Transforming the Debt Resolution Firm

Season 2: Episode #5

Transforming the Debt Resolution Firm

Guest Name: Leslie H. Tayne

About the Guest: Rounder and managing director of Tayne Law Group PC and Author of Life & Debt

Debt relief attorney and author of Life & Debt, Leslie H. Tayne, shares her personal journey through law school and into her attempts to recreate the debt settlement industry. Join her and host, Todd Christensen, to learn about how debt resolution firms work, who they work for, who they don’t work for, how to choose a legitimate company or attorney, as well as the realistic and potential consequences of resolving your debts this way.

Leslie’s journey to becoming an attorney practicing debt resolution on behalf of consumers
The lack of discussion of student loan debt and credit card debt in law school
Wanting to change the face of the debt settlement world
Challenges confronting consumers seeking debt relief
An overview of debt settlement as compared to other debt consolidation options
No one debt relief option exists for all consumers
Whether a consumer is an ideal debt settlement client depends on the type of debt, the consumer’s willingness to settle, the consumer’s expectations, and even the consumer’s professional background
Types of debt included and excluded from settlement
Ads, definitive statements, and promises that should serve as red flags of scams or unscrupulous businesses
Debt settlement has many ramifications, from legal, credit, accounting, tax, and personal issues to homeownership and financial issues
Credit as a concern surrounding debt settlement
Consequences of working with the wrong debt settlement company
Credit scores may bounce back even during the debt resolution process
Debt settlement can relieve stress and reduce expenses