Credit Counseling: Elkins Park (PA)

PA Debt Relief

Has debt been adversely affecting your credit score? If that’s the case, you really should enlist the services of a credit counseling company in Elkins Park, PA. At this very moment, we’ve got professionals who can review your debt profile and figure out how much a credit counselor in Elkins Park PA could help you save.

Credit Counseling Elkins Park PA

As for the cost of credit counseling, Elkins Park residents typically find that it’s the lowest priced means of getting out of debt.

We estimate that 705 of the 19,110 individuals who live in Elkins Park are delinquent on their credit card payments.

>> Get a No Obligation Credit Counseling Consultation!

Do You Need Credit Counseling in Elkins Park, PA?

Credit Counseling Elkins Park PA

Your debt to income ratio, aka DTI, helps to gauge if your state of affairs warrants credit counseling.

Wages DTI Debt Severity
$4,903 Less than 36% $1,765 or less Recommended
$4,903 37%-42% $1,814-$2,059 Fine
$4,903 43%-50% $2,108-$2,452 Too High
$4,903 50% Plus $2,452 or More Contact a Professional!

Elkins Park (PA) Debt Management Programs

Debt management plans, often called DMPs, are nearly interchangeable with credit counseling. If you take part in a DMP, you might take advantage of:

  • Discounted Rates
  • Decreased Debt Collection Agency Calls
  • Consolidated Monthly Payment
  • Swifter Debt Payoff

Your credit counselor will address paying the credit card companies each month. Pretty much all you need to do is hand them the agreed monthly payment.

Negotiation versus Credit Counseling in Elkins Park, PA

Credit counseling typically doesn’t hurt your credit scores in the long term; on the other hand, credit firms may be reluctant to let you have new auto or property loans if you are presently enrolled in a debt management program.

Defending Yourself Against Credit Counseling Scams in Elkins Park, PA

All in all, credit counseling and debt management plans have been vetted by the Federal Trade Commission (FTC) and other government authorities, but keep away from any credit counseling firms that advertise that they’re able to:

  • Stop all calls from debt collectors
  • Reconcile collateralled debt
  • Get you out of debt through some federal program
  • Ensure the removal of credit card debts
  • Charge you upfront for their solutions

For more information, check out this FTC report on the subject.

How Much Could Credit Counseling Help Save?

Credit Counseling Elkins Park PA

It’s hard to say how much money you’ll save with credit counseling, but your monthly payments should be lower on account of discounts in interest rates and fees.

Are you ready to determine how much credit counseling in Elkins Park, PA, could save you?

Elkins Park PA Credit Counseling

Credit Counseling Elkins Park PA

Credit counseling companies in Elkins Park and nationwide are forbidden from charging advance fees, according to the FTC. How much does a debt management program cost? Generally $25-$30 monthly, coupled with a setup fee of approximately $75.

How much will your payments be? Usually 2.5% of your total debt.

Post-Bankruptcy Credit Counseling in Elkins Park (PA)

Elkins Park has 19,110 residents, and it’s estimated that 50 have resorted to bankruptcy.

As dictated by the FTC, you must sign up for a pre-bankruptcy Elkins Park credit counseling course prior to filing bankruptcy. This program should be within half a year of when your filing date. You are not required to enroll with one of the credit counseling services in Elkins Park, PA. Bankruptcy credit counseling courses for Elkins Park locals are available online and on the telephone.

Normally, going to a credit counseling program after bankruptcy is also required. For an approved list of approved bankruptcy credit counseling services for Elkins Park residents, click this link. Or alternatively, you can chat with a seasoned debt consultant by submitting this form.

Credit and Debt Counseling Agencies: Elkins Park (PA)

  • Lee John K, 1135 W Cheltenham Ave, 19027