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Finding Out Your Full Debt

April 17, 2012 | Comments: 0 | Views: 155

Debt has consumed our nation in recent years. There are many reasons for why that average person is thousands of dollars in debt some people have been demoted or lost their jobs while others were not able to curb their spending until it was too late. No matter what the reason is for why a person is in debt there is still the issue that they are in debt and need to find a way to get themselves out of it.

Once debt reaches a certain level the average person no longer pays attention to the amount of money that they owe, but simply the payment that they are required to make. It may seem like a minor fact when you are drowning in debt, but it is crucial to know who your creditors are and how much you owe to each one of them. This can get to be rather confusing because more often than not the average person has more than one line of credit from the same company.

Credit debt consolidation is a serious business, and it is important to understand that the profit free creditors that you often see advertised will not really be able to help you. The only person that can be extremely helpful in debt consolidation situations is a debt consolidation attorney. They are well-trained in the credit terms as well as have a thorough understanding of the laws that apply to both you and the creditors. They will be able to work directly with each one of your creditors in order to help create a manageable payment plan that will eventually help to rid you of your debt.

Many people will often try to work out a payment plan on their own, and some will succeed. The first step in creating your debt consolidation plan is knowing the total amount you owe and to which creditors the money is owed. A lot of people fail in trying to work out their own payment plan, and this is why many feel that employing the services of a qualified debt consolidation attorney actually saves them money in the long term. Most debt consolidation attorneys nation-wide will be happy to meet with your and give you their opinion on your situation before you have to proceed with their services or pay anything out-of-pocket. It never hurts to meet with them and get their opinion on your debt and build a strategy to consolidate it.

Melvin R. Singleterry, owner of Associated Attorneys is a practicing debt reduction attorney who specializes in Consumer Debt Law and debt reduction. Singleterry, who holds a Bachelor and Master of Arts degrees from Oklahoma State University and a Juris Doctor from The University of Oklahoma, has practiced in both State and Federal Courts.

Singleterry served pro bono as legal counsel for The Albert Schweitzer Society, USA, Inc. He organized and operates Associated Attorneys, LLC., a corporation dedicated to assisting consumers obtain legal counsel for help with negotiation and settlement of their unsecured debts.

Source: EzineArticles
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