Kentucky debt consolidation has proved to be a relief for many debtors. Many people have also been able to gain financial freedom by applying for debt consolidation services offered in Kentucky’s financial companies.
Debt consolidation options
In debt consolidation programs, all your debt accounts are merged into one single account. The company negotiates on behalf of the debtor and and settles for a payment plan which enables debtors to pay off outstanding balance in a much better way.
Other than debt consolidations etc, you can always opt for debt counselors, somebody who could guide you into choosing the right option for your financial problems. After all your debts have been paid off, you will simply need to pay back the company its monthly fees. Here, however, you need to know the rate of monthly payments, that would be matching up to your income. If a company charges too high monthly fee, then you better not enroll yourself in it, as that would cause you to become a victim of more debts, rather than resolving it.
General Information
The state Attorney General’s contact details are given below:
Office of the Attorney General
The Capitol, Suite 118
700 Capitol Avenue
Frankfort, Kentucky 40601-3449
Fax – (502) 564 – 2894
The Statute of Limitations on debts in Kentucky is 5 years for oral agreement and open ended account, whereas for written contract and promissory note is for 15 years.
