not draw the ire of the third party debt collector. Emotionally charged language might motivate McCarthy Burgess & Wolff to come after you with more purpose to collect an outstanding debt.
The key to writing a compelling debt settlement letter involves coming up with a dollar amount that both you and a bill collector will accept. Rest assured a representative from McCarthy Burgess & Wolff, will perform an exhaustive investigation into your financial background.
Your lawyer will also know how much you can afford to pay for settling a delinquent debt. Make sure never to send money to a third party debt collector until the company returns your debt settlement letter signed and dated.
Crafting an effective debt settlement letter requires the legal expertise of an accomplished consumer protection lawyer. Speak with a FDCPA attorney to learn more about how to settle a debt with McCarthy Burgess & Wolff.
*Disclaimer: The content of this article serves only to provide information and should not be constructed as legal advice. If you file a claim against McCarthy Burgess & Wolff or any other third-party collection agency, you may not be entitled to any compensation.