Five Lakes Law Group

Five Lakes Law Group Reviews

Overview

Five Lakes Law Group has an average rating of 4.3/5.0, based on 30 reviews.

Staff

95%of reviewers were satisfied with the company's Staff
Excellent
Staff

14 recent reviewers mentioned Five Lakes Law Group's staff. 95% were happy or satisfied with the staff, ranking Five Lakes Law Group 11th among debt settlement companies on our site.

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4.3(30)
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Written by Ashley Eneriz
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Edited by Tammy Burns

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About Five Lakes Law Group

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Established in 2021, Five Lakes Law Group is a law firm that offers debt settlement and resolution services. The company says on its website that it can reduce your monthly debt load as much as 50%, while also offering one-on-one attorney support. It says it has helped thousands of clients with unsecured debt, such as credit card bills and medical debt.

Pros
  • Attorney assistance
  • Chat available 24/7
Cons
  • Not for all debts
  • Fees not listed

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What is Five Lakes Law Group?

Based in Michigan, Five Lakes Law Group focuses on providing clients debt relief through the debt settlement process.

Debt settlement requires clients to establish financial hardship, usually through negating their monthly debt bills, in order for the company to settle the debt for a lower amount or in full. Five Lakes Law Group offers litigation support alongside its debt settlement services, so clients will have that benefit in case a creditor threatens legal action.

One notable perk of using Five Lakes Law Group is its mobile app that allows you to manage your enrolled debts and approve agreements. The app has a 4.9-star rating on both Apple’s App Store and Google Play as of publishing, with over 350 reviews combined.

How does Five Lakes Law Group work?

Five Lakes Law Group helps clients settle unsecured debt by diverting their creditor payments. Instead of paying your creditors each month, you will pay into an account that will be used for debt payoff. The goal is to establish new terms and a lower owed amount with the creditor.

However, if you forgo paying your creditor to establish financial hardship, your debt will accumulate late fees and interest rate charges. There is also a possibility that the creditor will sue you for your owed balance. Five Lakes Law Group will attempt to slow down or assist in legal issues with free pro se legal document drafting and attorney assistance.

Five Lakes Law Group products and services

While Five Lakes Law Group does not give a specific time frame for its debt settlement services, clients can expect the process to take between 24 and 60 months, which is the common range among most debt settlement companies. Five Lakes Law Group can help with the following debts:

  • Credit card
  • Medical
  • Personal loans

It cannot help with debt that is secured by collateral, such as mortgage and auto loans. It also will not help with federal student loan debt.

Five Lakes Law Group fees

Five Lakes Law Group does not disclose its fees on its website but should be able to give you the full costs before you commit. Avoid any debt settlement companies that require you to sign up before letting you know the cost.

While Five Lakes Law Group’s pricing is not listed, note that many debt settlement companies do not charge any upfront fees but instead charge between 15% and 25% of the settled amount once a debt resolution has been made.

Five Lakes Law Group FAQ

Does Five Lakes Law Group have a money-back guarantee?

Five Lakes Law Group does not have a money-back guarantee or satisfaction policy listed on its website. Before working with this company, ask about its refund policies.

Do I need a hardship to use Five Lakes Law Group?

Yes. Five Lakes Law Group relies on a client’s financial hardship to better negotiate and settle with your creditors. If you don’t want to take this route to become debt-free, you can look into taking out a debt consolidation loan, which helps you move all of your debt to one predictable loan payment.

Will using Five Lakes Law Group hurt my credit score?

Yes. You should expect your credit score to take a hit with any debt settlement company you use. This is because you must establish financial hardship, which is done when you stop paying your creditors.

Is Five Lakes Law Group legit?

Five Lakes Law Group is a legitimate law firm that specializes in debt resolution. You can expect licensed attorneys to assist you with your debt settlement journey. Before choosing to work with Five Lakes Law Group, make sure you know how long the process will take and how much you will need to pay in fees.

