Have you been drowning in monthly bills? In that case, a trusted Eagle Pass credit counseling agency could help. At Debt Consolidation Texas, we help Texas our users get out of debt.
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Whereas credit repair leads to improved credit ratings relatively swiftly, credit counseling is focused on relief from debt.
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Typically, Eagle Pass residents make $10,708 yearly. In a perfect world, a consumer who gets paid $892 per month ought to have combined credit card, rent, and loan payments of only $321 per month. This is 36% of their gross earnings.
If your monthly debts cost you more than 43% of your earnings, you are at risk. If you get paid $892, the Eagle Pass average, we’re only talking about $384. You wouldn’t be alone: a large number of Eagle Pass residents we work with have debt to income ratios of more than 50% ($446).
Have you got more than $10K in debt or have a debt-to-income ratio of 50% or more? Then you might need to enroll in a debt management plan (DMP). Why sign up for a DMP? Well, you may benefit from:
- Discounted Interest Rates
- Fewer Debt Collection Agency Calls
- One Payment On a Monthly Basis
- Quicker Debt Payoff
You don’t have to speak with your creditors. The credit counselor will take care of this aspect.
Settling on a Credit Counseling Agency: Eagle Pass, TX
So long as you are dealing with an established firm, credit counseling can help. In point of fact, the FTC now requires it for individuals filing bankruptcy in Texas and nationwide, but there are a variety of methods to make certain that your Eagle Pass credit counseling provider is recommended:
- Obtain testimonials
- Examine their BBB
- Check that your consultant is qualified
To read more, read this FTC article on the subject. No need to choose a credit counselor you can’t put your confidence in. Let us help you find a reputable Eagle Pass credit counseling organization.
>> Get Your Zero Cost Savings Estimate
Although credit counseling does not scale back debt, you’ll save a lot of money by virtue of cheaper interest and a fewer number of fees.
Let a knowledgeable credit professional evaluate your finances and inform you of how much you could save.
Pricing Credit Counseling: Eagle Pass, TX
In many cases, the counseling component is provided for free.
How much will a debt management plan cost you? Normally $25-$30 each month, including an initial fee of roughly $100. If you can afford to pay off 2.5% of the amount you owe every month, you could be debt free in roughly 3.5 years, assuming that your credit consultant is able to freeze your APR. If he can’t, it will take significantly longer.
Consumer Credit Counseling Services in Eagle Pass, TX
Texas’s chief not for profit credit counseling organization is the NFCC. Their network is identified as CCCS, or Consumer Credit Counseling Service. In Eagle Pass, Texas, a Consumer Credit Counseling Service will usually be:
- A Not For Profit
- Affiliated with the NFCC (National Foundation for Credit Counseling)
- Approved by the Dept of Housing and Urban Development (HUD.gov)
- Member of the Better Business Bureau
In most cases a CCCS agency will supply Eagle Pass bankruptcy counseling for Eagle Pass consumers, and in many cases housing and credit score counseling sessions.
To locate the CCCS location closest to Eagle Pass, TX, reference the directory of Eagle Pass credit counseling services we offer or use the NCFF locator service located here
Credit and Debt Counseling Agencies: Eagle Pass (TX)
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