Want to develop stronger money management skills and cut back your monthly payments? We’ve got consultants who will review your debt profile and determine how much you could save through credit counseling.
Credit counseling has several pluses. These include:
- Reduced Monthly Payments
- 36-60 Month Repayment Schedule
- Single Payments
We estimate that 702 of Jenkintown’s 19,046 residents are falling behind on their monthly payments.
Do You Need Credit Card Counseling in Jenkintown, PA?
Your ratio of debt to income, also referred to as DTI, helps to evaluate if you’re in need of credit counseling. Consider several statistics consistent with an income of $4,913 per month, Jenkintown’s average:
- $1,769 (36%): Great
- $1,818 to $2,063 (37-42%): Acceptable
- $2,113 to $2,457 (43-50%): Cause for Concern
- $2,457 plus (50%): Critical
Debt Management: Jenkintown (PA)
Managing debt is often linked with with credit counseling. Why should you sign up for a debt management program? First off, you might take advantage of:
- Decreased Interest Rates
- Decreased Collector Telephone Calls
- Consolidated Payment On a Monthly Basis
- Swifter Debt Payback
Your credit counseling company will take care of payment to the credit card companies each and every month. The only thing you need to do is provide them with one single payment on a monthly basis.
Steering Clear of Credit Counseling Scams in Jenkintown, PA
As long as you are dealing with an experienced firm, credit counseling can help. In point of fact, the FTC now mandates it for individuals filing bankruptcy. Of course, steer clear of any credit counseling agencies in Jenkintown that say that they can:
- Put an end to all collections calls
- Reconcile collateralled debt, for instance car loans
- Get you out of debt by means of some government program
- Keep credit card issuers from taking legal action against you
- Bill you ahead of time for their products and services
For additional information, look at this FTC report on the topic. If you let us get you a free evaluation, you can be more certain that you are matched up with one of the more effective credit counseling firms in Jenkintown, PA.
How Much Could Debt Management Help You Save?
Credit counseling will not lower the existing debt. Luckily, your creditors may agree to waive penalty fees and bring down annual percentage rates if you’re enrolled in a debt management plan. To discover what amount you could save, you need to speak with a good credit counselor in Jenkintown, PA – right now!
Consumer Bankruptcy Counseling in Jenkintown (PA)
We estimate that 50 of Jenkintown’s 19,046 residents have filed for bankruptcy.
Since 2005, somebody in Jenkintown who wishes to declare themselves bankrupt has to first receive an official document showing that they went through a bankruptcy credit counseling program in Jenkintown, PA.
Sessions can be held in person, by telephone, or online.
Remember that taking part in credit counseling post-bankruptcy is likewise mandatory.
Consumer Credit Counseling Services in Jenkintown (PA)
The NFCC is the largest network of not for profit credit counseling firms in Pennsylvania, and their agencies are usually known as CCCS, or the Consumer Credit Counseling Service. In Jenkintown, Pennsylvania, a Consumer Credit Counseling Service will normally be:
- Not For Profit
- NFCC Member
- Accredited by the HUD (Dept of Housing and Urban Development)
- Have CCCS in their Domain Name
Usually a CCCS organization will offer not just non profit credit counseling, but also:
- Post/Pre Bankruptcy Counseling
- Housing Assistance
- Debt Management
To find the CCCS location that’s closest to Jenkintown, PA, please check the listing of Jenkintown credit counseling agencies we’ve published. On the other hand, you can visit the National Foundation for Credit Counseling homepage.
Credit Counseling / Debt Counseling: Jenkintown (PA)
- Allstate Credit Relief, 920 Fox Chase Rd, 19046