Buffalo NY Debt Consolidation Attorney

Proficient Debt Consolidation Counsel from an Accomplished Buffalo Firm

Guiding clients in the greater Buffalo area through debt consolidation since 1980

At the Law Offices of Randy H. Gugino, we have been helping clients in the Buffalo and greater Western New York areas overcome their debt for more than three decades. Our proficient bankruptcy law services have acquired a reputation for giving clients the dedicated and trustworthy guidance they deserve. Please allow us the opportunity to guide you through your debt issues by carefully assessing your case to advising you on the best course of action.

What is debt consolidation?

Debt consolidation combines multiple unsecured debts into one monthly payment. Our experienced Buffalo lawyer clarifies the many advantages and disadvantages of debt consolidation, as well as the reasons for pursuing consolidation, including:

  • Too many bills: Do you have several credit card bills to pay each month? Are you missing payments because you can’t keep track of your bills? Debt consolidation combines your debts so you only have one bill to pay each month.
  • High monthly payments: In some cases, debt consolidation can lower your monthly payments.
  • High interest rates: Debt consolidation plans are often used by individuals who have high-interest credit card debt.

It is important for you to understand that debt consolidation companies are businesses – and like any business, their primary concern is profitability. While debt consolidation can be beneficial to some people, for most, it can actually further damage credit. There is also no guarantee that debt consolidation will lower your monthly payments. An experienced debt consolidation lawyer can help you determine whether consolidation is the right option for you.

What is the alternative to debt consolidation?

Chapter 13 bankruptcy can be an effective alternative to debt consolidation – allowing you to pay off your debt faster. This type of bankruptcy lets you create a plan based on your income and your expenses, resulting in monthly payments that are often less expensive than those associated with debt consolidation. At the Law Offices of Randy H. Gugino, we realize that debt consolidation and bankruptcy can be complicated, especially if you are facing a large amount of debt. We thoroughly answer all your questions and give you professional advice on how to move forward.

Personalized Bankruptcy and Debt Consolidation Plans in Buffalo, NY