McCarthy Law PLC started in 2010, and is headquartered in Scottsdale, Arizona. The local law firm of attorneys specializes in debt relief. Customers can also come to the company for credit card debt assistance, credit report errors, and mortgage debt help.
The company has over 90 locations across the U.S., and believes that financial matters are best discussed in person with a licensed attorney. McCarthy Law claims to defend its customers against creditors. Those who are interested can learn more about each lawyer on the company’s website.
McCarthy Law is not AFCC, or IAPDA accredited. It is unclear if the company is FTC compliant, and the website does not provide any information on fees.
- Legal representation
- Customers do not have to communicate with creditors
- Available in 31 states
Debt Settlement Process
Customers will first have their current financial situation reviewed and analyzed by a debt settlement attorney. From there, the company will quote a reasonable flat fee up-front based on the amount of debt owed. The law firm will let one’s creditors know that a debt settlement attorney will now represent their client. Lastly, a plan on how much money the customer will set aside is created. Customers do not have to talk with their creditors throughout the process, since McCarthy Law will negotiate on behalf of its clients.
Free consultations are standard for the industry. Those who are interested can request a free and non-obligatory case evaluation with a debt settlement attorney. A free savings analysis is also available.
McCarthy Law started out in 2010, and now has over 91 offices. The company has multiple offices in each state it does business in, 31 states in total (See below for specific states).
Team Of Lawyers
The company claims that its experienced lawyers can negotiate better settlements for their clients. McCarthy Law represents its clients being sued by their creditors to recover a debt; the lawyers can also still settle the debt on good terms. McCarthy lawyers require meeting with their clients face to face, to get a better understanding of with whom they’re working with.
- Lacking transparency
- Not accredited
- High minimum debt requirement
No Pricing Information
McCarthy Law’s website does not provide any pricing or cost information. It would be helpful to know what percent of the total enrolled or saved debt the company charges, especially for people exploring different debt settlement programs.
The company is not IAPDA, or AFCC accredited.
States Not Serviced
While the company does have a wide range of U.S. locations, services are not available in all 50 states.
Minimum Debt Requirement
In order to qualify for the debt settlement program, customers must have at least $10,000 in unsecured debt. This is higher than the average in the industry.
Frequently Asked Questions
How Much Does McCarthy Law PLC Cost?
The debt relief company charges consumers a flat fee once a debt has been fully resolved, typically within 6-36 months. No information is provided on the corporate website on what that amount may be. According to the company, a free quote will be provided to the consumer during the initial free consultation.
Can I get a free consultation?
Yes. A licensed debt attorney will review an interested consumer’s overall financial situation and help create a customized savings plan, as well as providing a free quote on debt settlement services it offers.
What Types of Debt Does McCarthy Law PLC Work With?
McCarthy Law assists interested consumers with mortgage, credit card, student loan, medical debt, and more. Full details on the types of debts accepted are provided on the company’s website.
Minimum Debt Accepted
The minimum accepted amount required for a debt settlement program is typically $10,000.
About McCarthy Law
McCarthy Law offers a variety of debt relief services, including: bankruptcy, commercial loan workouts, debt management plans, debt settlement, mortgage debt reduction, and a debt consolidation program. For people who feel like they are drowning in debt, and are having trouble making the minimum monthly payment, debt settlement is an option to look into. With debt settlement programs, companies will negotiate with one’s creditors to settle and resolve the debt.
McCarthy Law is licensed to help with Debt Relief in the following states:
- New Jersey
- New Mexico
- New York
- North Carolina
- Rhode Island
- South Carolina