So you find yourself in debt, with credit cards maxed out. Minimum monthly payments start becoming difficult to manage. Now your hours at work have been cut back, making your financial situation a real nightmare. And then the lawsuit comes. Overwhelmed and feeling helpless, you're considering a debt consolidation company because of the allure of one easy payment and the promise of lower interest rates. Get the facts before you consolidate your debt or work with a settlement company. As a consumer attorney, I can't tell you how many times I have heard a defendant try to explain to a judge “I have a debt settlement company working on my behalf.” Except today is your day to appear in court and the only one there is you and the attorney who represents the credit card companies. And she tells the judge that she hasn't heard from the company you hired. What next?

 Here are some things you need to know before you attempt to consolidate your debt: Debt consolidation is a refinanced loan with extended repayment terms. Extended repayment terms mean you'll be in debt longer. Debt consolidation doesn't mean debt elimination. And there is no guarantee you will get a better interest rate. Debt consolidation promises one thing but delivers another. That's why dishonest companies that promote too-good-to-be-true debt-relief programs continue to rank as the top consumer complaint received by the Federal Trade Commission, making up about twenty-three (23) percent of all complaints. If that's not bad enough, fraudulent debt settlement companies often tell customers to stop making payments on their debts and instead pay the company. Once their fee is accounted for, they promise to negotiate with your creditors and settle your debts. The debt settlement companies usually don't deliver on helping you with your debt after they take your money. They'll leave you on the hook for late fees and additional interest payments on debt they promised to help you pay.

 Don't go at it alone. A the Holland Law Group we will appear in court on your behalf and negotiate with your creditors. Our experienced attorneys have settled thousands of credit card cases on behalf of our clients, resulting in significant reductions and outright forgiveness of their debt.

Give us a call today and start the process of getting your financial freedom back.