Debt Consolidation and Adjustments

It's Buyer Beware When It Comes to Debt Consolidation

It's hard to ignore the ads on radio and television: pitchmen offering to settle your debt for pennies on the dollar. Few people realize that most of the people who advertise debt consolidation services in New Jersey are operating illegally.

Many people spend thousands of dollars on debt consolidation only to find themselves deeper in debt than when they started. At the law offices William H. Oliver Jr. & Associates, our lawyers offer a free consultation to evaluate your options if you are facing debt problems.

Beware of Illegal Debt Consolidation Services. Contact William H. Oliver Jr. & Associates for a free consultation in Monmouth or Ocean County.

When Is Debt Consolidation a Good Option?

Debt consolidation can be a good option if you have less than $3,000 in debt. However, if you have more debt, you should consider filing bankruptcy. Bankruptcy can discharge your unsecured debts (such as credit card bills, payday loans, medical bills and motor vehicle surcharges) in as little as four to five months. Debt consolidation can take five or six years.

In New Jersey, only a lawyer is allowed to advise you about your debt relief options. A lawyer also had a legal duty to serve your best interests — which a debt consolidation service does not.

If debt consolidation is the best option for you, our lawyers will refer you to a nonprofit credit counselor who is approved by the New Jersey Department of Banking and Insurance. In New Jersey, it is a crime for anyone other than an attorney or a nonprofit credit counselor approved by the Department of Banking and Insurance to do debt consolidation per statutes NJS 2C:21-19 and 17:16G-2.

Free Attorney Consultation

With offices in Toms River and Neptune City, New Jersey, our lawyers are ready to answer your debt consolidation questions and help you find solutions. Evening and Saturday appointments are available. Call toll free: 1-866-974-1136 or fill out our contact form. Hablamos español.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.