Of the 14,513 residents of Jenkintown who have credit cards, 1,596 can hardly afford to make their minimum monthly payments. Wouldn’t you like to be debt-free? Debt consolidation is a professional, reasonably-priced answer if you’ve got more than $10,000 in credit card debt.
To talk to a debt consolidation specialist, just fill out this quick form. It’s quick, simple, and there’s no cost.
Debt Management in Jenkintown (PA)
Of the 1,596 residents of Jenkintown who could use debt relief, most of them would benefit from a debt management plan above all else.
Debt management plans, ordinarily affiliated with one of the credit counseling agencies in Jenkintown, PA, allow you to pay your debt in full in 3-5 years through one easy payment per month. The benefits are major: reduced interest levels, installment payments, and fees. In most cases your card companies or payday lenders begins supplying these perks after three straight payments are made.
In addition, these types of programs are typically pretty inexpensive. Enrollment should cost approximately $75, and monthly fees $25-40.
Jenkintown, PA Debt Consolidation Loans
Should you decide to obtain a debt consolidation loan in Jenkintown, PA, the funds are used to repay your existing debts. Keep in mind, this loan still has to be paid back.
If you get a debt consolidation loan in Jenkintown, you should benefit from lower payments and a lot fewer calls from debt collectors. Just think, your prior debts will have been paid in full.
Needless to say, you may need fantastic credit to get this type of loan. Also, it will not allow you to get out of debt any faster. In fact, it may take longer. To figure out whether a debt consolidation loan is the right option, you should speak to a company that does debt consolidation in Jenkintown, PA.
Consolidating Payday Loans in Jenkintown (PA)
If you need to consolidate your Jenkintown PA payday loans, it’s not just you. It’s estimated that 990 people in Jenkintown get payday loans fairly often, and approximately 753 of these consumers have several payday loans. That’s astounding, right? It’s upwards of 3 in every 4 payday customers!
Thankfully, we can connect you with Jenkintown PA payday loan consolidation firms that can help you consolidate your Jenkintown payday loans into a smaller monthly payment, serve as a shield for phone calls from collectors, and scale back the exorbitant interest rates you can expect from payday loans.
Would you like to have a look at payday lending regulations in Pennsylvania? Hop on over to PA payday loan laws.
Evaluating Your Debt: Jenkintown, PA
In order to consolidate your credit card debt, you need to know just how much debt you’ve got relative to your salary. In an ideal world, about 30% of your income will be dedicated to paying down what you owe. These debts incorporate credit cards, vehicle/payday loans, and rent/mortgage repayments. Let’s say you make $4,913 monthly, about average average in Jenkintown, then, if possible, you would spend less than $1,769 monthly. Of course, many Jenkintown residents are carrying major debt, defined by debt-to-income ratios (DTI) of more than 50%. That means they are spending more than $2,457 monthly!
Does it seem like you are all alone, burdened by debt? You aren’t. In reality, we have calculated that 1,596 of Jenkintown’s 19,046 residents are in need of debt relief.
Debt Consolidation Guidelines
According to FTC standards, your Jenkintown debt consolidation firm is required to:
- Make clear their pricing structure.
- Tell you how long it will be before they call each lender.
- Inform you of how much you must have saved before they’re going to speak to every lender.
- Fully describe any and all risk for your credit.
Don’t forget to check the reviews on your Jenkintown debt consolidation company before joining, and to learn more, check out this selection of resources on the official FTC website: In Debt?.
Payday Loan and Credit Card Debt Consolidation Agencies: Jenkintown, PA
- Allstate Credit Relief, 920 Fox Chase Rd, 19046