Of the 18,252 people in Wexford, 1,530 can hardly afford their minimum monthly payments. No need to panic.. Debt consolidation could be the answer.
There are a couple of specific types of debt consolidation programs: some with a loan, others without. In both cases, you’ll need a stable source of income.
We can place you with a good Wexford debt consolidation consultant.
Wexford (PA) Debt Management
The leading type of debt consolidation in Wexford, PA, involves the management of debt through a specialized program.
A DMP provides numerous advantages:
- One Single Payment
- Reduced Apr’s
- Waived Penalty Fees
On top of that, DMP’s are one of the least expensive strategies for consolidating debt in Wexford, PA, only $25-35 per month.
Debt Consolidation Loans in Wexford (PA)
The funds borrowed under a debt consolidation loan are used to repay your credit cards.
Instead of posting checks to a wide variety of collectors each month, you’ll simply need to worry about your monthly loan payment.
Many people try and pay down the money they owe using a home equity loan, because there are tax advantages. However, since this sort of loan is backed by your home, the bank or financial institution could end up getting your home if you are past due on your payments.
Wondering if a debt consolidation loan is a good idea?
Consolidating Payday Loans: Wexford, PA
Payday loans have been becoming more accepted because of the recession. It’s estimated that 949 residents of Wexford get payday cash advances once or more per annum, and close to 418 of these borrowers end up going delinquent on these cash advances, which is quite a few folks who may be able to consolidate their Wexford payday loans! On the plus side, we can help you find payday loan consolidation companies in Wexford, PA, that can consolidate your payday loans into one single payment amount, serve as a buffer for phone calls from collectors, and minimize the outrageous interest charges that come with payday loans.
Want to find out more? Please click here payday loan regulations in PA.
Debt Assessment: Wexford, PA
In a perfect world, around 33% of your income will be allotted to paying back debt. Such debts include ones that are secured and unsecured:
- Credit Card Payments
- Car, Student, and Payday Loans
- Mortgage Payments
Why don’t we look at what this means for the typical consumer in Wexford, PA:
- Yearly Income: $82,869
- Per-Month Income: $6,906
- Recommended Debt Load: $2,486
- Excessive Debt Load: $3,453
Of the 18,252 residents of Wexford, 1,530 can only afford to make the minimum monthly payments. Wouldn’t you like to be debt-free?
Debt Consolidation Firms: Wexford, PA
- Bencharge Credit Services – Wexford, Wexford Plaza Shoppi, 15090