Debt Consolidation
Are you falling behind on your mortgage? Is interest from your credit cards accumulating faster than you can pay it off? If you are feeling financially overwhelmed and like you simply can't get ahead no matter what you do, debt consolidation may be the solution you're looking for. You have multiple avenues to consider when pursuing debt consolidation, including taking out a settlement loan, working with a consolidation company, and filing Chapter 7 and Chapter 13 bankruptcy, which each have pros and cons. It's important to consult with a knowledgeable legal professional to ensure you fully understand your options. When you need debt consolidation assistance in the Antioch, Lake County, North Chicago, Round Lake, Waukegan, and Zion, IL areas, turn to the professional bankruptcy attorneys at Kenneth S. Borcia & Associates to schedule an appointment.
There are a few things to consider before deciding if debt consolidation is the right option for you. If your debt (not including your mortgage) does not surpass about 40 percent of your income and your cash flow regularly covers your payments for debt, debt consolidation may be an appropriate option for you. One of the most important things to consider is a plan to prevent accumulating debt again.
If you are interested in learning more about debt consolidation, give us a call. If you are looking for a bankruptcy lawyer, Kenneth S. Borcia can help. We will discuss all of your options and determine which is the best solution for your unique situation. Contact our team to learn more about our debt consolidation and debt relief attorney.