Do you want to work with a qualified credit counselor to come up with a plan for financial freedom? If that’s the case, you ought to enlist the services of a credit counseling organization in Grand Prairie, TX.
We connect you with credit counselors and debt management companies in Grand Prairie to help you get the help you need.
Any good credit counseling consultant in Grand Prairie should be able to help you:
- Merge Your Payment Amounts
- Lower Your Interest
- Stop Collection Agency Calls
- Implement More Effective Debt Management Skills
The average income for people in Grand Prairie is $26,872 per annum, which is $2,239 a month. You need to contact a credit counselor if you make this much and are having to pay $963 to $1,120 a month on debts such as rent, mortgage, loans, and credit cards.
Have you got more than $10,000 of debt or have a debt-to-income ratio of 50% or more? You might need to take part in a debt management plan (DMP). A DMP is a means of consolidating debt, given that your monthly payments will be combined into a single payment, but there is no loan necessary.
On a monthly basis, you’ll mail a set payment to your Grand Prairie credit counselor, and they’ll distribute the appropriate sums to your creditors.
Picking a Credit Counseling Firm: Grand Prairie (TX)
As long as you are dealing with an established agency, credit counseling can be extremely valuable. Believe it or not, the FTC now requires it for those declaring bankruptcy. All the same, here is how to make certain that your Grand Prairie credit counseling provider is legitimate:
- Demand testimonials
- Check their accreditation status
- Check that your counselor is competent
Keep in mind that non profit status does not necessarily mean that a credit counseling business is respectable, and the other way around. Don’t be happy with a credit counselor that you can’t depend on. Why don’t we help you find a reputable Grand Prairie credit counseling agency.
In order to find out how much credit counseling could help you save, you need to talk with a debt relief expert. Thankfully, you might not need to pay as much every month as you had been paying, due to decreased fees and interest.
A short analysis of your financial situation is essential to supply you with an exact savings estimate.
Debt management programs are very reasonable: less than $40 each month, and the fee is factored into your monthly payment. Under a debt management program, the money you allot each month to repaying your credit balances is typically equal to the minimum payment on your credit cards (usually 2.5%).
Consumer Bankruptcy Counseling: Grand Prairie (TX)
Of the 125,411 people who live in Grand Prairie, we estimate that 258 have found it necessary file for bankruptcy. Within half a year of filing for bankruptcy, you must attend an approved credit counseling program and get a certificate to be presented during your bankruptcy case. You can do the session in person, over the phone, or on the web.
Keep in mind that doing a credit counseling program after bankruptcy is also a requirement.
For an approved list of approved bankruptcy credit counseling services for Grand Prairie residents, take a look here, and you can talk with a qualified debt consultant:
Credit Counseling / Debt Counseling in Grand Prairie (TX)
- Burt and Associates Collection Agency, 1701 E Main St, 75050
- Consumer Credit Counseling, , 76021
- Credit Card Advice, , 76021