2/7/2024 Update: We have heard of clients that have had challenges reaching Level One Law. We have spoken with 2 people that are also contacting Global Holdings (potentially the escrow account that Level One Law uses) directly potentially at (877) 271-1550 to get their money back, but haven’t seen success yet. We will plan to continue to provide updates when we have them.

1/29/2024 Update: Level One Law was mentioned as a potential facade law firm indicated in the CFPB lawsuit for deceptive debt relief practices.

On 1/29/2024, I shot and uploaded to learn more about this law firm.

My name is Ben, and I have spent the last 5 years helping people understand the differences in options to help them eliminate debt cheaper, easier, and faster. I have uncovered debt consolidation scams. I was also one of the first to write an article covering the unfortunate Litigation Practice Group bankruptcy have spoken with countless people negatively affected by it.

I created “Your Debt Relief Pal” to help protect you from any debt company that may have deceptive marketing and provide you with realistic estimates of your options for debt freedom. If you got the mailer or signed up, can you consider texting me at 408-809-6573? I am constantly trying to learn more information.

I am going to ask that you read through this entire article. I know it’s long, but I am here to help you get out of debt cheaper, easier, and faster.

Next, let’s look at Level One Law.

What is Level One Law?

Did you receive a Loyal Lending mailer that pre-qualified you for a 3.89% interest debt consolidation loan? After applying, were you denied for the loan, but qualified for a debt consolidation program with Level One Law?

Some of our most interesting finds are actually from the reviews themselves, so we will dive into those after the history and cost.

I recently spoke with someone we will call John.

He stated that he got the Loyal Lending Mailer, and that he did not qualify for the debt consolidation loan, but working with someone, he was able to qualify for the Level One Law debt consolidation program.

As a refresher, a debt consolidation program is also often known as debt settlement. This is different from a debt consolidation loan, which involves receiving funds in your bank account. If you are searching for a debt consolidation loan, there are three companies that we recommend that only perform a soft credit check and do not charge prepayment penalties. Keep in mind that it may be helpful to compare rates from multiple sources to get the best deal. If you are unable to qualify for a debt consolidation loan, debt settlement may be an option to consider.

Debt settlement involves a third party negotiating and settling your debts on your behalf with the goal of finding a lower payment that will fully satisfy the debt you owe. For example, a debt settlement company may try to settle a $10,000 credit card balance for $5,000, potentially saving you money and lowering your monthly payment. However, it’s important to note that debt settlement may not be the best option for everyone.

Check Your Rate and Compare Options!

You may be looking for a debt consolidation loan, but do you qualify? Is your credit score good enough? Is your debt-to-income ratio or credit utilization good enough?

I helped build this free consolidation loan and other options calculator to help you compare your rates across multiple debt consolidation lenders and your options to other options if you cannot qualify for a loan. It’s specific to your financial information, so if you have $10,000 in debt, it will provide an estimate of your situation.

You can then check your rate, which will NOT affect your credit score.

Level One Law History

Unlike Loyal Lending, I was able to find the Level One Law’s BBB page. I could not find the company in the Florida business registry, but I was able to find Michel Law, LLC in the business directory, which is the alternate business name for Level One Law per BBB. I also found the attorney’s profile in the Florida bar directly.

That said, it does appear the website per ICANN was only created in April, 2022.

In addition, I couldn’t find any previous Level One Law screenshots from Wayback machine, but that may just mean that the website is new.

Has Your Credit Been Negatively Affected? What Are Alternatives?

You joined a debt consolidation program, and now you may have been sued for unpaid debt and your credit score may have plummeted. So, what are alternatives to debt consolidation? We built a free debt consolidation alternatives calculator below that compares cost, duration, and pros and cons of key debt consolidation alternatives so feel free to check it out.

From John, LevelOne appeared to be charging him a monthly fee, and then a fee based on the percentage of debt. It’s worth noting that debt settlement can be less expensive than your current debt payments, but it can also have negative impacts on your credit score.

To help you make an informed decision, let’s look through the Level One Reviews

Does Level One Law take fees before the first settlement?

From my interaction with John, it appears that Level One Law may take fees before the first settlement. This may be okay if it’s a law firm entity, but we have found recently that there are law firms that contract their work out to other entities. If the law firm contracts most of the negotiations work to a debt settlement firm and then pays that debt settlement firms upfront, then it may be that the debt settlement firm actually gets payment before the first settlement.

Two of the BBB reviews mention that the company takes upfront fees before doing any work. Here are those two reviews.

Level One Law Reviews

When we first wrote this article on December 29, 2022, there was just a single BBB review for Level One Law. Now per Level One Law’s BBB page, we found 13 reviews with a 3.46 rating out of 5 and 6 complaints in the last 12 months.

What caught my attention was 2 five star reviews that had almost the exact or the exact same text just 10 days between each other. See for yourself below.

What Are Your Options If You Don’t Qualify for a Debt Consolidation Loan?

If you are unable to obtain a debt consolidation loan from Level One Law, what are your other options? If you are struggling to pay off your debt and have a high debt-to-income ratio, you may want to consider non-profit credit counseling, or debt settlement. If you are already experiencing financial hardship, bankruptcy may also be an option to consider. 

To help you understand your choices and the associated costs, we have created a free debt options calculator that does not require you to provide your email address. If you would like additional assistance, however, you can opt to leave your email address to receive additional free resources.