Debt is one of the greatest stressors for Newtown residents. At Debt Relief of PA, we help our consumers determine the debt relief and credit counseling programs in Newtown, PA that fit their needs.
Having your credit repaired is is meant to quickly increase your credit scores, while credit counseling is centered on managing debt.
Do You Need Credit Counseling in Newtown, PA?
How much you make, how much you owe? This is the crux of the matter when it comes to debt. There are standards that will reveal where you’re at money wise. Here are a few estimates based on a salary of $6,798 a month, the Newtown average:
- $2,447 (36%): Great
- $2,515 to $2,855 (37-42%): OK
- $2,923 to $3,399 (43-50%): Cause for Concern
- $3,399 or higher (50%): Severe
Newtown (PA) Debt Management
Debt management plans are often associated with with credit counseling. A DMP is a means of consolidating debt, because your credit card, loan, and other debt payments is consolidated into one monthly sum, but no loans are involved. The only thing you need to do is write only one check per month to your Newtown credit counseling company. They split up the payments among each of your creditors.
Keep in mind that credit counseling programs can help you repay your debts faster and with a reduced annual percentage rate. However, you will always repay your entire debt, including interest. Credit card debt negotiation may allow you to repay only 40-60% of what you owe; however, it could demolish your FICO score.
Picking a Credit Counseling Service: Newtown, PA
All in all, credit counseling and debt management plans have been vetted by the FTC and other federal regulators. Nonetheless, legitimate credit counselors in Newtown, PA, and across the nation will ordinarily give you:
- Close to 1 Hour of Initial Counseling Sessions
- No Advance Charges
- A Personalized Plan Of Action
- Proof of Qualifications
Keep in mind that being a non-profit won’t necessarily mean that a credit counseling company is reputable, and being for-profit doesn’t signify they’re dishonest.
Needless to say, at Debt Relief of PA, we can help you find the best counseling or debt relief plan based upon your distinct needs.
How Much Will Debt Management Save You?
While credit counseling won’t lead to any debt forgiveness, it will save you a fortune with decreased interest and lower fees. Want to find out how fast credit counseling could free you from debt?
Signing up for a debt management plan should not cost more than $100, and the fees each month ought to be approximately $40.
In a DMP, the money you devote each month to paying back what you owe will likely be similar to your minimum credit card payment (usually 2.5%).
Non-Profit Credit Counseling Service: Newtown (PA)
Nationally, the largest not for profit credit counseling organization is the NFCC. Their network is called the CCCS, or Consumer Credit Counseling Service. In Newtown, Pennsylvania, a Consumer Credit Counseling Service will generally be:
- A Not For Profit
- NFCC Member
- Approved by the HUD (Department of Housing and Urban Development)
- Endorsed by The COA
- Member of the BBB
Quite often a CCCS organization will offer Newtown bankruptcy counseling for Newtown consumers, as well as housing counseling and financial counseling. To find the CCCS location nearest to Newtown, PA, please take a look at the list of Newtown credit counseling services on our site or head over to DebtAdvice.org.
Christian Credit Counseling Providers: Newtown (PA)
If your faith is very important to you, you may want to find a Christian credit counseling program in Newtown, PA. The majority are not for profit. They provide similar services to traditional agencies.
Debt Management and Credit Counseling: Newtown (PA)
- Pennsylvania credit counseling company? Email us for a free listing!