Wouldn’t it be wonderful if it were possible to pay back your debts and get your life back on track in 36 to 60 months? At Debt Relief of PA, we help Pennsylvania our users find the Washington credit counseling agency they need.
Credit counseling firms help consumers struggling financially create a long term program for decreasing debt and increasing credit ratings.
The average income in Washington, PA is $34,625 annually. Any consumer who makes this much ought to have debts of only $1,039 each and every month. This is 36 percent of their earnings.
If you get paid $2,885 on a monthly basis and are paying in excess of $1,241 (43%), you’re on the verge of real financial difficulties. You won’t be on your own: lots of Washington consumers spend more than half of their income ($1,471) on such expenses.
If you’re in substantial debt, your credit counselor will probably recommend that you participate in a debt management program. A DMP is a type of debt consolidation, given that your payments to creditors is combined into just one amount. However, there is no loan necessary. You will write only one monthly check to your Washington credit counseling service, and they will then allot the payments among each of your creditors.
Credit counseling shouldn’t do damage to your credit ratings permanently, as Fair Isaac doesn’t look at these plans when they compute your ratings, but credit firms may not be able to give you new car or property loans if you’re the client of a credit counseling company in Washington, PA.
Defending Yourself Against Credit Counseling Scams in Washington, PA
Overall, credit counseling has been recognized by the FTC and other governmental bodies. Of course, stay clear of any credit counselors that claim they can:
- Stop all debt collection calls
- Ensure the elimination of credit card debts
- Charge you in advance for their assistance
Just remember that not for profit status won’t necessarily mean that a credit counseling program is legit.
Of course, we help guide you to an appropriate credit counseling or debt relief program based on your specific situation.
If you want to establish how much credit counseling could help you save, you need to talk with a debt specialist. However, your monthly payments should be smaller thanks to reductions in interest rates and penalties.
Let a highly skilled credit agent evaluate your finances and provide you with a quote for how much you could save.
Credit Counseling and Debt Management Agencies: Washington (PA)
- Pennsylvania credit counseling company? Email us for a free listing!