Disclosure: Not affiliated with or endorsed by Five Lakes Law Group; trademarks belong to their owners. This is our own research and opinion, not a statement of fact. CuraDebt may be compensated by companies referred to.
Five Lakes Law Group Reviews: Is It Legit?
Is Five Lakes Law Group Legit?
The BBB business profile lists Five Lakes Law Group, PLLC, with Chicago and Southfield locations and showed accreditation and an A+ rating on October 12, 2026. A rating is not a guarantee of a settlement or court representation. Verify the firm and the attorney responsible for your matter before sharing account information.
The useful question is whether the written program fits your debts and budget. Compare the fee basis, estimated total payments, deposit you can maintain and cancellation terms. Ask which creditors can be enrolled and what happens if an account does not settle.
What Is Five Lakes Law Group?
Five Lakes describes itself as a debt-relief law firm. Its published service information discusses negotiating unsecured debt and legal assistance. Do not assume that a law-firm program includes every kind of representation. Get the agreed scope, attorney involvement and state availability in writing.
| Five Lakes Law Group | At a glance |
|---|---|
| Type | Debt settlement law firm |
| Based | BBB profile lists Chicago, Illinois, and Southfield, Michigan |
| Founded | BBB lists business start July 10, 2020; local incorporation May 29, 2024 |
| Handles | Unsecured debt |
| Fees | Current written quote needed; this review does not verify a typical percentage |
| BBB | Accredited, A+ letter rating; checked October 12, 2026 |
The Loan Mailer Referral
If you first applied for a loan and were then offered Five Lakes settlement services, ask for the product name and provider before proceeding. A loan replaces debts with new borrowing; settlement seeks creditor agreements on existing debts. This review does not establish how frequently loan applicants are referred to Five Lakes.
Read the settlement agreement separately from any earlier loan offer. Compare the total cost, required deposit and effect of missed creditor payments. A referral does not establish approval for a loan or make the settlement program the right option for you.
How It Works
A settlement program generally involves saving toward creditor agreements. The CFPB explains settlement considerations, including possible credit damage, continuing collection activity and creditors that may decline an offer. Five Lakes says it provides pro se document drafting and attorney assistance if a client is sued. Confirm whether your contract includes court appearances, who handles your case and what deadlines remain your responsibility.
Fees, the Part to Read Closely
Get your fee percentage and the balance it applies to in writing. This review does not verify a typical 27% Five Lakes fee or establish that its fees exceed most competitors. Compare the actual quote, account charges and estimated total payments with another available option.
For example, if a hypothetical quote applies a 20% fee to $20,000 of enrolled debt, the fee is $4,000. If settlements require another $10,000, those two costs total $14,000 before other charges or tax effects. That is an illustration, not a Five Lakes quote or forecast. Ask when each fee is earned, what happens if a creditor declines and how cancellation affects your funds.
Ratings and Complaints
Read the dated BBB customer reviews rather than relying on an undated star average. Separate comments about enrollment from completed-program outcomes. Look for the actual payments, fees, elapsed time and scope of legal help described by the reviewer.
Also read the complaint record and the firm's responses. An individual allegation is not a proven finding or a measured failure rate. Ask how the agreement addresses the specific issue you are concerned about, without assuming that a review predicts your outcome.
Pros and Cons
- BBB accreditation verified on October 12, 2026
- Published information about debt resolution and legal assistance
- Current reviews and complaint responses available to read
- Fee percentage and total costs need a written quote
- Confirm the exact attorney and court-representation scope
- Settlement can affect credit and collection activity
- No guaranteed savings, timing or creditor acceptance
What to Ask Before You Sign
If you are considering Five Lakes, get clear answers to these:
- What is the exact fee percentage? Get the percentage, fee basis, collection conditions and other charges in writing, then compare the total cost.
- What is my realistic savings after fees? Ask for an estimate net of fees, not the headline reduction.
- Did I come here from a loan mailer? If so, evaluate the settlement program on its own terms, not as a fallback for a loan.
- What legal representation is actually included? As a law firm, confirm what happens, and who represents you, if a creditor sues.
- What are the cancellation terms? Know how to exit and what you would owe if you leave mid-program.
Compare the written total cost and program requirements before signing. You can learn how a debt settlement program works, compare your debt relief options, or read about debt negotiation first.
Frequently Asked Questions
Is Five Lakes Law Group legit?
How much does Five Lakes Law Group charge?
Why was I referred to Five Lakes Law Group after applying for a loan?
Do you get a lawyer with Five Lakes Law Group?
Will Five Lakes Law Group hurt my credit?
Disclosure: CuraDebt is not affiliated with, endorsed by, or sponsored by Five Lakes Law Group, and all trademarks belong to their respective owners. This page reflects our own research and opinions for informational purposes and is not a statement of fact about Five Lakes Law Group's business. Ratings, accreditation status, and complaint counts change over time; verify current details directly. CuraDebt operates a matching service and is paid when we connect consumers with independent partner firms, so we have a financial interest in you requesting a free consultation. Always do your own research before choosing any provider.