Posts Tagged ‘Lower payments’
Many people who can pay their bills are faced with the dilemma of filing bankruptcy or choosing some form of debt consolidation. A debt consolidation program (sometimes called debt management) means working with a law firm or debt consolidation service who will arrange lower payments to your creditors. Once you start a debt consolidation program it is very likely that your creditors will stop harassing you by phone or mail. At Miller & Miller we handle debt consolidation. We take care of the paperwork with your creditors so you will not have to deal with your creditors directly. The advantages of debt consolidation is that it is not a bankruptcy. It is discreet, confidential and there is no information given to your employer, although a debt consolidation program will generally appear on your credit report. Unlike a bankruptcy where you lose all of your credit cards, a debt consolidation program may allow you to keep a credit card for future use.