Pennsylvania Credit Counseling (PA)

PA Debt Relief

Pennsylvania Credit Counseling

Can’t afford to cover the minimums on your credit cards or payday loans on a monthly basis? In this case, you might want to find a credit counselor in PA. If you want to talk with a certified Pennsylvania credit counselor about their debt management plans, we can help.

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These days, most credit counseling companies in Pennsylvania are funded at least partly through Fair Share, meaning they get a percentage of the recovered amount. The credit card companies finance your credit counseling, to some extent. This means most credit counseling agencies are very reasonably priced.

We estimate that 468,474 of the 12,702,379 inhabitants of Pennsylvania are overdue on their credit card payments.

The average income in Pennsylvania is $43,239 a year, which is $3,603 each month. You need to contact a credit counselor if you make this much and find you are spending $1,549 to $1,802 per month on debts such as:

  • Credit Card Bills
  • Loans
  • Mortgage or Rent

Do you have at least $10,000 in debt or have a DTI of 50% or higher? Then your credit counseling expert may well decide that you need to take part in a DMP, or debt management program.

A debt management program is a means of consolidating debt, because your credit card, loan, and other debt payments is merged into one monthly amount, but no loan is involved, in contrast to various other strategies of debt consolidation in Pennsylvania.

Your credit counselor will take care of payment to your creditors each month. Pretty much all you have to do is give them one single payment amount.

PA CCCS versus Other Choices

Credit counseling and debt management is not supposed to have a long term negative impact on your credit scores, as FICO has said they don’t take note of such programs when they calculate your ratings, but loan providers may not be able to give you a new auto or property loan when you’re enjoying the services of a credit counseling consultant in PA to get rid of debt.

How to Identify Credit Counseling Scams in PA

If you are dealing with a reputable company, credit counseling can really help. In point of fact, the Federal Trade Commission now mandates it for people filing bankruptcy not just in Pennsylvania, but nationwide. But here is how to ensure that your Pennsylvania credit counseling service is recommended:

  • Ask for references
  • Check their accreditation status
  • Check that your counselor is licensed

For more information, look at this FTC post on picking a credit counselor.

If you let us arrange a totally free assessment, you can be more confident that you will end up matched up with one of the more reputable credit counseling firms in PA.

How Much Could Credit Counseling Save You? Find out!

How Much Will CCCS Save You?

Credit counseling helps clients lower their costs because the credit card companies generally agree to lower payments, rates of interest, and additional fees.

One of the top Pennsylvania debt management firms can look at your finances and supply you with a savings estimate.

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How Much Does Credit Counseling Cost in Pennsylvania?

The counseling portion of credit counseling should be complimentary, although some counselors ask for voluntary contributions.  Credit counseling plans are very inexpensive: $25-3 monthly, and the price is built into your monthly payment.  As far as the actual debt payments, you will typically be required to make a payment of 2.1-2.5% each month to your credit counseling firm.

Credit Counseling for Bankruptcy in Pennsylvania

Of the 12,702,379 people who live in Pennsylvania, it’s estimated that 33,153 have found it necessary declare bankruptcy.  As of 2005, any person in Pennsylvania who would like to file for bankruptcy protection must first receive a document showing that they enrolled in a credit counseling program in Pennsylvania. You need not go to a local credit counselor for this.

Programs are available over the internet and over the phone.  Some firms are able to provide this service, others aren’t. To find approved Pennsylvania credit counseling programs, simply click here. Alternatively, you can talk to a skilled debt advisor by submitting this form.

Credit Counseling / Debt Management in Your Part of Pennsylvania