The Truth About Debt Consolidation And Debt Relief

If you are struggling with credit card debt or overall debt and feel like you're drowning pay attention because here's a life preserver.

In today's insane economy where the polititians, Wall Street, and the bankers have thrown out all the rules and stopped the world and US economy in it's tracks, you are probably wondering how to deal with all of your mounting debt.

Maybe your house is worth what you paid for it, you may have lost your job or been laid off, or you're making half as much money as you used to. You are desperate to find real solutions to debt consolidation and debt relief. The question is finding a solution that works!

Every time you turn the news or surf the Internet, you see hundreds of advertisements offering to solve your debt problems, help you consolidate your debt, or even eliminate your debt. Many are scams however here's a quick guide and some good news.

The good news is that you really can negotiate debt reduction, consolidate your debt, and get some debt relief. The real challenge is in finding someone that knows how the debt consolidation, debt reduction and debt relief business works.

If you have a friend who's gone through this and found a good lawyer that specializes in debt consolidation, debt reduction and debt relief as well as bankruptcy get their name. It's worth its weight in gold. If you don't have a referral to a good lawyer be very, very careful. Many lawyers are focused on one thing, making money, and they will do it at your expense. Do your research and make sure they really specialize in debt relief before you give them one cent.

The crazy thing is that the credit card companies and banks will, many times, offer to reduce or consolidate your payments when you become 60-90 days or more late on your payments. It's almost as if they know what they've done and they're scrambling to get things back on track. Just be very careful when negotiating with banks or credit card companies as they have little or no integrity nor your best interest at heart. They will tell you one thing but if you don't have it in writing they will not stick to it. That's why a good lawyer is worth their weight in gold.

So here are three tips

One-Hire the best best debt relief and debt consolidation lawyer that you can locate.

Two-Be wary of any debt consolidation company that does not have a lawyer on staff. It's one thing to pay a lawyer up front, and it's another to pay a fly-by-night company that will probably run off with your money when they discover that they can't negotiate your debt for you. Or worse yet is that you could have negotiated the same settlement without them.

Three-Learn everything that you can on debt management and how to eliminate your debt so that you don't ever have to address this terrible situation again!

by: Derek D'Krief

POST COMMENT

Debt Consolidation Loans: Solving Debt Problem Easily Debt Consolidation Loans - Repay Different Loans At Once. Debt Consolidation Uk: Grab The Deal For Your Unlimited Debts Issues Debt Consolidation Loans: Solving Easily Debt Related Queries Debt Consolidation Loans - Helping Individuals In Concentrating On Their Work Debt Consolidation Loan - A Wise Decision Debt Consolidation Loans Deals Look No Further Than Secured Loans And Remortgages For Debt Consolidation. Which Method Should You Use Debt Consolidation Or Settlement? Debt Consolidation Loans, Secured Loans And Remortgages To The Rescue Of The Spend Thrifts. Is Debt Consolidation The Solution? Solving Your Problems With Debt Consolidation Is Christian Debt Consolidation For You