IN PLAIN LANGUAGE
Debt consolidation: compare before you borrow
One payment can be simpler. Check whether it also fits your budget.
Bring the papersBring notices, statements and dates.
Tell us what mattersExplain your concerns and what you want to understand.
Illustration—not an actual client, staff member, or case.
Compare your optionsAsk about choices and practical next steps.
Read the full guide and details
A new loan is still a debt
Consolidation uses new borrowing to repay existing debts. A lower monthly payment may mean a longer repayment period and a higher total cost. Review rates, fees and the full repayment schedule.
Compare different approaches
A consolidation loan, a negotiated settlement and bankruptcy are different options. Our office provides legal advice, not loans. We can discuss your situation without assuming bankruptcy is the answer.
Bring the actual offer
- The complete loan offer, including rates and fees.
- Statements for the debts you want to combine.
- Your monthly income and necessary expenses.
- Any lawsuit or collection notices.
Ask before signing
What will this cost altogether? Can I afford the payment? What happens if my finances change? Bring those questions to a free initial in-person consultation.
Further reading
- CFPB: What to know about consolidating credit card debt
- CFPB: Credit counseling, settlement and consolidation compared
General information, not advice about your individual case. Options depend on your circumstances. The initial consultation is free. Any fees and costs for legal representation will be discussed before you hire us.