Five Lakes Law Group Reviews

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    How do I know I can trust these reviews about Five Lakes Law Group?
    • 4,592,094 reviews on ConsumerAffairs are verified.
    • We require contact information to ensure our reviewers are real.
    • We use intelligent software that helps us maintain the integrity of reviews.
    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 5
    Customer ServiceStaffTransparency

    Reviewed Jan. 15, 2025

    Working with Five Lakes Law Group was such a smooth and stress-free experience. They took the time to clearly explain every step of the process, breaking down complicated legal terms into simple, easy-to-understand language. From our first consultation, I felt confident in their ability to help me, and they made sure I understood exactly how everything worked before moving forward. Their professionalism and patience really stood out, and they were always available to answer my questions. If you’re looking for a team that makes the legal process easy to navigate, I highly recommend Five Lakes Law Group!

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    StaffTransparency

    Reviewed Jan. 15, 2025

    From the very beginning, my experience has been nothing short of exceptional. I cannot say enough good things about their care and understanding to my situation. They were incredibly patient and understanding, taking the time to listen to my concerns and explain the process in a clear and concise manner. They answered all my questions thoroughly and never pressured me into anything. I truly feel they went above and beyond to help me navigate this challenging situation. Thanks to their expertise and guidance, I am finally seeing a light at the end of the tunnel. I highly recommend!

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      Online & AppProcessTransparency

      Reviewed Jan. 9, 2025

      Five Lakes Law Group has brought me peace of mind and enabled me to find a way out of my debt. As a single mom on a teacher salary, I was continually finding myself underwater. They made the process easy and explained everything I needed to know. Their app is a bonus. Thank you so much!

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      Staff

      Reviewed Dec. 11, 2024

      I’m so grateful for Five Lakes Firm. I have needed help with my finances and I made one call and was told they could help me and save me money at the same time. I spoke with Terry and he was so kind and helpful, he showed compassion for me and my situation and said he would do everything possible to help me out. I’m just getting started but I know this is the best thing for me. Thank you Again for all of your Help and Support.

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      Staff

      Reviewed Nov. 23, 2024

      I am still very nervous doing this. I have never done this before. I’m nervous about stopping all payments and how my credit score will even get worse. However talking to the nice young women made me relax a little bit. I started thinking how much worse can it get. My situation before signing up was very stressful and that was only getting worse and I felt I was sinking into a deep hole. But you guys assured me this will work and get better soon. I am putting my trust in you. I hope I am not let down. I will do what I said keeping up with the biweekly payments and I hope you keep your word too. Thank you for your help. My fingers are crossed. For now yes I would recommend you to family and friends. After I am done with the program I hope I can feel the same and write a better review.

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      Process

      Reviewed Jan. 16, 2025

      This process was simple and they made feel this decision was the right way to go. I would definitely recommend, bankruptcy was not an option!! Although debt wasn’t in collections I felt immediate relief.

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      StaffTransparency

      Reviewed Jan. 14, 2025

      It was a great experience and Jim didn't make me feel bad about my situation. He explained everything in great detail and was patient with all my questions. I would recommend this company to anyone who is in the same position as me.

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      StaffProcess

      Reviewed Jan. 11, 2025

      Still early in the process for me but so far they are awesome and kind. Empathy and understanding! A good choice for me and my future. Hopefully they keep up the effort and assistance. Fingers crossed!

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      Staff

      Reviewed Jan. 8, 2025

      I found 3 of the staff members very knowledgeable and professional in explaining their program and making recommendations. My payments will be half of the former amount! This program will aid me tremendously in settling my credit cards.

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      StaffTransparency

      Reviewed Dec. 21, 2024

      Everyone that I talked to was so nice, and explained everything and how it works. I felt so much relief from what they explained to me and how they would help with my situation. I highly recommend them.

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      Five Lakes Law Group Company Information

      Company Name:
      Five Lakes Law Group
      Website:
      www.fivelakeslawgroup.com