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Family Law Attorneys Fight for Families


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Family Law Attorneys Fight for Families

Many parents fail to realize that they are still co-parents even after a divorce. This means no matter what their feelings are toward each other, their goals should always be geared toward the best interests of their children. I am an attorney practicing family law, and I see parents every day who have forgotten that children should always come first. I hope that this blog will remind people that kids can be terribly hurt when their parents get divorced and that it is up to the adults in their lives to provide a secure foundation where they can feel safe and know that they are cared for. Children are often innocent victims of divorce. Learn how to protect your kids.

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The Pros And Cons Of Each Debt Consolidation Option

When you own multiple debts, it may seem easier to pay all of them off with a single debt consolidation loan. Then, you will only need to make one low monthly payment to pay off your debts. However, there are more and less effective ways of consolidating your debt, and you will want to speak with a debt consolidation attorney about the best options for you.

A Credit Card Balance Transfer

Some credit cards have a low introductory APR, or you may even pay 0% APR for 12 months. This will give you a year to pay off your debts before your interest rate goes up again. However, if you are not able to pay off your debts within the introductory period, your credit card interest rates will likely go up suddenly. Also, you will want to make sure that you don't make any purchases.

Loans

You may be able to obtain a personal loan with a lower interest rate if you have a great credit score and if you have a large enough income. Then, you will only have to make one monthly payment to the same location rather than several monthly payments. A professional debt consolidation specialist may assist you in finding the right bank or credit union to receive a personal loan from.

An alternative to a personal loan is a debt consolidation loan. These tend to have lower monthly payments. The downside is that you will likely pay more money in the long term, but it might be the best option for you.

Your Death Benefit

If you have life insurance, you may be able to take out a loan against the value of your death benefit. After this, you will be able to pay off your debts, and your life insurance policy will pay out less to your beneficiaries. The cash value of your death benefit must be good enough to cover the loan amount.

A Home Equity Loan

With cash-out refinance, you will be able to borrow against the equity of your home. Home equity loans usually come with low interest rates, and you will have a very high borrowing cap.

However, you will only be able to take this approach if you have a high credit score. But only a debt consolidation attorney will be able to evaluate your personal situation and will be able to recommend a debt consolidation option that is right for you.