WHAT CAN I DO IF MY CREDITORS BREAK COLLECTION RULES?​

In some circumstances, you have the right to file a lawsuit against a collector. We’ll be keeping track of your interactions with your creditors and analyzing any letters they send you. We have a connection with a debtor’s rights firm that will file an action on your behalf if the law has been broken.

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WHAT HAPPENS IF MY CREDITORS SUE ME?​

Make sure to send it to us right away if you get a summons or any other legal paperwork from one of your creditors. We have a working partnership with a law firm in every state that will take on your case and help with hurried negotiations.

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HOW DOES THE PROCESS OF DEBT RELIEF WORK?​

The debt analysis is completely free, private, and doesn’t have any obligations. There are no up-front costs associated with joining Wisdom, either. Only when the debt has been satisfied are there any fees due. Our rates typically range from 15% to 25%, though they can change from state to state. How can Done with Debt assist me with my debts? If you have debt from credit cards, department store cards, medical expenses, private student loans, payday loans, or business debts, check out options from Debt Solutions. These debts are referred to as unsecured debts.

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WHAT SHOULD I SAY TO A CALLING CREDITOR OR COLLECTION AGENCY?​

The most advisable approach involves informing your creditors that you prefer to receive all communication in written form, as your current financial difficulties prevent you from meeting your obligations. It’s important to note that there is no legal obligation mandating direct communication with your creditors. Should you be facing persistent calls from a collector, reach out to our account manager team, who will guide you through the most effective way to handle such situations.

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DO I HAVE A GOOD CHANCE OF RESOLVING MY DEBT?​

Debt settlement typically suits individuals with unsecured debt exceeding $7,500, who face challenges meeting credit card obligations or have exhausted their available credit. An ideal candidate is someone aiming for quicker debt resolution—preferably within one to four years—rather than the prolonged timeframe of 20 to 40 years through minimum payments. By minimizing monthly payments, debt settlement offers the potential to expedite debt clearance. For those grappling with financial difficulties and confronted with a debt load unmanageable within the next one to four years, debt settlement can offer a pathway to reducing monthly payments and achieving swifter debt relief.

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CAN I HANDLE MY CREDITORS ON MY OWN IN NEGOTIATIONS?​

There may be a small number of people who can execute the work correctly, but the majority don’t have the patience or the necessary experience. The risks of performing the task incorrectly typically outweigh any advantages you would anticipate from doing it yourself. Yes, you can cut your debt by an additional 18–25% by negotiating with your creditors on your own. (Our charge ranges from 15 to 25 percent of the total debt, depending on the client’s location and level of debt.) Our skilled team of negotiators at Done with Debt has years of expertise interacting with creditors and negotiating the finest settlements. Not everyone has the knowledge we possess or wants to have ongoing conversations with their creditors.