Tag: consolidate

Do I Kwalify?

Questions about debt? Too nervous to call? No problem – check out KwalifyMe to get the answers!

When you are struggling with debt, trying to find answers can be tough. If you are trying to figure out different options including bankruptcy, consolidation and OTHERS – you should check out www.kwalifyme.com. Filling out the information will answer:

– Cost of bankruptcy
– Cost of consolidation
– Debt to income ratio

You can also get the following:

– Median Income score
– Creditor analysis
– Bankruptcy bar calculator
– Lawsuit search
– Debt consolidation score
– Experian “soft pull” report (doesn’t show up on  your credit)
– Experian credit score
– KBB vehicle value


If you have questions, you will get answers. It’s very cool and if you want to discuss your situation further, Geraci Law is available. It’s as easy as 800 CALL PFG.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 30,000 5-star reviews since November 2016!

Are Your Financial Goals Out of Reach?

Struggling with debt and tired of owing? Bankruptcy might be the BEST option for you to get on financial track!

Are Your Financial Goals Out of Reach?

Do you have financial goals? Do you want to own a car? Own a house? Be able to save for retirement? If you owe a substantial amount of debt – these goals can be out of reach. No one plans on becoming inundated with debt – but sometimes life happens and you simply get in over your head.

Not being prepared for the UNEXPECTED can cause debt to snowball and savings to dwindle. Sometimes it’s bad luck, sometimes its job loss, currently it’s a pandemic causing havoc on everyone’s wallets. So what do you do if you owe money and have financial goals?

Cut Expenses

Financial planners may say to cut out the unnecessary expenses and live within a budget. That’s great advice – living within a budget AFTER you get out of debt can help you stay on financial track to meet your goals.

Cutting expenses may not help if you are ALREADY overburdened with debt.  If you have $20,000 balance with 18% interest – paying the minimum balance will take over SIXTEEN years to pay off the balance. Think about the past 16 years – were your finances stable? Did you work the same job with the same expenses with no unexpected expenses? Probably not.

Debt consolidation

Debt consolidation or debt settlement is a common choice for people with debt. Companies advertise cutting minimum payments and interest rates with the promise of LOWERING the monthly bill.

The reality is debt consolidation or settlement does NOT work for people with a large amount of debt and low amount of savings. You could pay the consolidator thousands for the “service” and be in debt even longer.  Your credit score is STILL negatively affected. There’s NO protection for you if the bill collector rejects the proposal and decides to sue any way.

Bankruptcy 

With bankruptcy you are using FEDERAL LAW to get control of your finances. Chapter 7 bankruptcy eliminates your unsecured debt and a Chapter 13 is a court supervised repayment (or consolidation) of your debt. You are using federal laws put in place to help YOU.

Think about your financial goals. After filing a Chapter 7 bankruptcy, you have a fresh start. If you create a budget and stick to it, you could have a savings account. So when the unexpected happens, you do not have to rely on credit to make it. If bad luck happens – you do not need to use the credit card to buy groceries. SAVING money is a very powerful thing.

Chapter 13 is ONE monthly payment to cover your bills. Unlike consolidation – a Chapter 13 is structured into a 3-5 year repayment plan. It will NOT go longer than that. If the unexpected happens during your Chapter 13 – that’s why you have Geraci Law on your side. We’re a phone call away to adjust your plan if necessary.

If you want to talk about your financial goals and your debt – Geraci Law is here. We offer free consultations with our experienced attorneys to give you options for your debt.

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 25,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

Debt Settlement & Consolidation – What You May NOT Know 

Debt Settlement & Consolidation – What You May NOT Know 

You see the commercials. You get the ads in the mail. Debt Settlement or Consolidation. When something seems too good to be true, it often is. Many of these “programs” turn out to be scams or schemes.

Sometimes, there ARE cases where debt settlement makes sense. Geraci Law can help! You can meet with an attorney for FREE to determine your BEST plan of action.

What they don’t tell you about debt consolidation:

  • Anything settled CAN BE taxable income. If you settle a $10,000 bill for $1,000 – the difference or $9,000 can be considered taxable income. So at the end of the year, you may receive a 1099-C form from the creditor. Debt discharged in a bankruptcy is NOT taxable income.

 

  • Some creditors do NOT settle. Debt settlement or consolidation is NOT a guarantee. There is no law that forces creditors to accept a smaller payment. If you file for bankruptcy, you are using federal law to get financial help. There are laws in place to protect YOU. Geraci Law is here to help you get control over your finances.

 

  • Your credit still takes a hit. Some agencies will tell you to stop paying the debt and let it go into collections. Then they will work with the collection agencies for a settlement. This takes TIME. You will get collection calls and maybe even SUED by the time the agency attempts to settle. With Geraci Law, you can file in as little as ONE day to stop all collections. This means no phone calls, no lawsuits and no more debt.

 

  • No time frame. There’s no time frame for debt settlement or consolidation. At best, they can give you an estimate but it could go longer. A Chapter 13 debt repayment is structured into a three or five year repayment plan. You have a structured plan in place rather than an indefinite amount of time. Geraci Law will help you determine the fastest way to get control over your financial situation.

 

  • Creditors CAN still sue you. That’s right, there is no legal protection with debt settlement or consolidation programs. If a creditor refuses the settlement offer, they could file a lawsuit in attempt to get a judgment or garnish your wages. Bankruptcy STOPS the collections. Creditors violate Federal statutes if they file lawsuits against you or even continue to call you while under Federal Bankruptcy protection. You hire Geraci Law and we help you from the initial phone call until the end of your case.

 

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 25,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com

Retire Your Debt – Don’t Withdraw!

Retire From Your Debt With PFG 

Many young people (as many as 6 out of 10 ages 18-34 from a E-Trade study in 2018) are taking money from retirement accounts to pay debt! The money is there so you CAN retire. Instead of raiding the retirement account, think of bankruptcy with Geraci Law.

Geraci Law attorneys and staff are financial experts. We’re here to figure out a plan to help with your debt WITHOUT withdrawing loans from 401Ks or other retirement accounts. You get control of your financial situation without paying the HUGE penalties and tax consequences for the early withdrawal.

Chapter 7 bankruptcy can eliminate your obligation to the debt. Geraci Law can help you protect assets (like a retirement account) and eliminate debt like credit cards, medical bills or personal loans. A Chapter 13 is a repayment plan to PAY the debt and make it affordable.

Make a hardship or 401K withdrawal your last resort. Do not take money from retirement unless you are RETIRING. Call Geraci Law first – our bankruptcy experts can help!

Dial 1-800-CALL-PFG for a free phone mini-consultation, or make an appointment online 24/7 at www.infotapes.com.  Bankruptcy laws are in place to help you.  Who knows bankruptcy like Geraci Law?  Geraci Law has 20,000 5-star reviews 5starsince November 2016!

Read ALL ABOUT DEBT RELIEF at www.bankruptcybookbypeterfrancisgeraci.com.

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