Are there good Consolidation Plans in Delray Beach?

Debt Settlement in Delray BeachWhen you’re struggling with high amounts of debt, it can seem like there is no way out. It’s easy to pile up debt and seemingly impossible to become debt free again. Medical bills, credit cards, loss of job and many other factors can cause us to fall into debt. If you’re looking for a way out, a debt consolidation plan may be an option for you. Before trying a consolidation plan it’s important to speak with a knowledgeable attorney. There are many debt consolidation plans that promise to erase your debt, but really don’t help you at all and can cause you to fall further into debt. Our attorneys at The Law Offices of John E. Mufson are here to help you find the best way to eliminate your debts.

Should I consider a Consolidation Plan?

While there are some debt consolidation plans that can work, many should be viewed with extreme caution. John E. Mufson and his attorneys generally advise his clients to stay away from debt consolidation plans, for a few different reasons. Often times you will be required to make a large upfront payment, something that is difficult for many to do when they are in substantial debt. These companies also often charge you a fee, meaning that the money you might think is going to pay your debt is actually just going to the consolidation company in the form of fees.

There are many so called debt consolidation companies that are only open for a short amount of time. They open and work just long enough to take people’s money, and then close down. It’s important to beware of debt consolidation scams and to be very cautious before you sign up for a debt consolidation plan. While in theory it can seem like a good idea, many times they are scams and they can leave you with more debt than you started with.

If you are looking for a way out of debt, call our attorneys at The Law Offices of John E. Mufson today. We can help you find the best solution to eliminate your debt. While we know it’s easy to fall into debt for many different reasons, it can be hard to climb back out of debt. Make sure you don’t get scammed when you look into debt consolidation programs. If you are struggling with debt, the first step is to speak with an experienced debt consolidation attorney to learn all the options you have for debt relief.