If a debt consolidation company's offer of credit card debt relief sounds too good to be true, it probably is. Debt consolidation companies have many disadvantages. For example, creditors can opt out of accepting a deal made by a debt consolidation company. A more secure option is bankruptcy, which the creditor is required to accept by law, barring any actions of fraud.
At White & Fish, L.P.A., Inc., we provide exceptional bankruptcy services for people throughout Columbus, Ohio, and surrounding areas. The Columbus debt consolidation and bankruptcy attorneys at our law firm strive to provide each individual client with the personal care and attention he or she deserves.
We want each of our clients to be able to make an informed decision by knowing the truth about debt consolidation companies. We can discuss your case with you and whether bankruptcy is the best option going forward. Contact our Columbus office for a free initial consultation with an experienced Ohio consumer credit counseling attorney.
Debt consolidation companies often promise to take care of your credit card debt with one easy payment. You may think that by going with debt consolidation you are being discrete and confidential. However, there are many aspects of debt consolidation companies that could actually harm you in the end. Debt consolidation companies are not regulated. Any Ohio bankruptcy attorney is held under an exceptionally high standard and is heavily regulated by the Supreme Court of Ohio as well as the Federal Bankruptcy Courts.
Accepting an offer by a debt consolidation company could be a rip-off. Some companies require you to make payments to them, while in the meantime they are not making one payment to creditors. Instead, they are gathering your cash into a pool to make one lump settlement payment. In the meantime, your credit is worsening and negotiations by the company with your creditor can fall through. Furthermore, debt consolidation companies often require additional and costly fees.
Contracting with a debt consolidation company also is limited in that only unsecured debt, like credit cards, is covered. Only bankruptcy can provide debt relief for secured debt, such as your house or car payments. Chapter 13 bankruptcy can prevent foreclosure. Chapter 7 bankruptcy is a more complete way to discharge debt and make an agreement with creditors that is completely binding under the law.
Take action today and start building a better financial future for you and your family. For dependable advice and decisive action about debt consolidation and bankruptcy contact the experienced lawyers at White and Fish. Contact our offices in Columbus today. Call (614) 429-1932 and schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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White & Fish L.P.A., Inc. 1335 Dublin Road Suite 201 (C) Columbus, Ohio 43215 Phone: 614-429-1932 Directions | E-Mail