Are you looking for trusted credit counselors in Greensburg, PA?
We can put you in touch with a credit counseling professional based upon your location, credit debt, and other factors. You could be on the road to financial freedom before you know it – don’t delay!
Excellent individuals for credit counseling have consistent income, debt in the neighborhood of at least $10K, and can cover 2.5 percent of the money they owe every month.
In the long term, credit counseling does far less harm on your fico score than a debt negotiation program, given that you pay back everything you owe.
Evaluating Your Debt
Typically, Greensburg residents earn $1,109 per month. In a perfect world, a consumer who gets paid $1,109 per month ought to have overall loan, rent, and credit card payments of no more than $399 per month, which is 36% of their income.
If your monthly debts comprise more than 43% of your earnings, you may want to register for credit counseling. If you make $1,109, Greensburg’s average, this is $477. However, a large number of Greensburg residents we see spend more than half of their income ($566) on such expenses.
Debt management programs, often called DMPs, are nearly synonymous with credit counseling. A DMP is a method of consolidating debt, because your monthly payments will be merged into a single amount. However, there is no loan involved. With any debt management program in Greensburg, the credit counseling company will take care of paying your creditors every month. Pretty much all you need to do is provide them with the fixed payment amount.
Most credit counseling specialists endeavor to have your debts repaid 3 to 5 years. While this should not make your credit ratings drop, it may be tricky to get new a line of credit like a property or auto loan. However, if you were to settle your credit balances for a lesser sum through Greensburg, PA debt settlement, you could you expect your credit ratings to be severely harmed.
Finding a Credit Counseling Service in Greensburg, PA
If you hook up with a good organization, credit counseling can really help. In fact, the FTC now mandates it for individuals declaring bankruptcy, but beware of any credit counselors that advertise that they will:
- End all calls from collection agencies
- Get you out of debt by means of a new federal program
- Promise the elimination of unsecured debt
- Charge a fee upfront for their services
To learn more, check out this FTC report on choosing a credit counselor.
To determine how much credit counseling could save you, you need to speak with a debt relief specialist. However, your monthly payments should be more affordable due to interest and penalty reductions. Credit counseling helps you save money and time. Discover more today.
The Cost of Credit Counseling in Greensburg, PA
For profit Greensburg credit counseling agencies who provide programs via telephone are restricted by the FTC from charging consumers in advance.
How much will a debt management program cost? Usually $25-$30 monthly, in addition to a setup fee of about $100.
With regards to the actual debt payments, you will generally need to make a payment of 2.1-2.5% per month to your credit counseling agency.
Credit Counseling for Bankruptcy in Greensburg (PA)
There are 57,255 people living in Greensburg, PA, and approximately 149 have had to go into bankruptcy.
Credit counseling is now mandatory prior to declaring bankruptcy.
The program can be:
- One On One
- By Telephone
You will find that some programs are approved, others are not. To find approved Pennsylvania credit counseling programs, follow this link, and you can chat with a seasoned credit guide:
Consumer Credit Counseling Service: Greensburg, PA
Pennsylvania’s chief non profit credit counseling organization is the NFCC. Their network is recognized as the Consumer Credit Counseling Service, or CCCS. A Consumer Credit Counseling Service in Greensburg, PA, will usually be a community non profit agency that’s a member of the NFCC. Quite often a CCCS agency will supply not only consumer credit counseling, but also:
- Bankruptcy Counseling for Greensburg Residents
- Housing Counseling
- Debt Management Plans
Don’t forget, non profit does not necessarily mean no charge. Expect to spend approximately $35 every month.
To find the CCCS agency that’s nearest to Greensburg, PA, reference the list of Greensburg credit counseling firms we offer. As an alternative, you can browse the official NCFF site.
Credit Counseling / Debt Counseling Agencies in Greensburg (PA)
- Commonwealth Credit Services Inc, 27 N Main St, 15601
- Equitable Debt Solutions, 645 E Pittsburgh Street Nordouest 143, 15601
- Advance America Cash Advance, 1005 W Pittsburgh St, 15601
- The Provision Group Financial & Career Coaching, , 15610
- Dittmar Counseling Svc LLC, 125 Hartman Rd, 15601