Debt Relief Programs in NYC

There are many debt relief programs available for people in NYC, Brooklyn, Bronx, Queens, and Staten Island. Knowing what option to go with when you are in debt can be quite difficult. Sadly, not all debt relief programs are effective, and some of them may actually cause you more problems than anything. Learning more about what types of debt relief programs are available is a great way to start, and discover which one will be the most effective for you and your family. In many cases, working with us to actually get rid of your debt and push the credit card companies and banks out of your life once and for all is the best option.

Do Debt Relief Programs Save Money

Most people think that participating in a debt relief program will help to save them money each month. While there are quite a few different types of programs out there, most of them will actually charge you a monthly fee to be part of the program. This means your total monthly expenses will actually go up each month. Some programs are run by charities, and in that case, the monthly expenses would likely remain the same as it would be if you weren’t in the program at all.

What do Debt Relief Programs Do

If these programs don’t reduce your monthly payments, you might be wondering what they the benefit of these programs may be. In most cases, the only real benefit of the programs is that you won’t have to be making the payments yourself. Instead, the program will take control of your paychecks, and distribute the money out to your creditors on your behalf. This can be convenient in many cases, but it certainly isn’t a good option for those who are trying to get out of debt. In fact, these programs really seem more like something someone with extra money would sign up for in order to eliminate the need to send out payments each month.

How to Eliminate Your Debt

It is clear that most debt relief programs in NYC and the surrounding area aren’t really going to be effective at lowering your payments or eliminating your debt. Rather than using these types of options, consider working with us to file for Chapter 7 Bankruptcy. Bankruptcy may seem scary at first, but it is actually one of the only proven solutions for those who are stuck in debt. When done properly, a Chapter 7 bankruptcy can completely eliminate your credit card debt while keeping all your major assets, including your home and vehicles.

Representing Your Interests

We are a law firm that is focused on helping our clients get out of debt. Unlike many other debt relief programs, we are legally obligated to act in your best interests with everything we do. This means we will work hard on your behalf to help eliminate your debts and accomplish your financial goals. To learn more about Chapter 7 debt relief, please give us a call at 1-718-646-5783. Thank you for considering Gursoy Law Firm, your partners in true debt relief for anyone in NYC, Brooklyn, Queens, Bronx, and Staten Island.