Consolidating your debts means rolling up several smaller bills into one manageable monthly payment - lower than the separate payments combined

Consolidation Options include low-interest balance transfers or credit union loans, credit counseling or debt repayment plans and Chapter 13 reorganization

(602) 266-1212 |(480) 827-0777 | (855) 512-0777

Phoenix Mesa Bell Road Scottsdale Arizona - CONSOLIDATE = CELEBRATE

Sometimes, just having the time to sit down and write out all the checks is a serious obstacle to getting out of debt. Especially when you're not sure how much you've already paid.

Everyday millions of Americans open their inboxes and US mail to find billions in bills, most of it interest, all of it capable of making life miserable if not paid before the due date. Most Americans don't have a clue about where their money goes, and there's never enough to go around. Even during good times, when there's wiggle room after payment of the most basic expenses, those lucky few frequently find it hard to settle into a routine for figuring out which creditors payments are coming due, which have already been paid, how much they said was still owed, who is a priority, who can wait, which one's late fees are worse than the others, which checks have cleared, which haven't... Even when there's money to pay with, figuring out who to pay and how to keep track can be a nightmare.

Combining several smaller debts into one, well-defined loan payment that has a predictable payment and schedule can save thousands each year and add quality of life for you and your family.

If you can pay your debts in dribs and drabs and please all of the people some of the time, as Lincoln said, you might do well as a politician, but you'll probably be out of office before you are out of debt. Banks and credit card companies deliberately structure loan repayment to maximize the repayment period, so they can collect maximum interest. If you pay according to the schedule they offer, you literally pay your balance off over the course of 20-30 years and pay several times more than you borrowed. Relying on the lenders themselves to show you a more economical way is like counting on your cat to feed your fish.

State and Federal Law requires creditors to disclose the terms of their loan agreements in written English that can be understood by reasonably capable adults (if you can read this, you should be able to read your credit card agreement).

Lenders do not always do exactly what the law requires (surprise) and sometimes lawyers take them to court to force them explain the contracts and sometimes courts find their contracts to be, well, unreadable or incomprehensible to average consumers and, consequently, unenforceable. Other times, loan agreements may violate specific provisions of state and federal law designed to protect consumers (who generally have no legal help to review contracts) from banks and corporations (who have hundreds of lawyers on retainer 24/7-365). When you have just one credit card, it might not be too difficult to read your contract and come to understand your rights and obligations. The protections were not always in place and most credit card users are amazed to hear what credit card companies got away with for decades during the secret history of credit cards.

When you have several credit agreements, you have tens of thousands of words written by teams of lawyers trying to comply with the law but generate the maximum profit for their corporate clients (those contracts are not written with your best interests in mind).

A consolidation loan may offer a lower combined payment over a well-defined period of time (you have one agreement to read that applies to the entire amount). A debt management plan offered by an accredited credit counseling agency can also lower the total amount you pay each month and established a predictable path to paying off the debt. Even transferring balances from multiple cards from various lenders onto one, low-interest card can yield a substantial improvement over the chaos of multiple loans and lines of credit with many varied lenders.

Beware of guaranteed approval offers that require upfront fees for debt consolidation loans. Some have a very low approval rate, but keep your upfront application fees even if you are denied. Balance transfer offers sometimes come with teaser rates that apply only for a limited time and then end up costing as much or more than the separate loans you had to start with.

Especially when dealing with online lenders, upfront fees should be a warning sign that you might be in for disappointment. When considering applying for consolidation credit, ask lots of questions up front. If they cannot answer your reasonable questions about credit rating requirements, up front fees refunds, initial rates, scheduled increases, maximum rates and life-of-loan, you should probably keep moving.

Look for Online Reviews of the lender you are considering for a consolidation loan. Check to see if they are registered with the Arizona Corporation Commission and Banking Commission. If they're getting sued, read up on them to find out why before you sign on the dotted line.


Debt management plans are a great way to get control of your credit cards and legitimate debt management services are regulated by Federal Law. THERE ARE MANY SCAMS. If you fall in with a disreputable firm, you are likely to end up worse off than when you started. A little homework may save you a trip to the cleaners.

If your credit score limits your debt consolidation loan options, debt management plans have millions of success stories and deserve serious consideration. So long as all the creditors agree to go along with it, credit counseling through an accredited debt management service can work wonders.

With legitimate, well-regulated, accredited debt management programs, the most common weakness is the inability to force creditors to go along with the program. Your representative from credit counseling can do an excellent job of organizing the information about your debt, making accurate lists, estimating your income and expenses and ability to pay, and can reach out to all of your creditors and make contact with the people who have authority to make deals and go along with a very reasonable, fair, feasible and survivable plan. And most or all of your creditors may accept the proposal. Some might just stay quiet and neither accept it nor reject it. For a while at least, a well implemented debt management plan can ease tensions between you and your creditors and take the pressure off while you make progress towards paying off your debts.

If one or more of your creditors decides not to go along with the program and sues you instead, the resulting wage garnishment could bring the whole plan to a screeching, disappointing halt.

The biggest flaw with debt management services, aside from the scam artists and shams that pervade the industry, is that they are unenforceable. In almost any debt management plan, one or more creditors go along with it on a completely voluntary basis and, if they change their minds, come under new management or regulation, sell your account to a debt buyer or charge off your account and assign it into oblivion, where it will rest for a few years before coming back to life more aggressive and overwhelming than ever, then the plan ultimately fails.

As Phoenix area Bankruptcy Lawyers, we see many disappointed consumers who pursued debt management plans only to find one or more creditors ultimately refused to participate and filed suit against our clients instead, which ultimately forces them into a bankruptcy filing.

Debt consolidation in bankruptcy court is the only form of reorganization guaranteed under Federal law. Creditors do not have the option of refusing to go along with your Chapter 13 or Chapter 11 plan of reorganization. Those who fail to abide by the law face stiff penalties and can actually end up owing you money. Before you make a substantial investment of time or money in any debt consolidation loan or debt management plan, call us for a free pre-qualifying evaluation by phone. We'll be able to tell with near complete certainty (give or take a few dollars) how your plan of reorganization would work, how long it would take, how much you would pay each month and overall, usually within about an hour.

Taking out high interest, short-term loans, paying up front fees for consolidation or debt management and pledging your home, retirement accounts or vehicles for emergency loans could be something you regret later on. Get advice from EXPERIENCED QUALIFIED LAWYERS (not paralegals, not beginners) before mortgaging your family's future.

(602) 266-1212 |(480) 827-0777 | (855) 512-0777

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