Debt Relief

Credit Counseling: Denison (TX)

Do you need to cut back the interest rates on your credit cards and pay down your debts? In that case, you should find a credit counselor in Denison, TX. Do you want to speak with an experienced Denison credit counselor about getting free from debt?

Credit Counseling in Denison TX

For the most part, individuals in need of Denison credit counseling have these qualities:

  • $3.5K in Credit Card Debts
  • Ability to Allocate $250-$300 Toward Monthly Payments
  • Genuine Aspiration to Rid Themselves of Debt

There’s no denying, credit counseling won’t decrease your total debt. Even so, it is far better for your credit ratings than debt settlement.

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Your debt to income ratio, also known as DTI, helps to assess if you need credit counseling.

Wages DTI Debt Severity
$2,775 36% $999 Great
$2,775 43% $1,193 Decent
$2,775 50% $1,388 Severe

Credit Counseling Plans in Denison, TX

Credit Card Counseling Denison TX

Do you have more than $10K of medical or credit card debt or have a DTI of 50% or higher? Then your credit counselor could possibly say you need to sign up for a DMP, or debt management program. If you participate in a DMP, your Denison TX credit counseling agency may able to secure less expensive APR’s and better terms from your creditors.

You’ll write only one check each month to your Denison credit counseling service, and they will send out the correct portions to each of your creditors.

Picking a Credit Counseling Company in Denison, TX

Credit Counseling Denison TX

Assuming that you get an established company, credit counseling can help. Believe it or not, the FTC now requires it for those declaring bankruptcy, but stay away from any credit counseling firms that say they will:

  • Halt all collections calls
  • Eliminate damaging items from your credit profile
  • Negotiate secured debts
  • Keep credit card issuers from taking legal action against you
  • Charge a fee in advance for their assistance

To read more, read this FTC post on how to choose a credit counselor.

How Much Could Credit Card Counseling Help You Save?

While credit counseling isn’t going to cut down your debt, it will save you a lot with decreased interest and fewer penalties.

Are you ready to learn how soon credit counseling could get you out of debt?

Debt and Credit Counseling Agencies in Denison, TX

  • Consumer Credit Counseling, , 74720
  • Creditiscrazy.com, 2511 W Morton St, #103, 75020