Have you been having difficulties paying your monthly bills? Then a trusted Mineral Wells credit counseling agency could help.
We match you with credit analysts companies to get you the debt relief you’re looking for.
Today, many credit counseling companies in Mineral Wells are paid at least in part by contributions from your credit card companies. This means the vast majority of credit card counseling companies are easy on the budget. Of the 22,018 people who live in Mineral Wells, TX, something like 812 are not able to afford to make their credit card payments month after month.
>> Get Your Free Credit Counseling Assessment – Today!
Your ratio of debt to income, also referred to as DTI, helps to confirm if your finances warrant credit counseling.
| Wages | DTI | Debt | Seriousness? |
|---|---|---|---|
| $1,256 | 36% | $452 | Optimal |
| $1,256 | 43% | $540 | Decent |
| $1,256 | 50% | $628 | Severe |
Debt Management: Mineral Wells (TX)
Have you got more than $10K in debt or have monthly payments for rent, loans, or credit cards that consume more than 50 percent your income? Then you might need to enter into a debt management plan (DMP). If you participate in a debt management plan, you might benefit from:
- Cheaper APR’s
- Decreased Debt Collector Calls
- One Payment On a Monthly Basis
- Speedier Debt Payoff
Your credit counseling agency will take care of paying your creditors each and every month. The only thing you have to do is hand them the predetermined monthly payment.
Negotiation versus Credit Counseling in Mineral Wells, TX
Credit counseling shouldn’t decrease your credit ratings in the end, but banking institutions may be reluctant to give you new home or auto loans when you’re working with a credit counseling specialist in Mineral Wells, TX. Obviously, they may decide that a brand new loan could tax your financial situation.
Picking a Credit Counseling Company: Mineral Wells, TX
So long as you get a good organization, credit counseling can be a life-saver. Truth be told, the Federal Trade Commission now mandates it for people filing bankruptcy, but professional credit counseling organizations typically have:
- Experienced Advisors
- Real Testimonials
- Immediate Responses
- No cost Advice
- Individualized Plans of Action
Remember, being a non profit isn’t going to always mean that a credit counseling business is legit.
>> Find out How Much You Could Save
Credit counseling saves you money because creditors generally agree to decrease monthly payments, APR’s, and late fees.
Credit counseling will save you time and money. Discover more today.
>> Get a Zero Cost Savings Quote
Fees Charged By Credit Counseling Agencies in Mineral Wells, TX
Credit counseling companies are not allowed to charge advance fees by the FTC.
How much will a debt management program cost? Generally $25-30 a month, including a startup fee of around $90. If you can pay off $2.50 of every $100 you owe on a monthly basis, you could pay off your debts in roughly 3.5 years, if your credit consultant can lock up your APR. If he can’t, it will require significantly more time. You might be interested in a table showing how much your monthly payments would be, given various degrees of unsecured debt.
| Debt | 2.1% | 2.5% |
|---|---|---|
| $5000 | $105 | $125 |
| $10,000 | $210 | $250 |
| $15,000 | $315 | $375 |
| $20,000 | $420 | $500 |
| $25,000 | $525 | $625 |
| $40,000 | $840 | $1000 |
| $60,000 | $1260 | $1500 |
| $70,000 | $1470 | $1750 |
| $80,000 | $1680 | $2000 |
| $90,000 | $1890 | $2250 |
Post-Bankruptcy Credit Counseling in Mineral Wells (TX)
We estimate that 45 of Mineral Wells’s 22,018 residents have declared bankruptcy. Credit counseling is an FTC requirement before declaring bankruptcy. You can do the program in person, by telephone, or online, as long as you obtain the required certification
The course generally costs $50 and lasts just an hour and a half. For an approved list of approved pre-bankruptcy credit counseling programs for Mineral Wells residents, follow this link, and you can talk with an experienced credit consultant by completing this form.
Consumer Credit Counseling Service: Mineral Wells, TX
The NFCC is the biggest network of consumer credit counseling organizations in Texas, and their members are usually generally known as CCCS, or Consumer Credit Counseling Service. In Mineral Wells, Texas, a Consumer Credit Counseling Service will usually be a community not for profit agency which uses an NFCC seal. Ordinarily a CCCS organization will provide Mineral Wells bankruptcy counseling for Mineral Wells consumers, along with housing assistance and credit report counseling.
To locate the CCCS agency that’s nearest to Mineral Wells, TX, please have a look at the list of Mineral Wells credit counseling firms we offer or look at www.DebtAdvice.org.
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Credit Counseling / Debt Counseling Agencies: Mineral Wells, TX
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