With the advent of credit cards, the debt settlements also grew.
As the number of people facing arrears problems increased, the number of companies offering the settlement has also grown.
There are various methods of settlements for people to choose from.
Among these, if people choose to go for a resolution, they should ponder whether to use an attorney based resolution model or a standard agreement method.
Let us discuss the two models one by one.
In the standard method, the settlement company consists of people who are expert in negotiating with the creditors.
Well most of the time these people turn out to be having good convincing skills but it is not always the case.
You will also find many companies who are no good at it but still they try to get some advantage out of it.
There are many companies which project themselves to be sound in the process of negotiating but actually they have no idea about how to comprise a favorable deal with the creditors.
This can be because of people entering the debt arrangement field who they think that they are good at marketing.
They sit across the phone and think that what it will take them to get a deal is better talking skills, which is actually not the case.
Now let us consider the attorney-based debt resolution model.
This model is quite similar to that of the standard model.
It differs in one respect though.
In this model, an attorney is the one who carries out the operations for the customer.
When it comes to discussing the making of an attorney, they have gone through proper professional training.
Their primary function is advising clients to get legal precedent for solution of their problems and they also represent their clients.
The plus point of the attorney based resolution model is that the attorneys have an experience in resolving problems on behalf of their clients.
They have a reputation associated with them and this reputation is put at stake if they do any harm to their clients.
Also their research experience is better as they spend hours in libraries or on internet studying about different cases available.
The procedural flow of the lawyer based model makes it a better choice.
Now many companies have started to get themselves associated with an attorney in order to gain competitive edge over the companies using the standard method for resolution.