Get Out of Debt with Help from Our Debt Settlement Attorneys

If you are struggling to pay back unsecured debts, such as credit cards and medical bills, you probably already know there are plenty of businesses competing to help you get Debt free.

After you start getting stressful phone calls and letters from creditors – and you’ve searched the internet for solutions – you’ll start to notice Debt Consolidation companies trying to advertise to you all the time.

These debt consolidation companies hope you’ll “register” your debt with them and use too-good-to-be-true marketing language to get your attention. However, debt consolidation is not what it seems.

What Debt Consolidation Companies Won’t Tell You (And Why Debt Settlement Is the Smarter Choice)

Debt consolidation companies do not handle your debt payments with your best interests in mind. That’s the bottom line. A debt consolidation company may tell you that you are only going to owe a small monthly payment to lure you in when you are desperate for a solution.

What happens, however, is that this small payment is never enough to cover all of your creditors’ needs. Instead of slowly paying off all of your debt, this approach may satisfy one of your creditors, but the others begin wondering where their share is. What typically ends up happening is that one of your creditors threatens a lawsuit because your consolidation company hasn’t fulfilled its end of the bargain.

Now, you have to pay more than what you were originally promised you’d have to pay when the consolidation company advertised that low monthly payment. On top of this, you soon realize that part of what you’re paying is that company’s fees. Ultimately, it’s not clear that this “solution” was meant to benefit you at all.

Even in cases where a consolidation company is above board, you’re not settling your debt. You’re paying fees to let someone take all that debt and compile it for you. While it may seem appealing to have your debt added up and make one easy payment, there is a solution that actually allows you to avoid paying off all your debt through a debt negotiation with Wink & Wink.

That’s the big difference between consolidation and settlement. While consolidation is all about smoke and mirrors, debt settlement provides a resolution that saves you money and offers real relief without having to worry about a predatory business breathing down your neck. If you’ve wondered if debt settlement is right for you, the answer is clear. However, if you want this solution to work for you, you need an outstanding debt settlement attorney.

What a Debt Settlement Lawyer Can Do For

Debt settlement tends to work best if you have a lump sum that you can use to settle with your creditors. If you can save approximately 50% of what you owe – or if you can do this within 24 months – you’ll be able to get out of debt by paying only a fraction of the original cost.

After you and your lawyer have decided you should enter into debt negotiation because you have a lump sum payment to offer, we recommend you stop paying your creditors. When you do this, they start to worry. It puts your creditors in a position to accept a portion of what you owe, as that’s better than getting nothing.

This is when our team negotiates. We come to an agreement with your creditors that you’ll pay about 50% of what you originally needed to pay.

In the end, you avoid debt consolidation company fees and their troubling practices, and it becomes quite clear that debt settlement was right for you. This tactic works well for many, as we’ve seen this approach help our clients get a fresh start on a better financial future.

Contact Our Debt Settlement Attorneys Today to Start Your Debt Negotiation

Wink & Wink invites you to schedule a free consultation with us to determine the best course of action. We even encourage you to share your debt consolidation offers with us, if you’d like, so we can help you see what these businesses are really offering.

Our team exists to ensure you get the most affordable, empowering, and beneficial debt solution available today. There’s no marketing and no clever gimmicks – just a sound legal strategy that can help you get the relief you deserve.

Contact Wink & Wink online today, or call (303) 410-1720. We look forward to seeing how we can help!

The post Debt Consolidation Is a Distraction. Debt Settlement Is the Solution appeared first on Wink & Wink Bankruptcy Attorneys.