Thursday, October 8, 2009

Company Sets a New Debt Settlement Benchmark

Bay View Law Group Settles Client Debt Well Below the Industry Average Four Months in a Row

San Diego, CA (PRWEB) October 8, 2009 -- Bay View Law Group, P.C. a California law firm providing debt resolution services of consumer bankruptcy and bankruptcy alternatives such as debt settlement and debt management, announces that they have been able to successfully negotiate down their client's debts with creditors for settlement well below the 40% industry average over a period of four months in a row. The average settlement offer negotiated for their clients over the last four months was approximately 32%.

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In the month of September, consumers who were represented by the Bay View Law Group for debt settlement services paid their creditors an average of 32.49% of the original debt owed, which means that on an average Bay View settled client debts for approximately a third of the amount owed to creditors. To illustrate, if a consumer owed $15,000 in debt, Bay View Law Group negotiated on their behalf to reach a settlement agreement of only $4,873.50, saving the client approximately $10,126.50.

Since creditors change tactics and policies very often, these results may vary, but Bay View Law Group has shown the ability to maintain an average settlement percentage below a widely advertised industry standard goal of 40%. Bay View Law Group's monthly debt settlement average figures for the last four months have varied between 25%-36% which showcases that they are working diligently to get their clients out of debt as quickly and efficiently as possible. Their highly qualified negotiators work very hard to get their clients the best possible settlement available.

"Our main goal is to get our clients out of debt for the lowest percentage possible, while giving them peace of mind," says Veronica Sanchez, one of the lead negotiators at Bay View Law Group.

Two recently published academic studies discovered that debt settlement presents the greatest consumer welfare of any debt-relief approach; describing it as a part of the healing process to get an agonized average household back on sound financial footing.

For more information about the debt resolution options offered by Bay View Law Group, P.C. or to get more in-depth information about how Bay View can help individuals reach their goals of debt relief, visit the newly redesigned http://www.bayviewlaw.com or call 888-300-8884 to speak with a qualified debt resolution counselor.

About Bay View Law Group:
Bay View Law Group, P.C. is a law firm practicing in California with attorneys throughout the United States. The firm's experienced attorneys are committed to helping clients regain control of their financial situation through bankruptcy or debt settlement negotiations. The firm's managing attorney, Jose Angel Trejo, has an impressive pedigree with two undergraduate degrees from Stanford University and a Law Degree from UCLA. To each case, Bay View Law Group, P.C. brings its collective knowledge and understanding of the credit debt industry and how the creditor's bottom line determines the likelihood of a satisfactory debt negotiation agreement. Bay View is also a proud member of United States Organizations of Bankruptcy Alternatives (U.S.O.B.A.) and the U.S. Chamber of Commerce.

Safe Harbor Statement:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Bay View Law Group, P.C. operations, markets, products and prices, and other factors.

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Posted by prolink at 12:45 AM

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