Debt Relief & Consolidation
Charlotte Bankruptcy Attorney
If you have numerous loans and are having difficulty managing the multiple payments, our experienced bankruptcy attorney at Schwilm Law Firm, PLLC can help. We listen to your individual circumstances and fully explain your debt relief options. If you decide that debt consolidation is beneficial, we provide persuasive negotiating skills in dealing with your creditors. Having us by your side significantly increases the likelihood that your creditors deal fairly and openly with you and ultimately of achieving a positive result.
Your Rights as a Debtor
A debtor has many protections under the law. For example, for a loan with a fixed term, a creditor must provide you with information regarding the:
- Amount financed
- Payment scheduled
- Total dollar amount of payments
- Total sale price, including the down payment, if the creditor is also the seller
- Property, which the creditor can take if you do not pay on time
- Other terms and conditions of the loan
Our attorney at Schwilm Law Firm, PLLC can help you pursue your rights as a debtor and achieve the debt relief you want to establish financial freedom. We listen to your goals and help you determine if refinancing, consolidation or bankruptcy is the most beneficial solution to your financial troubles.
Consolidating Your Debts Into a Lump Sum
Debt consolidation may be a good choice for you when you are unable to manage multiple debts and make several payments each month. The debt consolidation process involves our Charlotte bankruptcy attorney negotiating with your various creditors to pay off the loan by obtaining a larger, single loan. Many times, we can negotiate a payoff amount for less than what you actually owe your creditor. By obtaining a single loan, you can pay off your total debt at a more affordable, predictable pace. Debt consolidation makes the debt repayment process easier and faster. Our goal is to save you money and help you pay your total debt as quickly as possible.
Avoiding Debt and Getting Out of Debt
If you are trying to get out of debt and avoid additional debt, below are a few tips to consider:
- Pay with cash whenever possible.
- Set a budget and stay within your spending limits.
- Avoid impulse purchases.
- Compare prices before making major purchases.
- If you cannot avoid borrowing money, use the lender that offers the lowest interest rate.
- Closely monitor your bank account to avoid bank overdraft charges.
- Always pay more than the minimum payment on credit card bills if possible.
To learn about other strategies for avoiding debt that could benefit you and your family, discuss your individual situation with our knowledgeable and skilled lawyer at Schwilm Law Firm, PLLC.
Contact a Charlotte Bankruptcy Lawyer
If you are facing financial difficulties in the Charlotte metropolitan area, call Schwilm Law Firm, PLLC at 704.567.5252 or online. We invite you to schedule your free initial consultation at our office, conveniently located in Charlotte, North Carolina and offering ample parking.