Do You Want to Consolidate Debt With a Deceptive Company Or Get Rid Of Your Debt For Good?
The point of relief is, well, relief. You want to be completely free from the worry, fear, and frustration that comes with being in debt. And, of course, you want to look at your balances and see $0.00 for the amount you owe. That’s relief.
Because debt settlement solutions are available today through the help of a debt relief attorney, anything other than a positive outcome is unacceptable.
However, you must do your due diligence about the other kinds of solutions you may be presented with online or on TV, like consolidation and other national debt relief programs. Many of these national companies take advantage of people in financial trouble.
Keep reading to take a clear-eyed look at debt consolidation and debt settlement, so you can get the relief you deserve and avoid getting scammed.
The Red Flags Of Debt Consolidation
Debt consolidation programs for debt relief are unfortunately misleading by nature. If you aren’t aware of how they work, here’s the rundown:
- A consolidation company targets you with their marketing, claiming to help you pay off your debt in one easy payment.
- In reality, you are taking out a loan (and interest) with them, and they manage the work of slowly paying off your creditors.
- These consolidation companies only pay off one creditor at a time, which is not enough to quickly satisfy all of them.
- You’ll pay interest on your loan, while they irresponsibly let the money trickle out to your creditors.
- Your creditors get impatient and prepare to sue you.
- Now you’re further in debt and facing a lawsuit, when all this could be different.
How do you know you’re working with a scam debt consolidation company? Look for these red flags:
- To get debt relief, you have to take out a new loan or pay more interest.
- You’re being bombarded with debt consolidation marketing.
- Your creditors are still looking for payment, even after entering into one of these “debt relief programs.”
- You don’t feel like you have a person to work closely with, face-to-face, to tell your story, explain the details about your debt situation, and get the help and assurance you need.
These are the hallmarks ofa classic deception that’s simply meant to get you to take out a new loan.
The Green Flags Of Legitimate Debt Relief Through Debt Settlement In Colorado
Hiring a lawyer for debt relief is incredibly different from debt consolidation. Here’s your rundown of how debt settlement works:
- You meet with a debt relief lawyer for a free consultation.
- Your attorney provides a debt settlement strategy and advises when would be the best time to negotiate with your unsecured debts (e.g., debts from credit cards, medical bills, and other debts not tied to a physical asset, like a car).
- Your attorney negotiates with your creditors on your behalf, using their legal expertise.
- You end up paying half of what you owe (50%) and the other half of your debt is discharged.
- In some cases, your credit card debt attorney will advise you to repay the half you owe in less than six months, if you have the funds to make that payment without defaulting.
Although debt consolidation scams make themselves known through serious red flags, credit card debt relief lawyers make themselves known through signs that they can deliver results.
Look for these “green flags” that you’ve chosen highly effective debt relief for Colorado residents:
- Your consultation is completely free.
- Your lawyer shows their expertise by explaining their precise legal approach.
- Your lawyer presents a confident plan to negotiate with your creditors.
- You get the best results possible and feel relief.
You deserve to be free of debt. You don’t deserve to be deceived by national debt consolidation and debt relief programs.
Don’t Be Misled. Get a Real Solution: Debt Relief.
It takes a great deal of courage to seek help. Countless people in debt stay in debt because they hope that just by looking the other way, they can ignore the feelings that come with admitting they need support.
The good news is that once you admit you need help from a debt relief lawyer, a solution begins taking shape right away. Our team at The Wink Law Firm, based in the Denver area, works closely with you, so you understand how debt relief works and the steps we will take on your behalf.
When we help you with debt relief from credit cards, medical bills, and other unsecured debt, you’ll know exactly who we serve: you. Unlike national debt consolidation and so-called “debt relief programs” that say they help you, all while they collect interest, The Wink Law Firm is here to help you get the best outcome possible.
Find out more about our approach by scheduling a free consultation online or by calling (720) 523-0620.