Seeking the help of a professional Havertown, PA credit counseling company could be the first step toward freedom from debt.
We can match you to a debt counseling expert who can present you with a free debt analysis and affordable debt relief program.
At the outset, credit counseling was intended to help credit card providers receive money from consumers who were not current on their repayment demands. This means most credit counseling programs are inexpensive.
We have to assume that 1,339 of the 36,300 individuals who reside in Havertown can no longer afford to make their credit card payments month after month.
How much comes in versus how much goes out. This is the root of the matter when it comes to debt. There are benchmarks that will inform you of what kind of financial predicament you’ve gotten yourself into. Consider some estimates consistent with earnings of $62,545 a year. That’s the average in Havertown.
- $1,876 (36%): Best
- $1,928 to $2,189 (37-42%): Acceptable
- $2,241 to $2,606 (43-50%): Cause for Concern
- $2,606 plus (50%): Critical
Debt Management Plans: Havertown, PA
Debt management plans are virtually synonymous with credit counseling. A debt management program is a type of debt consolidation, given that the money you owe every month will be condensed into one monthly amount. However, no loans are needed. You will no longer need to converse with your creditors; the credit counseling specialist will take care of this.
Credit counseling typically doesn’t mess up your credit score in the end; that said, loan providers may be reluctant to grant you new mortgages or car loans if you’re enrolled with a credit counseling agent in Havertown, PA to get free of debt.
Picking a Credit Counseling Agency in Havertown, PA
As a whole, credit counseling and debt management plans have been vetted by the Federal Trade Commission and other government authorities. Nevertheless, professional credit counselors in Havertown, PA, and throughout the country typically offer you:
- Trained Advisors
- Real References
- Non-Profit Standing
- Immediate Responses to All Inquiries
- No cost Counseling (DMPs do have monthly fees)
- Written Action Plan
Remember, being a non-profit does not guarantee that a credit counseling firm is legitimate.
How Much Could Debt Management Help Save?
Don’t forget that credit counseling is a way of managing debt, not settling it. The good thing is, you might not be required to pay as much on a monthly basis as you have been paying, due to lesser fees and interest. To see what amount you could save, get hold of a qualified Havertown credit counselor – today!
Generally, the counseling aspect is provided for free. Debt management programs are very affordable: less than $40 a month, and the fee is included in the amount you pay each month.
If you can pay off $2.50 of each $100 you owe on a monthly basis, you could get out of debt in about 40 months, if your credit consultant is able to lock up your interest. With interest, it will take appreciably longer.
Credit Counseling and Debt Management: Havertown, PA
- Credit Knowhow, 163 Wyndmoor Rd, 19083