Premier Legal Team at Creditor Law Group Nullifies More Than $1 Billion of Debt
PHILADELPHIA, PA, March 05, 2024 (GLOBE NEWSWIRE) -- In light of the COVID-19 pandemic government support packages, debts were the least of Americans' concerns. However, with the discontinuation of stimulus payments and the significant rise in interest rates after 15 years of near-zero levels, debt anxiety has resurfaced. Many U.S. households are beset by the weight of mounting debt, a concern Creditor Law Group has been ardently addressing to provide relief for its clients. The firm takes pride in conversing that its dedication and proficiency have led to the cancellation of over $1 billion in debt, bringing much-needed relief to numerous individuals and families.
“Creditor Law Group was established for the purpose of defending consumers nationwide against debt collectors, ensuring that every person gets the support they need in case they face a lawsuit from a creditor,” the company notes. “The fact that our services are in such great demand clearly indicates that Americans are struggling to manage their debt. According to the most recent quarterly report from the Federal Reserve Bank of New York, U.S. household debt increased by 1.3% to $17.29 trillion in the third quarter of 2023, with credit card debt accounting for $1.08 trillion of the total and setting a new record. Given this heavy burden on Americans, we are immensely proud of our debt invalidation work.”
As the nation’s indebtedness keeps growing, so does the popularity of various debt relief options, one of them being debt invalidation. This is a process that involves challenging the validity of a consumer's debt with the goal of proving that it is unenforceable or invalid. If the challenge is successful, the consumer will not have to pay the debt. However, this process is complex and may take quite a while, so the best way to achieve a positive outcome is to work with a lawyer who specializes in this area.
“One common method to invalidate debt is to challenge the validity of the related documentation. During reviews of the relevant paperwork, we have often found that important information is either missing or incomplete. Sometimes, a creditor may lack the proper documentation to prove that the debt is valid,” Creditor Law Group explains. “In certain cases, debt invalidation can be based on violations of consumer protection laws, as when a creditor engages in unfair or deceptive practices. Typical violations include harassment by debt collectors, misrepresentation of the amount owed, or unauthorized charges. Our team has the necessary expertise to ensure that if any grounds for invalidation exist, we will identify them and pursue the case relentlessly.”
Headquartered in Philadelphia, PA, Creditor Law Group specializes in defending consumers who face lawsuits related to credit card, medical, or other debt. The company’s experienced attorneys provide assistance to individuals in or out of court, helping them find the best solution to their debt-related problems and regain their financial freedom. Consumers who are being sued by a creditor or have had their wages garnished rely on Creditor Law Group to settle any legal disputes and identify the best path forward.
Creditor Law Group: https://clglaw.com
Creditor Law Group on bbb.org: https://www.bbb.org/us/pa/philadelphia/profile/bankruptcy-attorney/creditor-law-group-0241-236079396
Creditor Law Group Fights Creditors over Wrongful Collection Practices: https://finance.yahoo.com/news/creditor-law-group-fights-creditors-032300839.html
CONTACT: David Glanzberg Creditor Law Group 1515 Market Street Suite 1200 Philadelphia PA 19102 https://www.clglaw.com service@clglaw.com (800) 216-7211
