Posts tagged ‘credit card debt’


Jan 2012


Winn and Sims APC aka Winn Law Group Review

Author : admin

Company: Winn & Sims APC


110 East Wilshire Avenue, Suite 212
Fullerton, California 92832

U.S Phone Numbers:
Phone: 714-446-6686
Fax: 714-446-6686

Head Collection Attorneys:
Brian N. Winn, Lawyer, CA Bar #86779
Ralph L. Sims, Lawyer, CA Bar #83880

ATTN: This news will be very helpful for you if you are being pursued by the above collection law firm and/or need debt settlement California assistance.

Winn & Sims APC (Winn and Sims), a.k.a. Winn Law Group, is a professional law corporation in the city of Fullerton, California. Admitted with the State Bar of California and active to practice law in the state of California (BAR license number: 86779), Winn and Simms is a general attorney specializing as a civil litigation attorney for creditors. They collect credit card debt and other types of unsecured debt settlement California accounts.

The company is privately held and is under the business category of attorneys and lawyers. They opened for business and incorporated in California in 1992. Recent reports indicate that Winn & Sims Law Group earns a yearly revenue of $3,700,000 and employes 30 employees. The company is an expert in Credit Union Law, FDCPA compliance, Claims and Deliveries, Commercial and Consumer collections, Financial Litigation, Creditors Rights in Bankruptcy, and Defense Litigation.

In layman terms, Winn and Sims is a debt collection law firm. Original creditors normally hire them a third-party collection agency that they outsourced to failed to collect an unpaid debt. If you reside in California and have received a collection notice from Winn Law Group, it may be a mini-Miranda demand for payment. Being that such notice comes in the form of a law firm letterhead can be very intimidating. However, the intent of their notice is to get you to repay a debt or to get a debt settlement California negotiation.

The real threat to be concerned about is receiving a Winn Law Group summons and complaint. This is a lawsuit issued by a collection law firm to a debtor to legally enforce collection of a debt for a creditor. Note: Creditor lawsuits normally happen after a debtor has ignored one or more demands for payment from a collection attorney and are generally filed to effect debt settlements or legally collect on unsecured debts ranging from $4,000 to $12,000 in value.

If Winn & Sims serves you a lawsuit, their objective is to pressure you to reach an immediate debt settlement or debt repayment. Otherwise, the intent is to take you to court and win a judgment against you. If you fail to show up to your court date, the court can also award a default judgment favoring the creditor. From there, the collection attorney can proceed by getting a garnishment order on your wages, or a lien on your home.

Unlike a lot of debt collectors, few collection issues or debt settlements complaints have been registered against Winn & Sims APC. According to a report found in January, 2012 at the website of the BBB of the Los Angeles, Orange, Riverside, and San Bernardino Counties of Southern California, in a 3 year period, 19 complaints were filed against Winn & Sims. Mostly all were for billing/collection issues.

At the Bud Hibbs website (, between 2007 and 2010, several people reported unfair debt collection practices complaints against the law firm. The website also warns that, “Winn and Sims may be attempting to collect on debts that are likely bogus, time barred by statutes, which cannot meet legal verification requirements.”

Beyond the courtroom, debt settlement California is one solution that you can consider if the above law firm is attempting to collect on your credit card debt. Trying this approach can certainly help you avoid judgment or wage garnishment issues with creditors.

To learn how debt settlements work, you can call a Debt Free League debt counselor at 1-800-213-9968 for free assistance. On the other hand, if this or any collection attorney has committed a Fair Debt Collection Practices violation, you may also contact the following:

* California Attorney General
* Federal Trade Commission
* State Bar of California (415.538.2000 /

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By Vic Chevalier

Being delinquent on credit card debts is no laughing matter. The endless annoying collection calls, torturous threat of lawsuits, and fear of bankruptcy can create many sleepless nights. But, a debt negotiation agreement can take away a lot troubles. The following statistics explain why so many people are opting for a credit card debt settlement letter via this superior form of debt elimination:

● Many consumers and small business owners live unconsciously enslaved to their revolving debts;
● “About 51 percent of the U.S. has at least two credit cards” according to Experian;
● “Americans pay each year approximately $20.5 billion in card fees alone”, declares industry consultant. R.K. Hammer;
● “Credit cards are the most common source of financing for the small business community”, states the National Small Business Association.

Fortunately, a debt negotiation agreement can get you out of the monstrous debt trap. It also beats credit counseling, which only reduces interest rates. In contrast, a good debt negotiation can drastically reduce your credit card balances. There is magical ingredient. The remarkable debt relief is based on real numbers and averages as you’re about to see…

When Credit Card Companies Lose Billions – You Win!

Each year, well over one million bankruptcies strip billions of dollars in profits from credit card companies like Chase, Capital One, and Discover. Additionally, each quarter banks charge off about $20 billion in outstanding credit card balances.

Capitalizing on the above deficiencies, a debt negotiation agreement helps creditors recover funds they might lose if you declare bankruptcy or stop meeting your financial obligations. They can also collect more money than having to pay as much as a 40% commission to a collection agency. And what it means for you is ultimate peace of mind! No more debts. No more bills. And no more need to file bankruptcy.

Next, we will discuss the mechanics between the debt negotiation agreement and the credit card debt settlement letter…

The Debt Negotiation Agreement

The debt negotiation agreement is basically an accord between you and the credit card company to reduce a delinquent balance. This reduction permits you to pay less than the full amount of the debt as “payment in full.” For example, if you owe a $12,000 balance, they may accept $6,000 as a full payment.

The debt negotiation agreement initially manifests from a verbal negotiation or debt arbitration. The fruit from the negotiation is a written settlement offer from the creditor known as the “credit card debt settlement letter.”

The Credit Card Debt Settlement Letter

The credit card debt settlement letter is commonly referred to as the “settlement offer.” This settlement letter is a written confirmation from the creditor addressing the terms of the finalized settlement. To reap the rewards of their settlement offer, you must remit full payment of the settlement.

A word of caution: If you fail to pay the settlement by the date specified on the settlement letter, the credit card company will void the settlement offer and demand immediate payment of the original balance. Thus, to avoid sabotaging a good settlement arrangement, you must clearly follow the payment instructions on the settlement letter.

(Note: You can Google some great examples of debt settlement letters.

Keep Records of the Settlement Letter for Your Protection

It is important that you retain a copy of the credit card debt settlement letter with proof of the settlement. This way, if in the future the creditor or any collection agency claims that you still owe the debt, which happens regularly, you can show them proof that the debt was paid.

Another reason for keeping copies of these records is that the credit card company must contact the credit report bureaus so that they indicate on your credit reports the debt was settled and brought to a “zero” balance. If you find that this information is not on your credit report after sixty days from the date of the settlement, you should immediately mail certified proof of the settlement to the credit report bureaus to have the issue corrected.

The Term Settlement Letter

Now, let’s examine another type of letter, the term settlement letter. In lieu of a lump sum settlement, the credit card company may accept a “term settlement.” This would produce a term settlement letter, which helps you extend the debt repayment period.

A term settlement allows more time to pay off the balance, but it also generally weakens the settlement offer. For example, on a $5,000 card balance, the credit card company may agree to spread the debt repayment to two to six months. However, instead of asking for a lump sum $2,000 settlement (40% of the balance), they may ask for $3,000 (60% of the balance).

Another issue is that you must ensure to make every scheduled payment on the term settlement letter. Otherwise, if you miss a payment, the settlement offer will be off the table and you will need to repay the entire outstanding balance.

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