Erase Your Debt & End Collection Calls for Good

There’s no shame in seeking a debt-free life.

You don’t have to sacrifice everything to get on your feet. We aim to help you retain as much of your assets as possible to continue building wealth for future generations. With help from our Twin Cities debt relief firm, you can achieve financial freedom today.

Eraser Law Helps You

  • End collection calls
  • File legal documents
  • Clear your credit report
  • Get your money back from garnished wages
  • Choose the debt relief plan right for you

What We Bring to the Table

  • No upfront costs
  • A client-driven approach to debt relief
  • Extensive knowledge of state and federal debt relief laws
  • 15+ years of legal experience
  • Steady advocacy during stressful times

Minnesota Debt Relief: What You Need to Know

We’ve seen it all, and we can help.

There are many preconceived notions regarding debt relief. However, when you struggle to make ends meet and are burdened by massive debts, exploring your debt relief options may be in your best interests.

Is Debt Relief Right for You?

Debt relief options in Minnesota could be a good fit for you if:

  • You have judgments against you served on unpaid or outstanding debts
  • You are unable to pay your existing credit card debts or other debts
  • Debt collectors are harassing you
  • Debt collectors are attempting to collect old debts that occurred following the expiration of the statute of limitations
  • There are inaccuracies on your credit report or score
  • You have begun receiving robocalls on your phone
  • You are a victim of identity theft

There are a variety of debts that you may be able to find relief for, such as:

  • Medical debts
  • Student loan debts
  • Credit card debt
  • Auto loan debts
  • Commercial debts
  • Debts from personal loans

Types of Debt

Some types of debt are more challenging to resolve than others. You might be a good candidate for debt relief if you have secured debts, unsecured debts, student loans, or business debts.

Secured Debt

Secured debts require a borrower to use assets as collateral for a loan. Some more common types of secured debts include auto loans and mortgages.

If a borrower defaults on a mortgage or auto loan, the lender has the authority to repossess the property in question and sell it, as the borrower does not own the property. Lenders will then use the funds raised from the seizure of the property to cover the borrower’s outstanding debt.

Secured loans are considered less risky to lenders and more accessible for consumers. In many debt relief cases, borrowers worry they’ll have to forfeit their property to erase their debt. However, this may not always be the case.

Unsecured Debt

Unsecured debts do not require borrowers to have collateral. Some common types of unsecured debt include credit card debts, retail installment contracts, and unpaid medical debt. Personal loans are also considered unsecured debts.

Lenders will determine whether to issue a borrower an unsecured debt based on their credit worthiness. The amount the borrower must pay in interest will be based on their credit score. The lower the credit score, the higher the interest rate.

Student Loans

Student debt is one of the most common types of debt. The cost of exorbitant college tuition fees has put millions of students across the United States in debt. Student loans cover tuition and fees, textbooks, housing, and other educational expenses.

Due to ever-increasing education costs, it is more and more challenging for students to obtain the education and job experience they need to cover their outstanding student loan debt.

Business Debt

Non-consumer debts, also called business debts, are any types of debts an LLC or business takes on. In small businesses, there’s confusion regarding which kinds of debt are considered consumer debt and non-consumer debt.

We’ll Create a Debt Relief Plan That Suits You

There is no one size fits all approach to debt relief. However, there are options available that can help you. These include:

Debt Consolidation

Debt consolidation allows borrowers to acquire loans at lower interest rates than their credit card or another lender may charge.

While consolidating your debt can make monthly payments more affordable, you must have a good credit score, be able to pay your loan off regularly, and be prepared for higher interest rates.


Many debtors struggle to consider bankruptcy as a viable option. However, bankruptcy can be one of the most promising ways for borrowers to regain control of their financial status.

Although all your qualifying debts can be cleared, you can expect a considerable drop in your credit score over the next ten years as you attempt to rebuild your credit. This could make it difficult for you to obtain an auto loan, mortgage, or another line of credit in the future.

Debt Settlement

Debt settlement agreements allow borrowers to pay less than their outstanding balance. A debt collector may offer a borrower the opportunity to make a one-time, lump-sum payment that is less than the total amount owed.

In this way, debt collectors can recoup a portion of their losses as opposed to nothing. Although this allows you to pay your outstanding debts, it impacts your credit for a minimum of seven years.

You Need Legal Support for Debt Relief​

Debt relief companies can often be sketchy at best and are privy to come in scams. Some of the more common problems associated with debt relief companies include:

  • Overwhelming You with Payments – Debt relief companies will often tell you that you do not need to continue making payments on your accounts, as they will step in and handle them on your behalf. However, when these payments start coming in altogether, debt collectors may begin demanding payment.
  • High Fees That Don’t Go Toward Debts – Only up to 20% of the money you deposit into your debt collector’s account goes toward your outstanding debt.
  • Accumulating Fees and Interest – While you do not make payments on your accounts, the interest will continue accumulating, putting you in further debt.
  • Further Damage to Your Credit Report – When there is collection activity, lenders have the authority to report your missed payments to any of the three credit reporting bureaus. The longer you remain in debt, the more significantly your credit score will be damaged.
  • Risk of Legal Action – When some outstanding payments or debts remain unresolved, some creditors may have the authority to file a lawsuit against you.

Red Flags of a Debt Relief Scam

There are also multiple signs of a debt relief scam to look out for, including:

  • Claims that the company can increase your credit score
  • Promises to negotiate your debt or settle with your creditor at a reduced repayment option
  • Claims that the company can get your interest rates reduced
  • Promises to work with the credit bureaus to get negative information removed from your credit report
  • Claims that they can get your student loan debt erased

These scammers will often take a high upfront fee while failing to take action to help the borrower cure their debt.

Is Debt Relief Right for You?

You may be a good candidate for debt relief in Minnesota if you have a considerable amount of secured or unsecured debt like business debt, student loan debt, or any other type of debt, making it difficult for you to continue supporting yourself and your family.

How Debt Relief Benefits You

When you achieve debt relief, you will no longer need to feel the burden of financial distress. Whether you consolidate your debt, declare bankruptcy, or obtain a debt settlement, the benefits of debt relief are undeniable.

Some of the most common benefits reported by debtors include:

  • Removing unsecured debts
  • Avoiding potential wage garnishment
  • Obtaining an automatic stay
  • Helping you formulate a plan of repayment
  • Assisting you with financial guidance and counseling so you can achieve future wealth

How Much is This Going to Cost?

Covering the cost of a debt relief attorney is much different from the cost you would pay to a debt settlement company.

You Shouldn’t Have to Pay Upfront Fees

Debt settlement companies require an upfront fee and regular monthly payments. Your attorney will meet with you for free to discuss the details of your case and then discuss a potential hourly rate for services based on the circumstances of your case. However, a debt relief attorney should never request out of pocket or upfront expenses.

Filing a Claim Against Your Debt Collector

If you have been harassed or a debt collector has violated state or federal debt collection laws, your attorney may be able to help you file a claim against them.

If this is an option for your case, your attorney could work with you on contingency. This means you would not be expected to cover any attorney’s fees unless or until we win your case against the lender.

A Debt Collector Might Have to Pay Your Attorney’s Fees

What’s more, the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA) require debt collectors who have violated the law to pay their victim’s attorney’s fees, which means your fees won’t come out of the compensation you are awarded.

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I never hesitate...

… to refer colleagues and friends to Chad’s services, as he offers a robust depth of knowledge and natural “bedside manner” — a combination rarely seen among attorneys.

Alex Thiele ★ ★ ★ ★ ★