I’ve had many clients, and potential clients, ask me about debt reduction and negotiation. Unfortunately, I don’t practice in this area, so I can’t offer any legal advice at all.
However, I found a terrific book where the author details his own negotiation over several outstanding loans and credit cards, and how he saved over $130,000 in the process. The author reduced his own credit card debt from over $200,000 to just $15,000 in about a year and saved over $130,000 by talking directly to his banks without using an agency.
If you are interested in this area, I highly recommend this book: