Downtown Los Angeles
1516 South Broadway
Los Angeles CA 90015
Tel: 877-LA-LAW-911
Tel: (877)-525-2991
Direct: (213)-748-7734
Fax: 213-748-8879
email: info@jemranilaw.com
West Los Angeles
1964 Westwood Blvd Suite 435
Los Angeles California 90025
Tel: 1-877-LA-LAW911
Tel: (877)-525-2991
Tel: 310-474-5300
Fax: 310-474-5355
email: info@jemranilaw.com
Debt Consolidation
Debt Consolidation may help if you can obtain a lower interest loan to pay off all of your higher interest debt. However if you already have a lot of debt, this usually requires borrowing against an asset (such as a home or land) that you pledge as collateral. You are essentially converting your unsecured debts (credit cards for example) to secured debt (perhaps a second mortgage). While the interest may be lower, the risk of losing your property increases should you be unable to make timely payments. If there’s any chance that you may eventually end up filing for bankruptcy, be sure to discuss this with a good Los Angeles Bankruptcy Attorney before proceeding. circumstances. Back to Practice Areas» |
