Your Goals Are
Our Goals.
• Our goal is to help
you and your family get free from the burden
of debt.
• Our goal is to help
you lower your monthly payments enough for you to live on what you earn.
• Our goal is to help you get
rid of the stress caused by too many bills.
• Our goal is to help you and
your family get back on your feet.
• Our goal is to try to put
the smile back on your face and the
spring back into your step.
• Our
goal is to help you get into a position
where you can — once again — look with hope to the future, sleep peacefully at night, and not
worry about the bills.
Debt Consolidation: What is it?
Debt consolidation, with debt councilors, is
where you what you owe for
credit card debt and other liabilities and
let one company distribute your one payment
to all of your creditors.
The debt-reduction process with an outfit
like Consumer Credit Counseling Services ,
Ameridebt, and other businesses like those takes years to complete.
Note: You will only get closure
on debt consolidation if you make all of your
payments — and if the debt-consolidation company really does give
the money to your creditors.
Does debt-consolidation bring — certain — closure?
Can you repair debts this way? Just because
you sign a contractual commitment for debt
consolidation does not mean that your money
troubles are behind you. In fact, Michigan Attorney Lawyers hears
client after client tell us they tried
credit counseling or debt
consolidation, but got so frustrated
wit the process they had to stop.
If you start a debt-consolidation plan
hoping to finally end that frustrating chapter
of your life, chances are you will only drag
it on for months and months — even years. If you are really
wanting certain closure, consider a Chapter
13 Bankruptcy.
Only an attorney has a professional duty
to give you the straight advice about what is in
your best interests.
CONTACT AN ATTORNEY NOW TO
FIND OUT WHAT'S BEST FOR YOU
Dangers and Frustrations of Credit Counseling:
What can be so aggravating about
debt counseling? For starters, these companies
are not on your side. They are in business to
make a profit, which is all fine and good. However,
unlike an attorney,
there is no duty to advise you to do what is
in your best interests. A bankruptcy lawyer
must represent you — the client — and counsel you with your best interests in mind.
No such official duty exists for a paralegal or credit counselor.
Also, do not let the
deliberate perception that a debt-counseling company is
a "non-profit organization" fool you.
There is recent news about these businesses getting in to trouble
because the Internal Revenue Service (IRS) and Federal Trade Commission (FTC) are investigating, and have recently cracked
down on these companies who are accused of lying
about their true profit structure just to get tax breaks — and your trust. The reality
is many debt-consolidation companies are
funded directly by the credit card companies
that you want to get rid of. What kind of advice
do you suppose you'll get from them?
Also, many frustrated debt-consolidation clients come to us after they, unfortunately, first paid
lots of money into these schemes and never
saw their balances go down. After
months — even years — of providing the debt-consolidation companies with thousands of dollars but not getting any relief, people utilize Michigan Attorney Lawyers, realizing
the most effective way to wipe the slate
clean and getting a fresh start begins with using the
services of a skilled and experienced bankruptcy attorney.
Requirements of
Debt Counseling
Even if you want to knock your debt down
using these companies, you will need to have
a regular flow of income that far exceeds
the money spent each month on your bills.
It does you no good to give them only $45/month
to share with all your creditors.
There are income requirements for debt-consolidation companies which many
people don't meet. An employee's job is to talk you
into signing an agreement with them even if it eats
into your rent money. Not because they care
about your best interests, but because they
may be getting a commission for each dollar
they bring in. Only an attorney has
a professional duty to give you straight advice about what
is in your best interests.
CONTACT
AN ATTORNEY NOW TO FIND OUT WHAT'S BEST FOR
YOU
USEFUL LINKS:
CREDIT
BUREAUS
• Equifax, www.equifax.com 800-685-1111
• Experian, www.experian.com 888-397-3742
• Trans Union, www.transunion.com 800-916-8800
