If you have ever fallen behind by a few payments to your creditors, you know that after a couple months they won't give up in their missions to get their money back. They will harass you non-stop, including calling your home phone number all day long. They will even call your work phone to try and intimidate you.
The problem is that many people choose bankruptcy because they are scared that consolidation will be worse for their credit score. This couldn't be further from the truth. For anyone that is this deep in the jungle of debt, consolidation is the most likely method to preserve, and even grow one's credit score.
The thing debt consolidation lawyers know best is the law around debt. Collectors will attempt to intimidate you, and get you to agree to repayment guidelines that really aren't in your best interest. Lawyers know their tricks, and will take over all contact with the collectors. With your lawyer working out the terms, you are ensured that they will work out the best possible deal you can get.
But if you think about it, this reason really defeats itself. You take a credit hit, but you no longer have so many active accounts creating a negative drain on your credit. So what starts off as a negative effect on your credit will quickly become a benefit. Credit scores can rise quickly when there are no outstanding balances.
Debt collection agencies constantly test the edge of the law while trying to intimidate you into paying your debts. They will send you mail, call you non stop, and even try to call you at your work. When you hire a debt consolidation lawyer, the harassing mail and calls stop instantly. The collectors will start to give you the respect you deserve. This alone is a great reason to hire a debt consolidation lawyer.
The problem is that many people choose bankruptcy because they are scared that consolidation will be worse for their credit score. This couldn't be further from the truth. For anyone that is this deep in the jungle of debt, consolidation is the most likely method to preserve, and even grow one's credit score.
The thing debt consolidation lawyers know best is the law around debt. Collectors will attempt to intimidate you, and get you to agree to repayment guidelines that really aren't in your best interest. Lawyers know their tricks, and will take over all contact with the collectors. With your lawyer working out the terms, you are ensured that they will work out the best possible deal you can get.
But if you think about it, this reason really defeats itself. You take a credit hit, but you no longer have so many active accounts creating a negative drain on your credit. So what starts off as a negative effect on your credit will quickly become a benefit. Credit scores can rise quickly when there are no outstanding balances.
Debt collection agencies constantly test the edge of the law while trying to intimidate you into paying your debts. They will send you mail, call you non stop, and even try to call you at your work. When you hire a debt consolidation lawyer, the harassing mail and calls stop instantly. The collectors will start to give you the respect you deserve. This alone is a great reason to hire a debt consolidation lawyer.