Debt consolidation can be a complicated process as understanding the various debt and financial laws of Pennsylvania can be difficult. In order to fully comprehend all the legal issues that you may encounter, individuals should consider enlisting the services of a bankruptcy attorney. Philadelphia and Montgomery residents can benefit from the services of William D. Schroeder, Jr. Attorney at Law, a legal firm specializing in debt consolidation as well as bankruptcy, mortgage modification, divorce, family law, DUI, wills, powers of attorney, estates, and criminal defense.
What is Debt Consolidation?
When an individual is in danger of becoming bankrupt, a debt consolidation program offers them the opportunity to take out one loan that is paid on a monthly basis in order to pay off several outstanding loans. By using a bankruptcy attorney, Montgomery County and surrounding area residents who are facing financial issues may be eligible for debt consolidation benefits including the merging of multiple bill payments into one, reduced interest rate, and an extended payoff time. Attempting to tackle the debt consolidation process on your own may result in mistakes.
In addition, if you choose a debt management plan instead of a loan, having an expert litigator by your side also means that you will not have to deal with aggressive creditors consistently calling you; your lawyer will deal with them instead.
Who Qualifies for Debt Consolidation?
If you have an inferior credit score, inadequate income, or too much existing debt you may qualify to consolidate your credit card bills, medical bills, student loans, and taxes together. Moreover, if you ultimately have good financial history you will probably be a good candidate because it is more likely that you will be reliable in paying your monthly payments.
In addition, if you think hiring a litigator is the wrong move because it is too expensive, take into consideration that you may qualify for legal aid with your local bankruptcy court. If you don’t qualify for legal aid, William D. Schroeder, Jr. can provide installment payments.
What are the Benefits to Using a Professional Litigator?
Instead of struggling with the debt consolidation process on your own, consider the many reasons to use the services of a bankruptcy attorney. Philadelphia residents who utilize the services of William D. Schroeder Jr., for example, will be able to protect their reputations and preserve their credit ratings. A litigator can also offer tips to educate you on how to maintain your budget and make debt management simple.
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In order to reap all the possible benefits offered in debt consolidation, consider using a bankruptcy attorney. Montgomery and Philadelphia’s William D. Schroeder, Jr. Attorney at Law is not only committed to helping clients with debt consolidation but also a wide range of legal services including bankruptcy, mortgage modification, divorce, family law, DUI, wills, powers of attorney, estates, to criminal defense. To learn more about the full legal services offered at William D. Schroeder, Jr. Attorney at Law, explore the website at https://www.jrlaw.org/ or contact:
William D. Schroeder, Jr. Attorney at Law
262A Bethlehem Pike, Suite 102
Colmar, PA, 18915
Ph. 215.822.2728
