We match you with leading debt management and credit counseling firms in Lafayette Hill to get you the help you’re looking for.
Credit counseling programs can help consumers struggling financially by:
- Showing them how to manage their money more efficiently.
- Working with their creditors one-on-one.
- Creating personalized spending plans for their clients.
The average income in Lafayette Hill, PA is $7,070 per month. Any consumer who gets paid this much ought to have total credit card, rent, and loan payments of directly about $2,545 on a monthly basis, which is 36% of their gross earnings.
If you earn $7,070 a month and are spending in excess of $3,040 (43%), you’re in trouble. You wouldn’t be on your own: lots of Lafayette Hill’s consumers we see have DTI’s of more than 50% ($3,535).
Managing debt is virtually synonymous with credit counseling. With a DMP, your Lafayette Hill PA credit counselor may able to work out lower interest levels and penalties from your credit card companies. Your credit counselor will manage your creditors directly.
Finding a Credit Counseling Agency in Lafayette Hill (PA)
All in all, credit counseling and debt management plans have been recognized by the Federal Trade Commission and other state and federal bodies. But watch out for any credit counselors in Lafayette Hill that say that they’re able to:
- Eliminate all collections calls
- Get you out of debt by means of a new federal program
- Stop credit card issuers from suing you
- Charge you ahead of time for their assistance
Bear in mind that not for profit status won’t guarantee that a credit counseling company is legitimate, and the other way around.
Some folks wrongly believe that credit counseling is pointless simply because it does not reduce your overall debt, but they don’t understand that a debt management program should lower your APR – a highly effective way to lower your expenses. One of the leading Lafayette Hill debt experts can examine your finances and let you know how much you could save.
Consumer Bankruptcy Counseling: Lafayette Hill, PA
The economic recession was an issue for everyone, and bankruptcies have become rampant in Lafayette Hill and across Pennsylvania. It’s estimated that 26 of Lafayette Hill’s 10,145 residents have had to declare bankruptcy. Credit counseling is now compulsory prior to filing for bankruptcy.
You do not have to go to one of the credit counseling services in Lafayette Hill, PA for this. Services are available online and on the phone, as well as locally.
In most cases, you need to participate credit counseling post bankruptcy as well.
To find approved bankruptcy credit counseling services for Lafayette Hill residents, click here, or you can speak to a seasoned debt advisor:
Non-Profit Credit Counseling Services: Lafayette Hill (PA)
Consumer Credit Counseling Service, also referred to as CCCS, may provide reasonably priced credit counseling for local individuals. A Consumer Credit Counseling Service in Lafayette Hill, PA, will normally be:
- A Not For Profit
- NFCC Member
- Accredited by the HUD (Dept, of Housing and Urban Development)
- Approved by The COA (Council on Accreditation)
- Member of the Better Business Bureau
Ordinarily a CCCS organization will supply Lafayette Hill bankruptcy credit counseling for Lafayette Hill consumers, not to mention housing counseling and financial counseling sessions. Remember that nonprofit does not necessarily mean no cost. Don’t be surprised to pay approximately $35 on a monthly basis. To discover the CCCS location nearest to Lafayette Hill, PA, reference the listing of Lafayette Hill credit counseling agencies we offer. Alternatively, you can look at www.debtadvice.org.
Faith-Based Credit Counseling Companies in Lafayette Hill (PA)
If your faith is extremely important to you, you may want to work with a Christian credit counseling company in Lafayette Hill, PA. Most are nonprofit. The options they offer are usually the same as a typical company’s.
Credit and Debt Counseling Agencies in Lafayette Hill (PA)
- Eagle One Debt Solutions, LLC, 462 Germantown Pike, 19444