CT Credit Card Debt Attorney Discusses Settling a Debt for Less Than You Owe

As a CT Credit Card Debt Attorney, I often am asked by my clients: “should I settle a debt when I get an offer from my credit card issuer or from a debt collector”? I advise clients that it really depends on what the offer is and what the circumstances are. Generally speaking, the further on you get in the debt collection process often the better offer you can obtain. In some circumstances it’s beneficial to let the debt go into collections and/or litigations in order to get the best settlement in connection with a defaulted debt.

Do you have a debt that you can no longer pay and you would like to settle? Contact dedicated CT Credit Card Debt Attorney Eric Foster for experience you can trust.

About the author

Lindh Foster, LLC

Connecticut Business Lawyer & Debtors Rights Attorney, Eric Foster of Lindh Foster, LLC, has been practicing law for over 25 years in Connecticut, New York and Hong Kong, China. As a Connecticut Business Lawyer, Eric Foster’s legal practice currently centers around representing small businesses and entrepreneurs, in selecting their business structure, forming their businesses, and managing their business transactions. As a former attorney at the Federal Reserve Bank of New York where he focused on the regulation of banks’ lending activities, Attorney Foster is also a passionate consumer advocate and a member of the National Association of Consumer Advocates (NACA). As a Debtor Rights Attorney, Attorney Foster enjoys advocating for and representing consumer debtors in connection with credit card, student loan and other debts they allegedly owe creditors and debt collectors.

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