Instead, Try Our Debt Settlement Solutions for the Help You Deserve

Fear should never be used to motivate consumers, especially when it comes to Debt. There is no reason why a business would need to tap into your deepest fears, unless they know that it allows them to take advantage of you.

However, this is exactly what Debt Consolidation services do. They know you’re feeling desperate and afraid of the ramifications of not paying your debt. They also know that you, like most, have a natural aversion to bankruptcy. That’s how they get you to work with them. They say they have a “program” which will resolve your credit card debt for a relatively small monthly payment. They don’t explain the risk of lawsuits which are inherent in their “program,” nor that those risks increase because of the relatively small monthly payment they are suggesting will be sufficient to get you out of debt.

They don’t tell you that The Wink Law Firm can help you settle your debt more cost-effectively and that their fees are more than twice as much charged by The Wink Law Firm for the same work. And if you’re a good candidate for bankruptcy, they won’t tell you that you can get out of debt in bankruptcy for a small fraction of what their “program” costs.

But the unfortunate truth is that debt consolidation companies are deliberately dishonest about what they do and charge. They overcharge you while exposing you to undisclosed risks of lawsuits from your creditors.

At The Wink Law Firm, it is our mission to help you achieve the most cost-effective debt relief for your situation. Because we offer a full suite of debt relief solutions, we will tell you the cost of debt relief, both in bankruptcy and through debt settlement. We will help you dispel the many widespread misunderstandings of bankruptcy. If debt settlement is best for you, we will disclose the risks of settling debt outside of bankruptcy, as well as the amount and timing required to settle your debt for as cheaply as possible. Our focus on having you save money while we patiently negotiate with your creditors enables you to be flexible and settle for less than is achieved through the rushed payment settlements that debt consolidation companies push on their clients. And we do all this for a fraction of the fees charged by debt consolidation companies.

Fear is not the answer. There is always a balanced, clear-headed assessment of your options and honest advice available when you work with our bankruptcy and debt settlement attorneys. The Wink Law Firm has free consultation appointments available now, so you can get the results you need.

The Dishonest Nature of Debt Consolidation Companies

The Wink Law Firm wants you to see the full picture, so you can find a solution that truly works for you, gets you out of debt, and puts you on a path to financial security as quickly and cheaply as possible. Understanding the vital differences between how we can find a legal solution and how debt consolidation works enables you to make an informed decision on next steps to take.

Here is exactly how dishonest consolidation companies do business:

1. True debt consolidation means taking out one loan, usually at lower interest, to pay off other loans, typically with higher interest. But this is not what so-called debt consolidation companies do. Rather, they have you stop paying your debt so that you can settle for less. They know many people are afraid of the ramifications of not paying their debt, so they define their services in a deliberately misleading manner.
2. They don’t mention the risk of lawsuits from their “program,” even though this risk exists whenever one is settling debt. What’s more, they structure their “program” in such a way that tells you what you want to hear, puts their interests ahead of yours, and exposes you to greater risk and cost. In order to make their “program” sound cost-effective to you, they will often tell you that you can settle your debt for a relatively low monthly payment over three, four, or even five years. The problem with this is that the longer it takes to settle debt, the more risk you have of getting sued. Creditors don’t immediately sue you when you stop paying, but they will eventually. The Wink Law Firm instructs our clients to save or otherwise access the funds required to settle within two years to minimize the risk of lawsuits. Additionally, because they are not allowed to earn fees until you enter into a settlement, they rush you into payment plan settlements, often for 70 to 80% of the balance owed. At The Wink Law Firm, we are patient in negotiating with your creditors, which typically enables settlements of 50% of the balance owed.
3. Because they rush you into settlements, so they can start earning fees, loan consolidation companies limit your flexibility to deal with a lawsuit. While they have committed your low monthly payment to creditors A and B, Creditor C sues you. You didn’t even know that could happen and were advised that your low monthly payment would handle everything through their “program.” You now lack the funds to deal with the lawsuit, even though it can almost certainly be settled for less because your artificially low monthly payment is being allocated to creditors A and B and you weren’t told of the very predictable risks of their “program.” At The Wink Law Firm, we have you save more than you would pay a debt consolidation company, and then we negotiate lump-sum settlements whenever possible. This enables you to better manage the risks of lawsuits because you either have a lump-sum with which to settle or, if you just spent that on another settlement, you have your monthly savings stream from which you can settle the lawsuit. In no case would The Wink Law Firm advise you to allocate all your monthly savings to a creditor when there is other debt to settle, which is exactly what debt consolidation companies do as standard practice.
4. What ends up happening is that you are locked in to an extremely slow and ineffective service that charges excessive fees and operates in a way that is not the most cost-effective way to settle debt.

The deliberately misleading practices of the debt consolidation industry are unacceptable. Instead of falling for their vast marketing campaigns, find out how to get out of debt without paying interest and fees, risking lawsuits, and going deeper in debt. Schedule a free consultation to learn more.

Get Debt Freedom, Not Debt Consolidation

Now that you’ve read about a so-called solution that will make your debt challenges worse, find out more below about the strategic process that The Wink Law Firm uses to deliver results.

During a free consultation, we take a full view of your financial situation and advise you on the costs and risks of bankruptcy versus debt settlement. While we respect your decision, we will be blunt about telling you if one option is vastly more cost-effective than another. If it is a close call, we’ll take the time to explain the pros and cons of both. This approach to assessing debt relief enables our clients to make informed decisions about their financial future.

Our debt settlement and bankruptcy solutions are incredibly cost-effective. It’s not even a contest when you compare our recommendations for debt relief with taking out a loan from a consolidator.

How to Get Started Regaining Freedom from Debt

We’re the leading bankruptcy and debt settlement attorneys in Denver for a reason. At The Wink Law Firm, we offer you the chance to get out of debt with a fresh start and a prosperous future ahead of you, without resorting to fear tactics.

Contact us online or call (720)523-0620 to book your free consultation to find the solution that could be right for you.

The post Debt Consolidation Takes Advantage of Your Biggest Fears. Don’t Take the Bait. appeared first on The Wink Law Firm Bankruptcy Attorneys.