We can place you in touch with a debt specialist who can:
- Assess Your Finances.
- Give you a Savings Quote.
- Suggest the Best Course of Action.
Perfect individuals have stable work, unsecured debts in the neighborhood of at least $5,000, and have contemplated filing bankruptcy.
Though credit counseling calls for trying to repay all of your debt, it is much better for your fico scores than debt negotiation.
Is your debt to income ratio more than 50%? If so, don’t hesitate to look into credit counseling asap. For the average Lewistown resident who’s got earnings of $30,374 a year, this is $1,266 or more a month.
Debt management plans, often known as DMPs, are nearly interchangeable with credit counseling. A debt management program is a method of consolidating debt, in that the money you owe on a monthly basis is consolidated into a single amount, but no loan is required.
You won’t have to speak with your creditors. The credit counseling agency will handle things from this angle.
Credit Rating Matters For Lewistown Residents
Credit counseling is not supposed to do damage to your credit rating over the long haul, unlike debt negotiations in Lewistown, PA; in spite of this, banks may be unable to say yes to new home or car loans if you’re currently signed up for a debt management program.
Picking a Credit Counseling Company: Lewistown, PA
As a program, credit counseling and debt management plans have been vetted by the Federal Trade Commission (FTC) and other federal authorities. But good credit counselors typically give you:
- Qualified Advisors
- Real References
- Immediate Replies
- Cost-Free Recommendations (DMPs do charge a small fee)
- Tailor-Made Plans of Action
To read more, read this FTC post on how to choose a credit counselor.
Naturally, we can assist you in finding the appropriate counseling or debt management plan according to your specific situation.
How Much Could Debt Management Save You?
Many people erroneously think that credit counseling is useless given that it does not reduce your overall debt, but they forget that a DMP could reduce your APR, which can be a good way to lower your costs.
A short analysis of your financial situation is essential to provide a definitive savings estimate.
Participating in a DMP should not be more than $100, and the fees each month ought to be only $40.
How much will your payments be? Ordinarily 2.5% of the amount you owe.
Consumer Credit Counseling Services in Lewistown, PA
The state’s biggest nonprofit credit counseling service is the NFCC. Their network is generally known as the Consumer Credit Counseling Service, or CCCS. A Consumer Credit Counseling Service in Lewistown, PA, will normally be a not for profit that’s a member of the National Foundation for Credit Counseling. In most cases a CCCS agency will provide not just non profit credit counseling, but also Lewistown bankruptcy credit counseling, financial seminars, and housing counseling. To locate the CCCS agency that’s closest to Lewistown, PA, please reference the directory of services on our site or go to www.debtadvice.org.
Credit Counseling / Debt Counseling Agencies: Lewistown, PA
- Alternative Credit Rehabilitation LLC, 10153 U.S. 522, 17044