If you are drowning with credit card debt or overall debt and feel like there is not way out then pay attention because here’s a life raft!
In today’s insane economy where the polititians, Wall Street, and the bankers have thrown out all the rules and stopped the world and US economy in it’s tracks, you are probably wondering how to deal with all of your mounting debt.
Maybe your house is upside down, you may have lost your job or your making half as much money as you used to, and you are desperate to find real solutions to debt consolidation and debt relief. The question is what works and what don’t.
Every day there are hundreds of advertisements offering up debt solutions, to help you consolidate your debt, or even eliminate your debt. So, how do you avoid the scams? Here’s a quick guide and some good news.
The good news is that you really can negotiate debt reduction, consolidate your debt, and get some debt relief. The real challenge is in finding someone that knows how the debt consolidation, debt reduction and debt relief business works.
If you have a friend who’s gone through this and found a good lawyer that specializes in debt consolidation, debt reduction and debt relief as well as bankruptcy get their name. It’s worth its weight in gold. If you don’t have a referral to a good lawyer be very, very careful. Many lawyers are focused on one thing, making money, and they will do it at your expense. Do your research and make sure they really specialize in debt relief before you give them one cent.
The sad thing is that the credit card companies and banks will, many times, offer to reduce or consolidate your payments when you go 60-90 days or more late on your payments. It’s as if they know what they’ve done and they’re desperate to get things back on track. Just be very careful when negotiating with banks or credit card companies without a lawyer. They behavior has been unscrupulous at best. They do not have your best interest at heart. They will tell you one thing but if you don’t have it in writing they will not stick to it. That’s why a good lawyer is your lifeline.
So here are three tips
One-Hire the best best debt relief and debt consolidation attorney that you can afford.
Two-Be wary of any debt consolidation company that does not have a lawyer on staff. It’s one thing to pay a lawyer up front, and it’s another to pay a fly-by-night company that will probably run off with your money when they discover that they can’t negotiate your debt for you. Or worse yet is that you could have negotiated the same settlement without them.
Three-Do your research on debt management and how to eliminate your debt so that you don’t ever have to face this embarrassing, and devastating situation again.
Author Derek D’kreif is a nationally renowned business man, lecturer, and small business and individual success guru, who saw a need to lend the small business entrepreneur and others in need of Debt consolidation, and debt relief a hand up. Free reprint avaialable from: Simple Guide To Debt Consolidation.
Mail this post