Debt Consolidation Lawyer in Orange County, CA, Helping Clients Achieve Financial Stability

Debt consolidation is a frequent buzzword in today’s economic climate. For those with excessive consumer debt, such as credit cards, medical bills, or payday loans, it may sound like an attractive alternative to bankruptcy. In reality, however, it’s often the banks and lending agencies that profit most from this financial strategy. While it may be the right option in some cases, speaking with a debt consolidation lawyer in Orange County, CA is always a smart move.

At the Law Office of Patrick O’Kennedy, you’ll work with an experienced attorney who has helped clients achieve the best outcomes in their situations for two decades. Overwhelming debts can be scary, but a debt relief lawyer can help you through the whole process. And don’t let the fact that money is tight deter you from seeking advice from an attorney. Our law firm offers initial consultations so you can get started on the path to financial stability now.

What Is Debt Consolidation, And Can It Help Me?

Debt consolidation involves rolling multiple debts into a single account. If you’re a new client at a credit card company, you’ve likely received offers to transfer balances from other companies to your card. This is a popular form of consolidation. Many people who are in debt also seek services from loan companies to consolidate their debt. They use this loan to pay off what they owe other creditors, and then they only have a single payment to make with the loan provider.

In either situation, the amount of current debt you owe does not change. This is why many people go the route of filing for bankruptcy when they need debt relief. In reality, consolidation is often best for individuals who have a manageable level of debt and just want to simplify their payments. For instance, you can avoid making multiple payments, on multiple dates, with multiple interest rates by simply combining all debts into a single payment.

While this may be a beneficial approach to your situation, those in extreme debt likely will not benefit. Consolidation can certainly reduce the amount you pay over time—particularly if you consolidate to a lower interest rate—but it doesn’t change what you owe now. This is why you should speak with a debt relief lawyer before making any decisions. At the Law Office of Patrick O’Kennedy, we provide debt relief representation for a single, affordable flat fee with no hidden costs.

We will examine your situation and help you determine the best path for permanently eliminating your debt.

Is It Possible Debt Consolidation Won’t Help?

In many ways, debt consolidation is merely a band-aid that often fails to address the larger problem of mounting debt. If you obtain a debt consolidation loan, the amount of debt you owe doesn’t change. This means you’ll still have to pay bills you may not be able to afford—you’ll just be paying one creditor instead of many.

For some people, this is a great alternative to bankruptcy. That’s especially the case if you just had a temporary setback but have current income that’s not going towards essentials. If you’re drowning under a mountain of debt, however, filing for bankruptcy may be a better option. Attorneys who handle these filings can submit all the necessary paperwork to get things rolling.

With bankruptcy, you may be able to permanently erase your consumer debts once and for all. Your creditors will no longer be able to harass you. Efforts to garnish your wages or repossess your property will also come to a halt. For many people, filing bankruptcy is a far better plan of attack than debt consolidation. An online blog cannot provide the customized advice attorneys offer, though, so take time to meet with a legal representative today.

How Can a Law Firm Help My Debt Situation?

It’s possible to seek financial relief without establishing an attorney-client relationship. In fact, this is exactly why we offer case evaluations at the Law Office of Patrick O’Kennedy. We don’t believe that anyone who’s in debt should have to pay more out of pocket just to learn about their options. There are significant benefits to seeking out legal services. However, that can help you through the entire process of overcoming debt.

The most important benefit is a better understanding of your situation. Experienced legal advice will help you gain a firm grasp on your options. At times, this means debt consolidation attorneys may recommend bankruptcy instead. Regardless of the debt relief route that’s best for you, though, skilled legal counsel can get every creditor off your back.

The best thing that attorneys provide, however, is time and peace of mind. Whether this means making bankruptcy easy or working to negotiate with creditors, the primary focus is to take the burden off your shoulders. Let a legal professional handle the entire process for you so you can focus more on what matters in life.

Contact a Debt Consolidation Lawyer in Orange County, CA Today

The burden of debt is faced by millions of Americans, but for some, it can become overwhelming. Once a creditor is breathing down your neck, it likely seems as if they’ll never go away. And with threats of litigation, wage garnishment, and foreclosure, it may be difficult to see any light at the end of the tunnel. Fortunately, financial relief is possible. With experienced legal representation on your side, it’s possible to get out from under the burden of debt and start your life fresh.

At the Law Office of Patrick O’Kennedy, you’ll work with a professional debt consolidation lawyer in Orange County, CA whose sole focus is your financial well-being. Whether consolidation might work in your situation or you’d benefit more from the bankruptcy process, you’ll receive thorough explanations of all your options and how to move forward. Contact our law firm today by calling (714) 919-1855 for a case evaluation at our local office. You don’t have to face the burden of debt alone.