Tackle Your Debt With the Help of a Reputable Attorney

Thousands of people in Arkansas struggle with crippling debt. If most of your monthly budget goes to paying down debt, a debt consolidation attorney from Crawley Law Firm can help you improve your financial situation.

Types of Debt

There are two types of debt. Secured debt requires collateral, while unsecured debt is approved based on the credit score of an individual. Most people find themselves in financial trouble due to unsecured debts. Some types of unsecured revolving debt include:

• Credit card bills
• Payday Loans
• Medical expenses

Benefits of Debt Consolidation

Each line of credit has its own interest rate. If you have multiple types of debt with high-interest rates, you may have trouble paying it off. Most of the money you pay on debt each month goes to interest rather than the principal, and since you are using so much of your budget to pay off debt, you may rely on credit cards to cover expenses at the end of the month, furthering your financial problems.

Debt consolidation with a Chapter 13 bankruptcy eliminates the need to pay down multiple lines of credit. You make one monthly payment to the Trustee, so you save a significant amount of money on interest. You also avoid the problem of remembering various due dates so you no longer have to worry about accidentally missing one.

We Serve All Of Northeast Arkansas including:

• Batesville, AR
• Forrest City, AR
• Jonesboro, AR
• Mountain Home, AR
• Osceola, AR
• Paragould, AR
• West Memphis, AR