People do not want a mountain of debt they cannot pay back, but bankruptcy should always be considered a last option. If you've gotten to the point where you cannot make your minimum monthly payments and are seriously considering bankruptcy, Oak View Law Group offers a debt settlement service that earns our TopTenREVIEWS Bronze Award.
The concept behind Oak View Law Group doesn't differ much in principal than the rest of the services on our side-by-side comparison. This company sets up a special account that you deposit a monthly payment into, and then it begins settlement negotiation with your creditors to accept less money than what you owe. When they reach an agreement, the monies deposited in the special account are paid to your creditors and the debt is settled.
If you're already drowning in debt, the prospect of shelling out more money for an attorney is probably out of reach. When you sign up with Oak View Law Group, you will be paired with an attorney who will personally walk you through the settlement process. Having a competent attorney in your corner is a very comforting thing in a time of great stress. You can rest assured that your attorney knows the laws and will work within them to get you the best negotiation outcome possible.
Oak View offers a wide range of services, including bankruptcy, debt management and debt consolidation. This means that its staffers are better able to offer an opinion about your various options that is based on a wide knowledgebase and not just motivated by profit seeking.
Virtually all debt negotiation firms will advise you to stop paying your monthly payments for the accounts they are trying to settle. If this sounds scary to you, it should. Stopping payments makes creditors mad. It will not have a pleasant effect on your credit scores. Try to avoid doing it for as long as possible.
However, we cannot fault Oak View for advising its clients to do this. It is the crux of the settlement process. If you wanted, or could, qualify for debt management or debt consolidation, that would most likely be your best option.
As you work through this process and begin paying a monthly fee to Oak View, it is fair to expect them to handle all of the time-consuming and unpleasant tasks associated with settling a debt for less than its original amount. The company will take as many of the collection calls as possible, although some creditors will still try to contact you directly.
Oak View customers can access all of their specific information online at any time. That really adds to this service's ease of use. Whenever you have a couple of minutes, you can check in on your progress toward being debt free.
Reputation is really everything in this field. Debt negotiation firms are subjected to a guilty-until-proven-innocent model of public perception. That is because there are so many corrupt companies whose employees tell consumers to stop paying their creditors and start paying the settlement firm instead.
Oak View Law Group has earned a reputation for taking action and getting results for its clients, and for handling complaints ethically. Oak View is a member of the International Association of Professional Debt Arbitrators, which offers specialized training to employees of member companies. Additional affiliations, including several related to online privacy protection, lend a feeling of safety to working with this company.
Oak View Law Group's customer support apparatus is available most times of the day. It's not quite 24-hour service, but representatives are available on weeknights and parts of the weekend. You can connect to them by phone, email and live chat. Live chat is the best way to get a hold of someone when you need an answer immediately.
With so little to like about debt settlement companies by their very nature, it was refreshing to interact with Oak View Law Group. Hiring someone to negotiate a debt settlement rather than paying them is risky business, but we like this company's reputation for results and overall vibe.
Oak View Law Group knows the law and plays by the rules.
The only way that Oak View Law Group can have leverage over your creditors is if you are behind on your payments. If you are current, there's little they can do for you.
We like Oak View Law Group because it has a solid service with a good track record and customer service that is available most hours.