The Mossler Law Firm


Below are some answers to some frequently-asked questions.

What does "debt settlement" mean?

The term "debt settlement" means negotiating with a creditor to reduce the amount of a delinquent debt down to a lower amount that the debtor can then pay in order to fully satisfy (or pay off) the debt. The primary benefits of this strategy are to help you become debt free sooner, pay your debts on terms structured to your specific budget, avoid bankruptcy, and pay less than you would by making the minimum monthly payments.

When will the negotiation process start?

Once the second deposit is paid, your funds will begin to accumulate in your Settlement Deposit Account; as your money grows, settlement offers are submitted to your creditors. Therefore, "starting negotiations" is completely dependent on the available funds in your Settlement Deposit Account.

I have debt collectors calling me continuously; can your law firm stop these phone calls?

Fortunately, consumer protection laws in most states are very strong. Once third-party debt collectors are notified that our law firm represents you, they are prohibited from making any further contact with you, by phone or mail - they must speak with our law firm only. In the event any creditors violate the law and continue contacting you, our legal team stands ready to protect your legal rights. This may include seeking compensation from debt collectors who violate your rights.

Can your firm stop interest, fees, and/or penalties or freeze my account balances?

No. Whether or not these additional charges can be added to your account is determined by the agreement you signed with each of your creditors. If the agreement allows for these additional charges, then we cannot prevent creditors from assessing them. Of course, if your creditors continue adding these charges, then your account balances will keep growing until we are able to negotiate settlements.

But remember, even if you were able to continue making the minimum monthly payments, these charges would be added.

What types of debts can be included?

We are able to resolve any unsecured debt, meaning credit cards, medical bills, etc. Debts that are secured by property, such as mortgages, car loans, or purchase contracts cannot be included. We also cannot service IRS obligations or government-backed student loans.

What will happen to my credit rating?

Look, we'd love to be able to tell you your credit will be unaffected or improved, but we simply cannot. Our law firm's services are not intended to fix bad credit. Rather, our primary mission is to protect consumers from undue harassment from debt collectors, and to help consumers get out of debt without resorting to bankruptcy.

In the short-term, your credit rating will most likely reflect that you are not current on your debt payment. Creditors are obligated, by law, to accurately report credit information. The good news is that as your debts are settled and paid, the amount of your indebtedness will go down, and that will have a positive impact on your rating. Also, don't forget the big picture. You are soon going to be debt-free, so all of the money you used to spend toward your debts, you can devote to savings and to paying cash for the things you and your family need.

Will my creditors sue me for not paying them?

The short answer is, maybe. No one can promise you that you will not be sued, and no one ever wants to be sued. However, there is simply no possible way to prevent a creditor from taking some action they are legally entitled to take.

Perhaps the better question is, "What happens if I get sued?" The answer to that is more certain. Remember, ours is a law firm; we have a highly skilled legal team that includes a national network of attorneys in almost every state in the country. If you are sued, we can help you. We can represent you in the litigation, and defend your legal rights. With The Mossler Law Firm, you are not alone.