Settle Debt With Love Beal and Nixon: 2024 Guide

Love, Beal, & Nixon, P.C. is a collection law firm. They collect past-due debts for their clients. These debts include credit cards, personal loans, and medical bills.

You may not recall the debt they contact you about. They typically handle old accounts. By this time, interest and late fees have accumulated. The balance may be several times the original debt.

Respond to Love Beal and Nixon Before the Deadline

Don't let Love Beal and Nixon get a default judgment against you. Our partner Solo helps you respond to their lawsuit and negotiate a settlement for less than you owe.

Answer the Lawsuit

Many consumers panic when they see the alleged debt amount. Don’t ignore their calls and letters. Ignoring communication can lead to lawsuits and wage garnishments.

You can negotiate for less than the amount owed. The collection law firm may accept a settlement. They want to skip lengthy litigation and court costs. If they agree to settle, the debt disappears. You can focus on rebuilding your credit.

Can You Settle Debt With Love Beal and Nixon?

Yes, you can settle the debt at any stage. You can negotiate even after a lawsuit is filed.

Save Money to Make an Offer

Being late on an account means you accrue interest. Late fees add to the principal amount. The more payments you miss, the deeper you sink.

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

Buy yourself time by requesting debt validation. By law, the firm must verify every debt before seeking payment. Send a Debt Validation Letter. Our partner Solo can help you respond properly to their collection attempts.

The letter gives you time to analyze your finances. It also allows you to request proper documentation. They must prove ownership of the account.

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

Make an Offer to Settle

When you’re ready to make an offer, write a debt settlement letter. Request that the firm consider your offer. Use written communication throughout the process.

Written records maintain what was offered and agreed upon. It makes it hard for a debt collection firm to backpedal. They can’t deny accepting an offer.

Your first offer doesn’t need to be your highest amount. It needs to be sensible for the firm to take you seriously. You leave room to negotiate upward if they reject it. Promise only what you can pay. Avoid defaulting on the settlement.

Many consumers fear the negotiation stage. Even first-time defaulters can successfully negotiate. Our partner Solo makes it less intimidating with professional tools.

TIP: State your case and why you can’t pay in full. Appeal to empathy by acknowledging your failed obligations. Show willingness to do your best.

You can contact Love Beal and Nixon to start negotiating:

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

Get the Agreement in Writing

If you agree on a settlement amount, draft a Debt Settlement Agreement. Both parties must sign it. You will have legally binding proof if they deny the agreement.

Pay the agreed amount on time. Otherwise, the debt collector will revert to the original debt amount. That is usually a condition of the agreement.

Can You Settle Debt After Receiving Garnishment Notice?

Wage garnishment is among the top customer complaints about Love Beal and Nixon. Consumer reviews average one out of five stars on their Better Business Bureau profile. The firm is not BBB accredited.

A debt collector can only take money from your paycheck with a court order. Responding to lawsuits is your first defense against garnishment. Assert affirmative defenses in your Answer.

If you don’t respond or miss court hearings, no one argues on your behalf. The plaintiff will likely receive a default judgment. They get everything they asked for in the initial Complaint.

Try to Settle After Garnishment Occurs

Creditors are typically less motivated to accept a settlement after judgment. They have the court’s backing to collect. However, it’s still worth trying.

They may be willing to settle if you have limited funds. They may also negotiate if they have to wait behind multiple garnishments.

If settling doesn’t work, you have the following options:

Challenge the garnishment: If you weren’t properly served court papers, you may stop garnishment. You may need to hire an attorney. Love Beal and Nixon is an established law firm specializing in collections.
File for exemptions: Every state protects some of your income from debt collectors. Oklahoma provides exemptions for Social Security benefits, workers’ compensation, and retirement benefits. The garnishment amount cannot exceed 25% of disposable income. It also can’t exceed the amount by which your disposable income exceeds 30 times the federal minimum wage per week.
Bankruptcy: Filing for bankruptcy is a last resort. It puts an instant stay on judgments and debt collections. You gain time to recover financially. However, you must consider the negative consequences. You need to qualify to file. You can speak with a bankruptcy attorney for free to explore your options.

What Happens If You Ignore Love Beal and Nixon?

Ignoring Love Beal and Nixon is a bad idea. The firm is banking on non-response to get a default judgment. Respond promptly whenever they contact you.

Document all communication with the firm. Keep copies of letters and notes from phone calls. Written records protect you if disputes arise later.

If you receive a lawsuit summons, take it seriously. You typically have 20 to 30 days to respond. Missing the deadline hands them a default judgment.

How to Protect Yourself During Debt Collection

Know your rights under the Fair Debt Collection Practices Act. Debt collectors can’t harass you or use deceptive practices. They can’t call you at unreasonable hours.

Request debt validation within 30 days of first contact. The collector must provide proof of the debt. They must stop collection efforts until they verify it.

Never give debt collectors direct access to your bank account. Don’t provide banking information over the phone. Pay only through methods you can document and control.

Consider professional help if you’re overwhelmed. Our partner Solo specializes in helping consumers respond to debt collectors and negotiate settlements.

Frequently Asked Questions

What is Love Beal and Nixon P.C.?

Love, Beal, & Nixon, P.C. is a collection law firm based in Oklahoma City. They collect past-due debts including credit cards, personal loans, and medical bills on behalf of creditors. They typically handle old accounts where interest and late fees have significantly increased the original balance.

How do I settle debt with Love Beal and Nixon?

First, request debt validation to buy time and verify they own the debt. Save money for a lump sum offer, then send a written settlement proposal for less than the full amount. Negotiate back and forth until you reach an agreement, then get the settlement terms in writing before making any payment.

Can I stop wage garnishment from Love Beal and Nixon?

You can try to negotiate a settlement even after garnishment starts, though they're less motivated once they have a judgment. You can also challenge improper service, file for state exemptions that protect portions of your income, or consider bankruptcy as a last resort to stop all collection activities.

What happens if I ignore Love Beal and Nixon?

Ignoring Love Beal and Nixon can lead to a lawsuit and default judgment against you. Once they have a judgment, they can garnish your wages or bank account. Always respond to their communications within the deadline to protect your rights and avoid automatic judgments.

How much will Love Beal and Nixon settle for?

Settlement amounts vary based on the age of the debt, your financial situation, and their client's willingness to negotiate. Many debt collectors will accept 40% to 60% of the balance in a lump sum payment. Start with a lower offer to leave room for negotiation upward.

How to Settle Debt With Love Beal and Nixon (2024 Guide)