Minnesota Debt Consolidation Lawyer
Do you need help with debt consolidation?
If you have many unsecured debts at high interest rates, a low credit score and/or have suffered from frequent creditor harassment, you are in financial difficulty. There are many options available to help resolve such problems, depending on the severity of the debt and the wishes of the debtor. Debt consolidation is one of the choices available and may be the answer for you. At Heimerl & Lammers, we can advise you on the desirability of a debt consolidation for your personal situation and present viable options for you to consider. To learn how we may be able to help, all you need do is contact a Minnesota bankruptcy attorney at our firm today to schedule a free consultation.
Of all the options available to eliminate debt, filing for bankruptcy is the most extreme, carrying with it clear benefits but also long-lasting detrimental effects. Entering into debt consolidation is a far less detrimental process. It is a way to pay off your debts by grouping them together in one monthly payment with a fixed interest rate, which you pay out over an extended period of time. Benefits include far less interest paid than if you hadn't consolidated, only one monthly payment, freedom from creditor harassment and improved credit rating. Some bills appropriate for debt consolidation include:
- Credit cards
- Private student loans
- Personal loans
- Medical debts
- Payday loans
Resolving Debt Problems
With debt consolidation, you don't avoid paying your debt; you reorganize your payments. If you have only a few bills, another option is to pursue debt negotiation to solve your financial problems. Filing a Chapter 13 petition may also be considered, a method which would allow you an extended period of time to repay your debt but is processed in bankruptcy court. An experienced attorney from our firm can help you make the best decision to help you negotiate with your creditors and pay off your debts quickly. We are eager to evaluate your case and to do everything possible to help you get out of debt and make a fresh start.
Contact a Minnesota debt consolidation lawyer at Heimerl & Lammers for your chance to achieve financial security.