If you’ve been under pressure to pay back the money you owe, consolidating your credit cards and non-secure credit into a single payment amount may make your life a good bit easier.
For your free debt consolidation evaluation, you can just complete this hassle-free form. Don’t delay. You can start getting out of debt now.
Debt Management Plans (DMP): Harrisburg (PA)
In most cases, Harrisburg residents elect to combine their debts within a debt management plan. These programs, normally administrated by a credit counseling agency, will allow you to pay back your creditors completely with a single payment amount. The benefits are considerable: reduced interest levels, installments, and penalties. Most of the time your card companies or payday lenders begins giving you these perks after three successive installments are submitted. Also, DMP’s are one of the most inexpensive ways of consolidating credit and payday loan debt in Harrisburg, PA.
Harrisburg, PA Debt Consolidation Loans
The funds from a debt consolidation loan are used to pay off your credit lines at a lower annual percentage rate. The advantages of debt consolidation loans in Harrisburg, PA, are the same as those of debt management plans, such as combined monthly payments, fewer calls from collections agencies, and decreased loan rates.
Many people try to pay down what they owe using a home equity loan, since there are tax advantages. That said, since this sort of loan is leveraged by your own home, the bank or loan company could foreclose on your home if you aren’t making your payments. If you want to start your journey to being debt-free, you should talk to one of our debt consultants.
Payday Loans Consolidation: Harrisburg, PA
Debt consolidation for payday loans in Harrisburg, PA, is now nearly as commonplace as consolidating credit cards. About 8,126 residents of Harrisburg get payday cash advances on a regular basis, and approximately 6,176 of these individuals are borrowing over and over again on the same debt. That’s just staggering, isn’t it? It’s more than 3 in every 4 payday customers! Are you past due on a number of cash advance loans? Fear not, there are a payday loan consolidation firm in Harrisburg, PA, who will help you consolidate your payday loans with a smaller monthly installment, field telephone calls from lenders, and decrease the excessively high annual percentage rates on these kinds of loans.
Do you want to read more about payday lending guidelines in Pennsylvania? For more info, explore this page.
Debt Evaluation: Harrisburg, PA
Are you aware how much credit card debt you owe? In an ideal world, the amount of debt you owe monthly should make up no more than 1/3 of what you make. These debts encompass ones that are secured and unsecured:
- Credit Card Balances
- Vehicle, Student, and Payday Loans
- Rent or Home Loan Payments
Let’s say you earn $1,039 every month, which is about average average for Harrisburg residents, then, if possible, you would spend roughly $374 every month. Of course, many Harrisburg residents have severe debt, classified as debt-to-income ratios (DTI) of 50% or more. They’re having to spend more than $530 each month!
Just how many consumers need debt consolidation in Harrisburg, PA? We believe that 13,099 of Harrisburg’s 156,270 residents are looking for help with debt.
Debt Consolidation Ripoffs: Harrisburg (PA)
Keep clear of any Harrisburg PA debt consolidation organizations that:
- Want you to pay upfront
- Cannot offer testimonials
- Do not have qualified consultants
- Claim their programs will not affect your FICO
- Declare that government programs can get you out of debt
- Fail to give you how long their program will take
- Don’t have relationships with your creditors
- Has an unfavorable Better Business Bureau (BBB) record
- Require that you open up a savings account at a non-FDIC institution
Avoid any debt consolidation agencys that have a history of disreputable practices. For additional information, check out the section of FTC.gov titled In Debt?.
Debt Consolidation Agencies in Harrisburg, PA
- Consumer Credit Counseling Service of Greater Harrisburg, 2000 Linglestown Rd, 17110
- TLC Credit Solutions, LLC, 2000 State St, 17103
- YOUR PERSONAL BUDGET COACH, 4218 Prosperous Dr, 17112
- Consumer Credit Counseling Service, , 17033