Have you been drowning in monthly bills? Then you’ve come to the right place.
We have partnered with leading credit counselors and debt management companies to get you the help you’re looking for.
Credit counseling was originally designed to help credit card providers collect money from consumers who were not current on their payments without going to debt collectors. As a result, virtually all credit card counseling companies are inexpensive.
Do You Need Debt Counseling in Indiana, PA?
Lenders want to know how much you earn versus how much you owe? There are standards that will let you know where you’re at financially. Why don’t we view several data consistent with earnings of $1,215 on a monthly basis, the average in Indiana:
- $437 (36%): Optimal
- $450 to $510 (37-42%): OK
- $522 to $608 (43-50%): Problematic
- $608 plus (50%): Acute
Debt Counseling Plans in Indiana, PA
Do you have more than $10K of unsecured debt or have a debt-to-income ratio of 50% or higher? Then you might need to register for a DMP, or debt management plan. A DMP is a way of consolidating debt, because your monthly payments will be consolidated into a single amount, but no loans are required.
Your credit counseling company will manage paying your creditors each month. Pretty much all you’ll have to do is give them the fixed payment per month.
Most debt management plans strive to have your debts cleared in 36 to 60 months. Your credit score isn’t supposed to decline, but it may be hard to get new personal lines of credit such as an auto or home loan. Then again, if you were to settle your debt at a lower sum through Indiana debt settlement, your credit scores would probably be gravely harmed. Though a debt consolidation loan may stop your credit scores from falling, this sort of debt relief chancy. Not surprisingly, you could lose the property you used as collateral for the loan
Selecting a Credit Counseling Agency: Indiana, PA
As an industry, credit counseling has been checked out by the Federal Trade Commission and other state and federal authorities, but respected credit counselors in Indiana, PA, and across the nation typically offer you:
- Certified Advisors
- Genuine Testimonials
- Non-Profit Status
- Immediate Responses
- Free Advice (DMP’s do have a price)
Please remember that being a nonprofit does not always mean that a credit counseling company is reputable, and vice versa.
Keep in mind, we help guide you to the most suitable counseling or debt relief plan based on your distinct needs.
Credit counseling enables people to cut costs due to the fact that the credit card providers who participate reduce monthly payments, rates, and late charges.
To determine what amount you could save, speak with a good Indiana credit counselor – today!
How much does a DMP cost you? Usually $25-$30 per month, in addition to a startup fee of around $90. In a debt management plan, the money you allocate each month to repaying your credit card debt is generally similar to your minimum credit card payment (usually 2.5%).
Credit and Debt Counseling: Indiana (PA)
- Pennsylvania credit counseling company? Email us for a free listing!