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Settle Debt With Brock and Scott PLLC

Sarah Edwards | May 30, 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: As intimidating as facing a debt collector can be, you have the resources to succeed. You can hire an attorney, use a debt settlement company, or approach Scott and Brock PLLC to request a settlement. SoloSuit provides the tools to communicate with collectors and resolve debt.

Settling one collection account is a step toward debt-freedom. However, the dream can feel too far away when your original creditor decides to pass your account to a law firm. There is the constant threat that the collector might sue you on a whim. The cost of hiring an attorney to represent you may also deter you. But don’t become too numb to act, leaving yourself vulnerable to lawsuits and garnishments.

To avoid the threat of a lawsuit, promptly communicate with the debt collector. Once you confirm that the debt belongs to you, consider whether you have enough money to pay it. If you are struggling and cannot afford the total amount, consider negotiating a settlement with Brock and Scott PLLC. Debt settlement allows you to close an account by paying less than you owe.

In this article, we’ll explain how you can settle debt with Brock and Scott PLLC. Let’s get right to it.

Settle debt with Brock & Scott PLLC

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

Settle with SoloSettle

What is Brock and Scott PLLC?

According to its website, Brock and Scott PLLC is a debt collection law firm headquartered in Winston Salem, North Carolina, with offices in 20 states. It provides legal services in the financial sector, real estate law, landlord-tenant default, and special assets resolution.

The law firm was established in 1997, so Brock and Scott PLLC has been in the finance and real estate law business for more than 25 years.

The Better Business Bureau gives Brock and Scott PLLC an A+ accreditation. Though the multi-service law firm specializes in creditors’ rights, consumers typically leave reviews on the BBB and other websites. For a firm that conducts collections, its reputation as a full-service law firm is stellar.

Brock and Scott PLLC reviews

Brock and Scott PLLC law firm has fewer negative reviews with the Better Business Bureau than most debt collectors, with only a few consumer complaints on its BBB profile. However, the Consumer Financial Protection Bureau reports nearly 200 complaints against Brock & Scott on its consumer complaint database.

How do you settle a debt with Brock and Scott PLLC?

Debt settlement is the next best option if you cannot afford full payment. Brock and Scott PLLC may let you pay less than you owe. However, this requires adequate preparation and decent negotiation skills. Some consumers have successfully represented themselves, while others prefer to use third parties for debt settlement negotiations and agreements.

If Brock and Scott PLLC is pursuing you for debt, you can settle the account in one of the following ways.

Sued by Brock & Scott? File an Answer.

You may hire an attorney.

Many consumers would feel more confident having an attorney represent them against a law firm. Engaging professional legal services is a good idea if you owe a substantial amount of money. The debt collection attorney you hire can assert your affirmative defenses against Brock and Scott PLLC. They could argue that the debt is too old to go to court or that the firm violated some of your rights.

If the debt is accurate, the lawyer can still represent you in negotiating a low settlement.

To determine whether hiring an attorney is worth the money, consider the debt amount and their fee. If the lawyer’s fees are more than the collector forgives you, retaining them may save you dealings with Brock and Scott PLLC, not money.

Example: Jasmine has a past-due account with a $1,975 debt. Brock and Scott PLLC agree to a 55% settlement. She needs to pay the debt collector $1,086.25 to close the account. If her attorney's fee is $1,200, her expenses exceed her initial debt. Worse yet, the account goes to credit reporting agencies as settled instead of paid in full, a remark on her credit report that can scare future lenders away..


Can debt settlement companies help?

Debt settlement or debt relief companies offer to negotiate debt with collections on behalf of consumers. Theoretically, they can change the contract terms to get you a cheaper deal. If their plan works, you can settle an account and move on. It is crucial to note that debt settlement companies do not provide legal services, so proceed carefully.

Most debt settlement companies convince lenders to settle by advising consumers to stop making payments. This tactic makes the debtor look like they are in severe financial trouble and may never pay. Creditors would then want to settle for fear that they may get nothing if they keep waiting.

The Consumer Financial Protection Bureau (CFPB) warns that working with debt settlement companies can be risky.

  • They charge a lot of money.
  • Their tactics may hurt your credit report.
  • They can get you deeper into debt if their plan does not succeed.
  • Not all creditors want to work with for-profit debt relief companies.
  • Many scammers are posing as legitimate debt settlement companies.

Given these risks, it is best to conduct due diligence before signing a contract with a debt relief company.

You can negotiate a settlement yourself.

Negotiating with debt collectors may seem tasking. First, you must make an offer. If Brock and Scott PLLC declines your first offer, you can revise it and renegotiate until you reach an agreement.

Often, a little confidence is all you need to do it yourself. The first step would be to review your finances because you need a convincing reason to settle a debt you should be paying in full. Next, contact Brock and Scott PLLC. Remember to keep written correspondence for proof if you later need it.

You can contact Brock and Scott PLLC headquarters in the following ways:

  • Name and Location: Brock and Scott PLLC Winston Salem, North Carolina
  • Website: brockandscott.com
  • Phone Number: 888-809-9181
  • Address: 1315 Westbrook Plaza Drive Ste 100, Winston Salem, NC 27103

Use SoloSettle to save money. SoloSettle has the technical tools necessary to help you make an offer, negotiate, pay off, and close the account without hiring an attorney.

Remember these important points when considering debt settlement:

  • Ensure the debt is yours. Validating every debt is crucial whenever a debt collector contacts you. Send a Debt Validation Letter requesting that Brock and Scott PLLC provide information on the debt or cease collections. Making even a single payment for an invalid debt can make it challenging to deny ownership in the future.
  • Be careful not to reactivate old debts. You can use the Status of Limitations to your advantage. A creditor may not sue you once a debt has passed a specific time without activity. However, if you make a single payment, you restart the clock, exposing yourself to lawsuits.

To learn more about how to negotiate debt settlement, we interviewed a consumer rights lawyer. Check out the following video for attorney tips on negotiating debt.

Debt collectors must adhere to the Fair Debt Collection Practices Act (FDCPA). Knowing your rights is essential, but Brock and Scott PLLC have a respected history of respecting consumer rights, whether dealing with financial sector debt, real estate default, or engaging other legal services.

You can settle debt with Brock and Scott PLLC. The simplest and cheapest way is to use SoloSettle.

Settle with SoloSettle

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