Contact a Debt Relief Attorney Near You to Take Control of Your Financial Future
When you’re drowning in debt, you look for anything that resembles a life preserver.
Debt consolidation companies make the solution sound so simple: combine all your debts into one low monthly payment and eliminate your financial stress. Sounds easy, right? What they don’t tell you is that debt consolidation can come with serious risks and long-term consequences.
The truth is that many people who try debt consolidation end up in worse shape than when they started. That’s why more individuals are turning to debt relief, an affordable, effective solution that actually reduces what you owe.
If you’re looking for real debt relief near you, don’t fall for the misleading promises of consolidation companies. Keep reading to learn about the dangers of debt consolidation and why working with a debt relief lawyer near you is the smarter option.
The Downsides of Debt Consolidation
Before delving into the advantages of working with a debt relief attorney near you, it’s helpful to familiarize yourself with the numerous pitfalls of debt consolidation and how they can impact you.
Hard Inquiries on Your Credit
When you apply for a debt consolidation loan, lenders run a hard credit check. Unlike a soft check, a hard check can lower your credit score, even if you don’t end up qualifying for the loan. For someone already financially struggling, this can make things even worse, as a lower credit score affects your ability to finance a car or get approved for housing.
Upfront Fees
Many of the less reputable debt consolidation companies charge high fees just to get started. You may be asked to pay hundreds or even thousands of dollars upfront, with no real guarantee of results. Worse yet, some lenders roll those fees into your loan, which means you’ll be paying interest on them.
Unfavorable Offers or Terms
Debt consolidation loans can come with high interest rates and long repayment periods. If your credit score is already low, the loan you qualify for may be more expensive than your current debts. You may also end up repaying more over time than you originally owed.
Freeing Up Credit May Lead to More Debt
Consolidating debt often means paying off your credit cards, which frees up those balances. But if overspending is part of your financial struggle, this can lead to running up your cards again, leaving you in even more debt than before.
Deceptive Guarantees of Quick Debt Elimination
Debt consolidation companies often promise suspiciously fast results. However, eliminating debt is rarely that simple. If a company guarantees that your debt will be gone in just a few months or offers a one-size-fits-all solution, be careful. Real solutions take time and should be based on your unique situation. As the saying goes, “If it sounds too good to be true, then it probably is.”
Ready for a real solution? Contact a debt relief lawyer near you in Denver at The Wink Law Firm for a consultation.
4 Key Advantages of Debt Relief
Debt relief, also known as debt settlement, offers a realistic and affordable way to handle overwhelming debt. Unlike debt consolidation, debt relief actually reduces the total amount you owe by directly negotiating with creditors to settle your debt for much less than the full balance.
Here’s why working with a debt relief attorney near you is the right move.
You Work With Seasoned Professionals
The debt relief lawyers near you at The Wink Law Firm understand how creditors operate. We know what they are willing to accept, which informs how we approach negotiations. That experience can make a major difference in your case’s outcome.
Our Attorneys Protect Your Best Interests
When you hire one of our debt relief attorneys, we represent you and only you — not the lenders. Our job is to make sure your rights are protected, and that no creditor takes advantage of you during the settlement process.
Your Plan Is Customized to You
Everyone’s financial situation is unique. Our experienced debt relief attorneys near you will review your debts, income, and goals, which informs the creation of your custom debt relief strategy. This tailored plan gives you the best chance of success and ensures you’re not forced into a program that doesn’t suit your needs.
You Can Settle for Less Than What You Owe
The best debt relief outcome is settling debts for a fraction of the original amount. Historically, The Wink Law Firm has produced numerous success stories, sometimes settling for as little as 50%. When you work with a professional who knows what they’re doing, this goal is often achievable.
Contact our debt relief lawyers near you to kick off the conversation about how we can help you relieve your financial burden.
Get Real Debt Relief in Denver
If you’re feeling overwhelmed and unsure where to turn, don’t entrust your financial future to a flashy commercial or fast-talking sales rep. You need help you can trust.
At The Wink Law Firm, we focus on debt relief near you that’s honest, affordable, and effective. We’ve helped countless Coloradans reduce what they owe and move forward with confidence.
Call (720) 523-0620 to speak with a debt relief lawyer near you who truly has your best interests at heart.