Credit Counseling: Bensalem (PA)

PA Debt Relief

Suppose it were possible to minimize your rates of interest and calls from debt collectors.

We match you with credit counselors and debt management firms in Bensalem to get you the help you’re looking for.

As for the cost of credit counseling, Bensalem residents typically find that it’s the most cost-effective way out of debt.

Of Bensalem’s 63,693 residents, more than 2,349 would benefit from credit counseling.

>> Get a Free Credit Counseling Estimate!

Anyone reviewing a credit application wants to know how much comes in, how much is going out. This is the heart of the matter when it comes to debt. There are benchmarks that will show you what kind of financial predicament you’re in.

Income DTI Debt Level
$4,041 Less than 36% $1,455 or less Ideal
$4,041 36%-43% $1,455-$1,738 Fine
$4,041 43%-50% $1,738-$2,021 Problematic
$4,041 50% Plus $2,061 or More SEVERE!

Managing Debt: Bensalem (PA)

Debt Counseling Bensalem PA

Say you’re spending $2,021 on a monthly basis and you only earn $4,041. Then your credit counseling specialist might recommend that you sign up for a debt management plan. Why should you participate in a DMP? For a start, you might enjoy:

  • Discounted Rates
  • Fewer Debt Collection Phone Calls
  • Single Payment On a Monthly Basis
  • Swifter Debt Payoff

Your credit counselor will control payment to the credit card companies every month. Pretty much all you’ll need to do is provide them with just one payment on a monthly basis.

Remember, no debts are absolved as part of consumer credit counseling. Though a debt settlement would lessen your total debt, it just might demolish your credit.

How to Avoid Credit Counseling Shams: Bensalem, PA

If you hook up with a reputable organization, credit counseling can really help. Believe it or not, the Federal Trade Commission now requires it for individuals declaring bankruptcy, but there are a number of ways to be certain that your Bensalem credit counseling provider is legitimate:

  • Request referrals
  • View their accreditation
  • Double check that your consultant is credentialed

To learn more, look at this FTC article on the topic. If you let us get you a no cost evaluation, you can be more confident that you’re going to be dealing with one of the better credit counseling agencies your area.

All of your original debt must be paid off, but your credit counselor usually can work out more affordable rates of interest and fees and penalties.

Credit counseling helps save time and money. Find out more today.

>> Get Your Zero Cost Savings Quote

Credit Counseling Bensalem PA

Although not without cost, managing debt is an easily affordable solution for most Bensalem residents. Enrollment typically costs less than $75, and a bill every month of around $40. If you can pay off $2.50 of each $100 you owe each month, you could repay your debts in approximately 3.5 years, assuming that your credit counseling firm can lock up your interest rate. If he can’t, it will require a lot more time.

Debt and Credit Counseling Agencies: Bensalem (PA)

  • Cobra Mortgages & Credit Counseling, 634 Bristol Pike, 19020