Debt consolidation is when you borrow money from one lender to pay off multiple other lenders, attempting to get a better interest rate in the process. With debt consolidation, you are combining multiple smaller debts into one larger debt. A prime candidate for debt consolidation is someone who has good credit, has been consistently paying their bills on time, and will be able to consistently pay their bills on time going forward. There are 5 general types of debt consolidation we present as options to our clients:

• Borrowing from Friends & Family
• Balance Transfers
• Unsecured Consolidation Loans
• Secured Consolidation Loans
• Hybrid Consolidation Loans

At S.J. Packman & Associates, before we make any recommendations, our attorneys, certified debt specialists, and paralegals, are trained to ask the right questions to find out about your specific situation. Based on your current income and your financial hardship, we will determine which course of action will work best for you. We do not only offer one path, as there is no one process that can solve everyone’s needs. We will take our time with you and help evaluate what your best course of action should be. Call now and one of our advisors will be there to get you started on your path to financial freedom. There is no obligation to enroll, so don’t delay.