If you’ve been past due on your credit cards, consolidating your credit cards and unguaranteed debt into just one monthly payment might be the answer.
There are not one but two distinct types of debt consolidation programs: some entail getting a loan, some do not. In both cases, you’ll need a consistent income source. To see which method meets your needs, check with a qualified San Marcos debt consolidation professional.
Debt Management in San Marcos, TX
In most cases, San Marcos residents choose to consolidate their debts into a debt management plan.
A DMP has many benefits:
- Single Payment Per Month
- Reduced Interest
- Forgiven Penalty Fees
Moreover, DMP’s are one of the most economical methods of consolidating debt in San Marcos, TX.
Should you decide to take out a debt consolidation loan in San Marcos, TX, you will use the loan to pay off your existing credit cards. Needless to say, this loan still has to be paid back.
Instead of mailing checks to an array of creditors each and every month, you will only be responsible for your monthly loan payment.
Unlike other San Marcos debt consolidation solutions, these types of loans won’t include any of the money management coaching you’ll get from credit counseling in San Marcos, TX.
Speak with a debt consolidation consultant to learn which debt relief strategy will be right for you.
Consolidating Payday Loans: San Marcos (TX)
In San Marcos, payday debt is nearly as prevalent an issue as credit card debt.
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Have you found yourself overdue on multiple payday advances? Don’t worry, we can help you find a payday loan consolidation service in San Marcos, TX,. Time to free yourself from payday debt?
In a perfect world, your monthly debt payments will take up approximately 33% of your earnings. This means credit cards, loans, and rent/mortgage payments. For instance, if you make $1,306 a month, about average average for someone who lives in San Marcos, then, ideally, you would spend roughly $483 each month. Having said that, many San Marcos residents are in major debt, defined by debt-to-income ratios of more than 50%. That means they are having to spend more than $653 each month!
Are you carrying more than $10,000 in unsecured debt? Then you really should speak with a debt consolidation professional in San Marcos, TX.
Debt Consolidation Programs in San Marcos (TX)
- Confidential Credit Consultants, 207 Buttercup St, 78666