Seeking the help of a respected Huntingdon Valley, PA credit counseling agency could be the first step toward financial freedom. Credit counseling, sometimes known as debt management, is an appealing way of consolidating your debt payments without harming your credit score permanently.
For people in Huntingdon Valley, credit card counseling is usually the most inexpensive option.
Debt for Huntingdon Valley Residents: How Much is Excessive?
How much is your debt as a whole? If you’re forking out over half of what you earn each month on rent/mortgage, loans, and credit cards, you ought to find a credit counselor in Huntingdon Valley now.
What if you’re forking out $3,058 each month, but you only earn $6,115? In that case, your credit counselor may advise you to take part in a debt management plan or DMP. A debt management program is a type of debt consolidation, as the money you owe each month is merged into one monthly payment. However, no loans are needed. This is different from some other approaches to debt consolidation in Huntingdon Valley, PA that use home equity loans to pay down your debts.
Every month, you’ll send a predetermined payment to your Huntingdon Valley credit counselor. They will allot the payments among each of your creditors.
Defending Yourself Against Credit Counseling Shams in Huntingdon Valley (PA)
As an industry, credit counseling and debt management plans have been checked out by the FTC and other federal bodies, but there are a variety of methods to be certain that your Huntingdon Valley credit counseling organization is trustworthy:
- Demand testimonials
- Verify their BBB status
- Check that your specialist is qualified
For details, check out this FTC post on the topic.
With credit counseling, you repay 100% of your debt, but your credit counseling specialist can usually negotiate lower annual percentage rates and fewer fees. One of the leading Huntingdon Valley debt experts can have a look at your finances and present you with a savings estimate.
Credit counseling companies in Huntingdon Valley and throughout the country are not allowed to charge upfront fees, according to the FTC. Though not without cost, debt management is an economical option for most Huntingdon Valley residents. Enrollment typically costs less than $75, and a monthly charge of $25-$30. Under a DMP, the money you spend each month paying off your credit card debt is typically similar to the minimum payment on your credit cards: 2.5%.
Consumer Bankruptcy Counseling in Huntingdon Valley (PA)
Of the 20,451 residents of Huntingdon Valley, around 53 have gone into bankruptcy. Since 2005, any individual in Huntingdon Valley who would like to file for bankruptcy protection should first have an official document demonstrating that they enrolled in an approved bankruptcy credit counseling course in Huntingdon Valley, PA. You need not go to one of the credit counseling services in Huntingdon Valley, PA. Programs can be found on the web and over the telephone.
The process typically lasts an hour and a half, and may cost up to $50, but the cost must be waived if you cannot pay. For an approved list of approved bankruptcy credit counseling agencies for Huntingdon Valley residents, follow this link. Or alternatively, you can speak with a skilled credit specialist:
Consumer Credit Counseling Service: Huntingdon Valley (PA)
The National Credit Counseling Foundation is the largest network of non profit credit counseling organizations in Pennsylvania. Members are normally identified as CCCS, or the Consumer Credit Counseling Service. In Huntingdon Valley, Pennsylvania, a Consumer Credit Counseling Service will generally be:
- Not For Profit
- NFCC Member
- Approved by the HUD (Dept, of Housing and Urban Development)
- Member of the BBB
Normally a CCCS organization will offer Huntingdon Valley bankruptcy credit counseling, money management education, and housing help. Expect to pay about $35 each month.
To find the CCCS office that’s closest to Huntingdon Valley, PA, research the listing of Huntingdon Valley credit counseling services on our site or browse the official NCFF website.
Christian credit counseling programs strive to help their clients accomplish their goals emotionally, personally, and economically. Nearly all are non profit. They offer comparable assistance to regular companies.
Credit Counseling / Debt Management in Huntingdon Valley (PA)
- Clean Credit Group, , 19001