Business Debt and Personal Debt
Fairview Law is a Charlotte, North Carolina law firm that helps businesses and consumers when dealing with debt. Most debts can be negotiated for less than the claimed balance, or paid off over time.
Debt settlement is often a simple way to deal with a creditor seeking payment. Fairview Law will negotiate with creditors and debt collectors to seek a fair settlement for you personally or for your business.
Debt collection lawsuits often occur after an account has gone unpaid for a period of time. Under North Carolina court rules, you typically only have 30 days to respond, after which a court judgment can be obtained against you. Fairview Law handles collection lawsuits and will make collectors prove every element of their case.
Sometimes debts are collected by original creditors, such as vendors, credit card companies, and banks. Other times, these accounts are sold to companies called “debt buyers,” which are a type of debt collector that purchase and collect debt, although they don’t issue credit in the first place.
Businesses have fewer protections than consumers, but are nevertheless protected under laws against things like harassment, stalking, assault, and trespassing.
For consumers, the North Carolina Debt Collection Practices Act (NCDCPA) has a wide array of protections against unfair and harassing debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) also prohibits debt collectors from engaging in abusive debt collection tactics. The penalty for violating these laws is up to $4,000 under the North Carolina debt-collection law, and up to $1,000 under the FDCPA.
Unlike many law firms, our solutions do not involve filing for bankruptcy. Our firm has been able to settle hundreds of cases. In many instances, we have been able to get debt-collection lawsuits dismissed outright.
Whether the debt is just in collections, or has been referred to a debt-collection law firm, we’d be glad to talk to you.