A growing number of Stroudsburg consumers have been looking to credit counseling companies in Stroudsburg to help them out of debt. We help our users find the best remedies for adverse credit, inordinate debt, and excessive credit card rates.
For people in Stroudsburg, credit counseling is typically the most inexpensive option.
Out of the 26,654 individuals who live in Stroudsburg, PA, it’s believed that 983 can’t afford to make their revolving credit payments month after month.
Do You Need Debt Counseling in Stroudsburg, PA?
Your debt to income ratio helps to evaluate whether you’re in need of credit counseling. Let’s consider several figures based on a salary of $3,837 per month, the Stroudsburg average:
- $1,381 (36%): Ideal
- $1,420 to $1,612 (37-42%): Okay
- $1,650 to $1,919 (43-50%): Cause for Concern
- $1,919 or more (50%): Serious
Debt Counseling Plans: Stroudsburg (PA)
An essential part of credit counseling is debt management. If you participate in a DMP, your Stroudsburg PA credit counseling agency may able to negotiate more affordable interest levels and costs from the creditors you borrowed from. Under a debt management plan in Stroudsburg, the credit counseling company will manage paying the credit card companies every month. All you’ll have to do is provide them with the prearranged payment per month.
Tips on Avoiding Credit Counseling Shams: Stroudsburg, PA
Assuming that you are dealing with an established organization, credit counseling can help. For that matter, the Federal Trade Commission now demands it for those declaring bankruptcy, but you really need to make certain that any credit counselor you work with, is a professional one. This can be done in many ways, including examining their testimonials, looking at their official certification status, and looking at their Better Business Bureau page.
For more information, check out this FTC article on the topic. You should never choose a credit counselor you can’t depend on. Why don’t we assist you in finding a good Stroudsburg credit counseling firm.
How Much Could Credit Card Counseling Help You Save?
If your creditors agree to participate in your Stroudsburg credit counseling program’s debt management plan, you will benefit from lowered rates of interest, service fees, and lower payments per month. Credit counseling saves you time and cash. Discover more today.
Debt management plans are very affordable: $25-35 a month, and the fee is built into your monthly payment.
How much will your monthly payments be? That depends on what you owe. Typically 2.5% of the amount you owe.
Consumer Bankruptcy Counseling in Stroudsburg, PA
Have you been thinking about bankruptcy? You are not alone. Stroudsburg has 26,654 residents, and we estimate that 70 have been forced go into bankruptcy. As of 2005, any person in Stroudsburg who wishes to file for bankruptcy protection has to first receive a document demonstrating that they signed up for a bankruptcy credit counseling program in Stroudsburg, PA.
Sessions can be in person, over the telephone, or online.
Don’t forget that you will need to participate a credit counseling program post bankruptcy to boot.
Consumer Credit Counseling Services: Stroudsburg, PA
Created more than 60 years ago, the National Credit Counseling Foundation, or NCFF, is the largest network of not for profit credit counseling organizations in Pennsylvania, and their network members are typically generally known as CCCS, or the Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Stroudsburg, PA, will generally be:
- A Non Profit
- Part of the National Foundation for Credit Counseling (NFCC)
- Approved by the Dept of Housing and Urban Development (HUD.gov)
- Have the acronym CCCS in their Domain Name
Usually a CCCS firm will offer not just consumer credit counseling, but also Stroudsburg bankruptcy credit counseling, money management seminars, and housing help. Be prepared to pay approximately no more than $40 each month. To locate the CCCS agency nearest to Stroudsburg, PA, please research the listing of Stroudsburg credit counseling agencies we’ve provided. If you aren’t seeing one, you can go to debtadvice.org.
Christian credit counseling services hope to help their clients realize their goals spiritually and on a financial basis. They are typically not for profit. The services they provide are usually roughly the same as a normal firm’s.
Credit and Debt Counseling Agencies: Stroudsburg, PA
- Mishkin, Ronald J – Mishkin Ronald J, 712 Monroe St, 18360
- Consumer Credit Counseling Service, 411 Main St, #104, 18360