The United States is faced with a growing problem of credit card debt and other forms of unsecured debt. If you have a similar problem, know that you are not alone. There are a lot of people struggling with debts. It is also important to be careful because there are shady credit counseling agencies and other organizations that will rob you of your hard-earned cash – without any intention of counseling or helping you in your debt issues. Debt settlement is risky and may not work for you.  It could sometimes result in prolonged financial agony. This is the reason why it is best to consult an experienced bankruptcy attorney in Arizona if you are considering bankruptcy or debt consolidation.

Don’t worry.  There are options available to you.

Ignoring your growing credit card debt is not the best action.  Your debts will not go away simply because you keep avoiding the calls from the debt collectors.  You need to acknowledge your financial problem, study the different options, and seek counsel from a debt settlement attorney before making big decisions.

As mentioned, there are options you can take. However, these should be taken cautiously and with the help of a knowledgeable bankruptcy attorney to prevent aggravating your situation:

  1. Collaborate with your creditors– Getting in touch with your creditors and informing them of your situation can usually get you reduced interest rates and other advantages. However, you have to make sure that you are clear on how you want to go forward before you contact them.
  1. Consolidate your debts– A very popular choice is debt consolidation because it saves you the hassle of keeping track of several deadlines of multiple bills.  There are many debt management programs available and studying each one may be an overwhelming task.  Working with a skilled bankruptcy lawyer in Arizona is a good move to choose the best program for you.
  1. Consider arbitration– You might want to look into arbitration to lower the amount of debt you need to pay and have the rest forgiven by your creditors. Arbitration is a great way to deal with your debts, but it can be tricky and could lead to a shorter end of the stick for you if you go into it alone. Professional legal advice is necessary so that you can be sure that the agreement with the creditors will benefit you.

Contact an Experienced Bankruptcy Attorney Today

Don’t take the risk of getting yourself in deeper trouble. Seek advice from one of the best bankruptcy attorneys in Arizona now. We, at Zolman Law, will be very much obliged to work with you in securing your financial future.