Debt Consolidation Scams and How to Avoid Them
There are two types of credit consolidators: bad and really bad. These companies are essentially collection agencies. They make empty promises to people in debt, often promising them to settle their debts for pennies on the dollar. They then collect monthly payments from debtors with plans to offer the debtor a settlement — eventually.
The problem is that this can take a very long time. In the meantime, the situation may actually grow worse. Creditors may record you as having defaulted. Amounts can go unpaid. And creditors are actually prohibited from contacting you regarding the matter. The result? You could end up facing lawsuits by creditors, as well as owing larger amounts than you started with before debt consolidation. If it's not done right, a credit debt consolidation loan can hurt you more than it helps.
Many people pay debt consolidators for years and years without reducing the amount owed. Don't be one of them. Call 203-230-2233.
At The Law Offices of Neil Crane, LLC, we offer a better alternative to debt consolidation. As ethical and reputable attorneys, we can assist you in negotiation with your creditors. Our Hamden, Connecticut, law firm was established in 1983 and has built a solid reputation marked by many favorable testimonials and news articles detailing our successes in helping people with debt difficulties.
We help our clients pursue many options designed to restore their financial health. These may include Chapter 7 bankruptcy, Chapter 13 bankruptcy, and foreclosure mediation. Regardless of the options you choose, we will guide you through the process from beginning to end.
We are located right here in Connecticut. This means that you can talk with us face to face and really get to know your lawyer. You can stop by our comfortable law office, speaking directly with an attorney regarding important questions.
Please do not hesitate to call us today at 203-230-2233, toll-free 1-800-616-DEBT, or complete our online contact form to discuss your questions and concerns with an experienced attorney.
