credit card debt

Yup but the debt management company will not help you if you are sued...nor will they continue to service the debt.

I believe the OP is talking about you know "law offices" ;) not actual collection lawyers.

What is the name of this alleged law office to which your account has been handed over to?

Try to work it out yourself... debt management sucks and they will take your money and you can still end up being sued, especially if it's with a CA ("law office").

It depends what you consider "Debt Management". If you're thinking Credit Counseling, then know they won't be much help in your situation.

Credit Counseling is designed for when you're accounts are not yet charged off.

If you're thinking "Debt Management" in the sense of Debt Settlement, then yes, it generally can be negotiated.

However, the key to successfully settling your debts is to do it quickly. Long-term debt settlement isn't a very reliable approach.

Quote:

To you and I they do. I was clarifying to make sure the original poster understood the difference.

Also, Credit Counseling is incredibly unreliable when accounts are with a third party, since it requires the cooperation from the collection agency or attorney and small monthly payments aren't appealing to them.

I agree^... CAs are not interested in hearing "the client's settlement account will have the funds in 14 months"

I was referring to small payments via a debt management plan, but you're right.

In fact, that's why so many people that participate in a long-term debt settlement program get sued.

The collectors realize that they're not the only account and that they may have to wait for potentially 3 or 4 years to be settled.

A common strategy that the collection agencies employ is to sue the consumer so they become the priority and are settled with more soon.

This is one of the main reasons why long-term debt settlement plans have such low success rates.