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How to Settle Debt With Love Beal and Nixon

Sarah Edwards | May 31, 2024

Dena Standley
Legal Expert, Paralegal
Dena Standley, BA

Dena Standley is a seasoned paralegal with more than 20 years of experience in legal research and writing, having received a certification as a Legal Assistant/Paralegal from Southern Technical College.

Edited by Hannah Locklear

Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: Love, Beal, and Nixon may be more willing to settle debt outside court than you think. To succeed, you must not ignore communication from the firm. Respond to collection letters and calls with a Debt Validation Letter. If they verify the debt, review your finances and consider making a settlement offer. Use SoloSuit to negotiate.

Love, Beal, & Nixon, P.C. is a collection law firm collecting past-due debts for its clients. These debts include consumer credit, such as credit cards, personal loans, and medical bills. You may not recall the debt the firm contacts you about because they typically handle old accounts. By this time, the interest and late fees may have accumulated to several times the original debt.

Many consumers go into panic mode when they see the alleged debt amount. Despite the shock, it is best not to ignore any debt collector’s calls and letters. Ignoring their communication can lead to lawsuits and wage or bank account garnishments.

You can always negotiate for less than the amount owed. The debt collection law firm may accept a settlement to skip the lengthy litigation and court costs. If they agree to settle the account, the debt will disappear, and you can focus on rebuilding your credit. Below is how to approach Love, Beal, and Nixon.

Settle debt with Love Beal and Nixon

You can negotiate debt settlement at any stage of the collections process. SoloSettle makes it easy.

Settle with SoloSettle

Is it possible to settle debt with Love Beal and Nixon?

Yes. You can settle the debt at any stage—even after a lawsuit is filed but before the court makes a decision.

Save up money to make an offer

Being late on an account means you will accrue interest and late fees in addition to the principal amount. The more payments you miss, the deeper you sink into debt.

You must make a reasonable offer for Love, Beal, and Nixon P.C. to forgive part of the debt. Often, you may need to save up for a while to have enough money for a lump sum payment. You may need to cut down on some unnecessary expenses to reach your goal fast.

Buy yourself some time by asking Love Beal and Nixon to validate the debt. By law, the firm should verify every debt before they seek payment. However, insist on further proof by mailing a Debt Validation Letter. This letter not only gives you time to analyze your finances but also allows you to request proper documentation to prove ownership of the account.

Should the firm file a lawsuit, you should file an Answer with the court within the deadline. Love Beal and Nixon can get a default judgment and permission to take money from your paycheck or bank account.

Make an offer to settle with Love Beal and Nixon

When you are ready to make an offer, write a debt settlement letter requesting that the firm consider your offer. Use written communication and continue to use written communication throughout the process. It helps maintain a record of what was offered and agreed upon, making it hard for a debt collection firm to backpedal once they’ve accepted an offer.

Your first offer does not need to be the highest amount you can afford, but it needs to be sensible for the firm to take you seriously. That leaves room for you to negotiate upward if they reject your first offer. Remember to promise what you can pay to avoid defaulting on the settlement.

Many consumers fear the negotiation stage, but you can do it. Even first-time defaulters can use SoloSettle to make it less intimidating.

TIP: Feel free to state your case and why you cannot afford to pay in full. Appeal to empathy by acknowledging your failed obligations and willingness to do your best.

You can contact Love Beal and Nixon at the following to start negotiating a debt settlement:

  • Location: 6621 N. Meridian Oklahoma City, OK 73116
  • Mailing address: P.O. Box 32738. Oklahoma City, OK 73123
  • Phone: 405-720-0565

Always get the agreement in writing.

If you agree on a settlement amount after negotiations, draft a Debt Settlement Agreement for both parties to sign. This way, you will have legally binding information if Love, Beal, and Nixon deny any such agreement.

Be sure to pay the agreed amount in time. Otherwise, the debt collector will revert to the original debt amount if that is a condition of the agreement. Here’s an example of a settlement agreement:

Can I settle a debt after receiving notice of garnishment?

Wage garnishment is among the top customer complaints on Love Beal and Nixon's Better Business Bureau (BBB) profile. Consumer reviews average one out of five stars, and the firm is not BBB accredited. Following a monetary judgment, most customers are seeking answers on how to beat Love Beal and Nixon.

A debt collector can only start taking money from your paycheck with a court order. Responding to lawsuits and asserting affirmative defenses is your first defense against a garnishment. If you do not respond or you miss court hearings, no one will argue on your behalf, and the plaintiff will likely receive a default judgment, giving them everything they asked for in the initial Complaint.

Explore ways to prevent and stop wage garnishment with SoloSuit.

You can try to settle after garnishment occurs

Creditors are typically less motivated to accept a settlement when they have a money judgment. Remember, they have the court's backing to collect. However, it is still worth a try. They may be willing to settle if the debtor does not have enough money in their bank account or if they have to wait in line because of multiple garnishments.

If settling the debt does not work, you may have the following options.

  • Challenge the garnishment: If you were not properly served the court papers, you may be able to stop the garnishment. You may need to hire an attorney for this, as Love Beal and Nixon is an established law firm specializing in debt collection.

  • File for exemptions: Every state has laws that protect some of your income from debt collectors. Oklahoma, for example, provides exemptions and protections to Social Security benefits, workers' compensation, and retirement benefits. In addition, the amount they garnish cannot exceed 25%, or the amount by which a consumer's disposable income exceeds 30 times the federal minimum wage per week.

  • Bankruptcy: Filing for bankruptcy is a last resort. It would put an instant stay on any judgments and debt collections, allowing you time to recover financially. However, you must consider the negative consequences if you qualify to file.

Respond promptly whenever Love Beal and Nixon contact you to collect a debt. Ignoring debt collection lawsuits is a bad idea because the firm is banking on it to convince the court to grant a default judgment. Instead, offer to settle the debt with SoloSettle.

Settle with SoloSettle

Make an Offer

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