If you are struggling to make your payments, you are not alone. Many people are finding themselves in the same situation. In fact, the Consumer Financial Protection Bureau (CFPB) reports that the average consumer has $5,700 in credit card debt alone.
If you are struggling to make your payments, you may qualify for relief under Michigan’s Consumer Protection Act. Filing for bankruptcy may be the right choice for you. While you will likely have to fulfill your debt obligations, you may be able to discharge your unsecured debt. This means you will no longer be responsible for paying back credit card debt, medical bills, and other unsecured debts.
If you are considering filing for bankruptcy, it is important to speak with an experienced bankruptcy attorney as soon as possible. At WBK Bankruptcy. we understand that you are likely struggling to make ends meet and are looking for a solution. We are here to provide compassionate and understanding legal guidance as you move toward financial stability.
If you have several credit cards, you may be able to consolidate your debt by transferring the balances to a single card. However, if you are only making the minimum payments on each card, you will not be making any meaningful progress toward eliminating your debt.
Consolidating your credit card debt may not be the most effective solution if you are only making the minimum payments. Instead, you may want to consider a debt consolidation loan. This is a personal loan that you use to pay off all of your other debts. You then have a single monthly payment and have a set time period to pay off the loan.
Once you have consolidated your debt, you will want to create a budget to track your spending and determine how much you can afford to pay each month. You may also want to consider other debt consolidation options, such as a debt relief program or a creditor harassment defense.
At WBK Bankruptcy, powered by Wolfson Bolton Kochis PLLC, we believe that everyone deserves to have access to experienced legal representation. Our Troy debt consolidation lawyers have decades of experience helping people like you find solutions to their debt problems. We are committed to helping you find a way to financial stability.
Once we have a better understanding of your situation, we will be able to recommend the best course of action. This may involve filing for bankruptcy to discharge your unsecured debt. We will work with you to navigate the bankruptcy process and make sure you get the relief you need.
Taking action toward financial stability is the right decision for you. Our Troy debt consolidation lawyers can provide you with the compassionate legal guidance you need. We can help you find a way to a brighter future.
Do not wait to get the assistance you need. Call (248) 247–7070 or contact us online to schedule a no-obligation free consultation with our debt consolidation lawyers.