If you are finding it difficult to pay back the money you owe, consolidating your credit lines and credit into just one monthly payment might be the answer. The word debt consolidation may be used to describe a couple of differing strategies to consolidating debt: debt consolidation loans and debt management plans.
A qualified debt consolidation expert can give you more details about which alternative is ideal for you.
Bethel Park (PA) Debt Management
Do you want to get rid of debt in less time, with less expensive rates and fees and penalties? Then you may want to enroll in one of the debt management plans in Bethel Park, PA.
These programs, usually managed by a credit counseling firm, enable you to pay back 100% of what you owe in 36-60 months with one easy monthly payment, along with reduced interest rates, installments, and penalties. Most of the time your card issuers or lenders start giving you these benefits after you make three successive repayments. Also, these programs are usually rather cheap, just $25-40 per month.
Bethel Park, PA Debt Consolidation Loans
When you have favorable credit, you might be able to obtain a debt consolidation loan to pay down your credit card debt.
The many payments you were having to make to numerous card issuers will be superceded by a single payment amount, your loan’s payment.
Keep in mind that you won’t be learning to cut costs as you would during a debt management plan, and your debt won’t be slashed as it is during debt negotiations. When you need to begin getting rid of your debt, you should consult one of our debt specialists.
Consolidating Payday Loans in Bethel Park (PA)
If you’re looking to consolidate your Bethel Park PA payday loans, you are not alone. There are 30,825 residents of Bethel Park, and approximately 1,603 apply for and receive one or more payday loan per year. Sadly, close to 1,218 of these borrowers have multiple payday loans – this is around 3 out of 4 people who get one of these loans!
Have you found yourself delinquent on at least two of these loans? Fear not, we work with payday loan consolidation services in Bethel Park, PA, who will:
- Combine various cash loans.
- Bring down ridiculous payday advance rates of interest.
- Establish a strategy for repayment.
- Handle collector calls.
Would you like to have a look at payday loan laws in Pennsylvania? Visit here payday loan regulations in Pennsylvania.
Assessing Your Debt: Bethel Park, PA
In a perfect world, only 36% of your income will be dedicated to repaying what you owe. These debts include credit cards, loans, and rent/mortgage repayments. Let’s take a look at how this works for the average consumer in Bethel Park, PA:
- Income Per Annum: $54,472
- Income Monthly: $4,539
- Recommended Debt Load: $1,634
- Severe Debt Load: $2,270
If your ratio of debt to income is more than 50%, you might want to consult a debt consolidation specialist in Bethel Park, PA.
Debt Consolidation Programs in Bethel Park (PA)
- Pennsylvania debt consolidation company? Email us for a free listing!