Debt Relief

Credit Counseling: Huntsville (TX)

Credit Counseling Huntsville TX What if it were possible to trim down your rate of interest and debt collection calls?

Let us connect you with a debt counseling consultant who can:

  • Analyze Your Finances.
  • Give you a Savings Estimate.
  • Suggest the Right Solution.

Your Huntsville credit counseling service may be able to help you:

  • Consolidate Your Payment Amounts
  • Obtain Decreased Interest
  • Eliminate Debt Collections Harassment
  • Develop Stronger Debt Relief Strategies

>> Get Your No Cost Credit Counseling Evaluation!

Debt to Income Ratio in Huntsville (TX)

Credit Counseling Huntsville TX

Anyone reviewing a credit application wants to know how much you make, how much you owe. Calculating this is basic. Let’s consider a few estimates based on earnings of $7,902 each year, Huntsville’s average:

  • $237 (36%): Great
  • $244 to $277 (37-42%): OK
  • $283 to $330 (43-50%): Risky
  • $330 plus (50%): Extreme

Credit Counseling Programs: Huntsville (TX)

If you’re in a lot of debt, your credit counselor could very well advise you to sign up for a debt management program. A DMP is a type of debt consolidation, because your payments to creditors will be condensed into just one amount. However, no loan is necessary. With a debt management plan in Huntsville, the credit counselor will deal with paying the credit card companies each month. Pretty much all you’ll have to do is provide them with the prearranged payment per month.

Credit Counseling Huntsville TX

Credit counseling should not hurt your credit score over the long haul, as FICO does not look at these types of programs when computing your rating. However, loan providers may be unwilling to approve you for a new auto or home loan if you are the client of a credit counseling company in Huntsville, TX.

Steering Clear of Credit Counseling Shams: Huntsville, TX

Assuming that you work with an established company, credit counseling can be highly effective. In point of fact, the Federal Trade Commission now requires it for individuals who want to file bankruptcy, but avoid any credit counselors in Huntsville that advertise they will:

  • End all calls from debt collectors
  • Take away damaging stuff from your credit profile
  • Settle guaranteed debts
  • Erase your debt by means of some federal program
  • Guarantee the elimination of credit card debt
  • Charge a fee upfront for their solutions

Keep in mind, being a not-for-profit does not necessarily mean that a credit counseling agency is legit, and the other way around.

Don’t forget, at Debt Consolidation Texas, we help you find the perfect counseling or debt relief solution based upon your specific situation.

Needless to say, unsecured credit card debt can be so tough because the high interest rates guarantee that your debt will keep growing. Any first-rate credit counseling firm in Huntsville should be able to have the majority of your creditors agree to reduce your interest rates and late payment fees, saving you serious money in the end. Credit counseling saves you time and cash. Learn more today.

Fees Associated with Credit Counseling Firms: Huntsville, TX

Even though credit counseling is generally free, DMP’s include fees each month. Though not free, debt management is an affordable solution for a lot of Huntsville residents. There is typically an enrollment fee of no more than $75, along with a bill every month of $40 or less.

Most programs will want you to repay 2.5% of your overall debt per month. Here is a table showing how much your monthly payments would be, based on various stages of consumer debt.

Debt 2.1% 2.5%
$5000 $105 $125
$10,000 $210 $250
$30,000 $630 $750
$45,000 $945 $1125
$50,000 $1050 $1250
$65,000 $1365 $1625
$80,000 $1680 $2000
$90,000 $1890 $2250

Credit Counseling / Debt Counseling in Huntsville (TX)

  • Gotmerchant.com, 144 I-45 N, 77320
  • National Credit Repair, 1700 7th St, 77320