Debt Consolidation Lawyer Tampa, FL
Our debt consolidation lawyer Tampa, FL relies on from The Law Office of Michal A. Ziegler, P.L. knows that when you are facing serious debt, you may not be sure what the best option is. For many people, they believe that starting clean and filing for bankruptcy is the best way to go. However, bankruptcy is not always the better option for some people when it comes to debt. When you hear about debt consolidation, it means that when you have unsecured debt, you can consolidate it into one monthly payment. This can make working through your debt significantly more manageable. Our chapter 7 bankruptcy lawyer Tampa, FL trusts knows that bankruptcy is not the best option for everyone dealing with debt. When you would like to learn more about debt consolidation, please give our office a call. We can help you get back on your feet again.
How does it work?
When it comes to consolidating your debt, you will have someone you can rely on help manage your payments. This means that when you make one lump payment each month, someone who handles your debt will then divide your payment and distribute it among the creditors you owe money to. Usually, this happens because a new lender gives you a loan. Thus, while your monthly payments are significantly more manageable, you end up paying more money in interest.
Does this mean debt consolidation is bad?
Not necessarily. It is important to know exactly who you are going to for debt consolidation and if they are actually able to help you. This is why we are here. For example, if you already have debt that carries high-interest rates, consolidating that debt may actually end up getting you lower interest rates and allow you to make those monthly payments.
What other options are there?
When it comes to your debt, you know you want to make the right choice and find a plan that works for you. Debt settlement is another option that may be right for you or you may want to speak with your attorney about the different types of bankruptcy. We understand that when you are calling our office to discuss your financial situation, it is likely a hard conversation to have. We want you to know that we are here to look through your finances and help find a solution that works for you. If you are interested in speaking with us about debt consolidation, please contact our Tampa, Florida debt consolidation lawyer from The Law Office of Michal A. Ziegler, P.L.
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