If you’re looking into Whitehall debt consolidation assistance, let us give you some guidance.
If you sign up with a debt consolidation firm in Whitehall, you can consolidate your credit balances under a debt management plan, or DMP. Your advisors will attempt to make contact with your creditors to obtain crucial benefits, which may include lower rates of interest, fewer fees and penalties, and smaller payments per month.
Consolidating your debt can also mean loans that swap your credit card debt with debt backed up by some kind of asset.
We can put you in touch with a respected Whitehall debt consolidation agency.
Debt Management in Whitehall, PA
Of the 2,101 residents of Whitehall in need of some form of debt relief, the majority would be best served by a debt management plan. Debt management plans, typically provided by a credit counseling agency, make it easier to pay off 100% of what you owe over time through one easy payment per month, in addition to reduced rates of interest, installments, and penalties. Normally your card companies or payday lenders starts presenting these perks following three months of on time payments. If you’re searching for a debt consolidation company in Whitehall, PA, this is one of the most economical options.
Debt Consolidation Loans: Whitehall, PA
The thinking behind debt consolidation loans is simple: unsecured loans and home equity loans traditionally have lower rates of interest than whatever you’re forking over to your credit card providers.
Supporters of debt consolidation loans point to a number of benefits, including single monthly payments, a lot less calls from collections companies, and decreased loan rates. Don’t forget that these types of loans do not give you any of the financial instruction you’d get from credit counseling in Whitehall, PA. When you want to start getting rid of your debt, it’s best to chat with one of our debt professionals.
Payday Loan Consolidation in Whitehall (PA)
The outrageous interest rates attached to payday loans in Whitehall, PA, mean that payday debt mounts at a shocking rate. Around 1,303 residents of Whitehall get payday advances fairly often, and approximately 573 of these individuals wind up falling behind on their payday advances. This is nearly half!
Thankfully, we can help you find payday loan consolidation agencies in Whitehall, PA, that will consolidate your payday loans into just one payment per month, manage calls from collection agencies, and scale back the extortionate interest charges you can expect from these types of loans.
Would you like to read more about payday loan laws in Pennsylvania? To find out more, check out this webpage.
Gauging Your Debt Load: Whitehall, PA
Any Whitehall debt consolidation expert you speak to will need to know how much debt you have that is no secured, which means it’s not guaranteed by a property of some sort or other. The most common sources of debt from month to month are credit card bills, payday loans, rent/mortgage payments, healthcare bills, and other revolving credit lines. Ideally, the amount of debt you owe each and every month ought to make up no more than a third of your earnings. Such debts include ones that are secured and unsecured:
- Credit Cards
- Automobile, College, and Payday Loans
- Rent or Home Loan Payments
Let’s say you make $3,599 per month, which is about average average for Whitehall residents, then, preferably, you would spend no more than $1,332 a month. Lamentably, many Whitehall residents are carrying severe debt, classified as a debt to income ratio (DTI) of more than 50%. They’re forking out more than $1,835 every month!
If your DTI is higher than 50%, it is high time to get in touch with a debt consolidation consultant near you.
Debt Consolidation Companies: Whitehall (PA)
- Consumer Credit Counseling Service Of Lehigh Valley Inc, 3671 Crescent Ct E, 18052