As a rule, credit counseling firms have flexible monthly fees, which means the pricing is usually very reasonably priced, if not free in some areas.
Do I Need Credit Counseling in New Castle, PA?
Your debt to income ratio, also referred to as DTI, helps to determine how badly you need credit counseling. Let’s see several statistics based around earnings of $1,421 monthly, the New Castle average:
- $512 (36%): Perfect
- $526 to $597 (37-42%): OK
- $611 to $711 (43-50%): Risky
- $711 or more (50%): Critical
Credit Counseling Programs in New Castle (PA)
If you are in considerable debt, your credit counseling specialist will probably advise you to participate in a debt management plan or DMP. With a debt management plan, your New Castle PA credit counselor may able to negotiate more affordable interest levels and fees from your credit card companies.
On a monthly basis, all you have to is mail an agreed sum to your New Castle credit counselor, and they will then split up the money among each of your creditors.
Choosing a Credit Counseling Service: New Castle (PA)
On the whole, credit counseling has been vetted by the FTC and other government authorities. But beware of any credit counselors that advertise they can:
- Eliminate all calls from debt collectors
- Delete negative stuff from your credit rating
- Reconcile guaranteed debts
- Erase your debt through some government program
- Promise the removing of unsecured debts
- Keep creditors from taking legal action against you
- Impose a fee in advance for their assistance
Remember, being a not-for-profit isn’t going to necessarily mean that a credit counseling organization is reputable, and for profit does not mean they are unethical. Don’t choose a credit counselor that you can’t trust. Let us help you find the right New Castle credit counseling firm.
How Much Could Credit Counseling Help You Save?
Credit counseling can help you cut costs in a big way, but the exact amount depends on your finances and creditors Ready to determine how much credit counseling in New Castle, PA, could save you?
Credit Counseling / Debt Management Agencies in New Castle (PA)
- Pennsylvania credit counseling company? Email us for a free listing!