How can debt consolidation help me?
Debt is a fact of life for most people in today's society. Many of the things that are considered essential to everyday living, from a home and a car to education and appliances, are simply too expensive to afford without taking out a loan. People have largely grown accustomed to borrowing, and attractive offers of low introductory interest rates and zero down purchases encourage the behavior. At the Law Offices of Marshall D. Schultz, we understand how easy it can be to get into debt and how difficult it can be to get back out.
An educated and experienced attorney from our firm will meet with you to review your unique situation and determine what would be the best option for you. You may be suited for loan consolidation, one of the most effective alternatives to bankruptcy. It involves taking out a new loan that is large enough to pay off all your credit cards and other debts.
The consolidation loan will ideally have a lower interest rate than the average of what you have been paying on your other loans, and you will no longer have to keep track of several separate due dates, each with the potential of a late fee. Loan consolidation can have the effect of simplifying your finances by allowing you to focus on a single debt.
Legal Assistance You Can Trust
You should avoid loan consolidation services that sound too good to be true. Many of the companies that advertise on television, offering a quick-fix solution, do not disclose hidden fees that can make the service more expensive than the money you can expect to save. There are also scams where the company charges a fee up front and never delivers the loan.
Our firm has more than 33 years of combined experience, and we treat our clients like family. We invite you to come to our office in either Southfield or Detroit, for a consultation in a comfortable, relaxed setting where you can get your questions answered and choose a course of action with which you are comfortable.