Debt Consolidation in Kansas
Speak with Our Kansas Debt Consolidation Attorney
Debt consolidation may be useful for the debtor. It provides you with the
convenience of having only one payment to make rather than many. You may
achieve a lower interest rate than your credit cards currently provide
and even negotiate a reduction in the overall amount of the debt. But
you need to be aware of certain pitfalls in debt consolidation which an
experienced attorney can help you avoid. If you are living in Kansas and
considering debt consolidation, you are urged to contact a
Kansas Bankruptcy lawyer.
Points to Consider in Debt Consolidation
Can you afford to pay the new consolidated bill? - This is obvious. If the overall bill is too much, you have saved nothing.
Is the interest variable? - The new payment may look fine but does your creditor have the option
of raising the interest to a point where you cannot afford the payment?
Are you switching from unsecured debt to secured debt? - You need to be careful about this. If your current debt is unsecured,
you may discharge it if necessary through bankruptcy. But if your new
loan is secured by your house or car, you will lose your house or car
if in the future you cannot pay the debt.
Have you considered Bankruptcy Chapter 13? - Bankruptcy Chapter 13 affords a debt consolidation plan whereby you pay
your debts back over a three to five year period and keep your property.
You also pay back your unsecured debts
Seasoned Kansas Attorney Available to Evaluate your Debt Consolidation Plan
We of Rick Hodge, Attorney at Law, are a law firm dedicated to helping
Kansas consumers with their debt difficulty. We will help you no matter
where you live in Kansas by phone consultation. We will learn about your
situation and evaluate your debt consolidation options. If you choose
the bankruptcy option, you will need to make one trip to Wichita for a
meeting of creditors; otherwise you may do everything from your home.
Contact a Kansas Debt Consolidation Lawyer
at the firm for experienced help with your Debt Consolidation.