Has debt been harming your credit scores? Then you’ve come to the right place. We help our clients determine the debt relief and credit counseling solutions in Odessa, TX that meet their needs.
The majority of people who sign up for Odessa credit counseling have steady income, debt in the neighborhood of at least $3,000, and an eagerness to be free of debt.
Long term, credit counseling does far less damage to your credit rating than a debt negotiation program, given that you don’t stop paying your creditors.
Debt in Odessa: When Does it Become Excessive?
On average, the salary in Odessa is $22,077 each year, or $1,840 on a monthly basis. You need to chat with a credit counselor if you earn $1,840 and find you are shelling out $791-$920 each month on debts that are secured or unsecured, for example:
- Cash Advances
- Auto or Student Loans
- Credit Card Bills
Have you got at least $10K of debt or have a DTI of 50% or more? You might need to enter a debt management plan (DMP). If you sign up for a debt management plan, you might be able to enjoy:
- Lowered APR’s
- Fewer Debt Collection Agency Calls
- Consolidated Payment Amount
- Faster Way out of Debt
You’ll write only one monthly check to your Odessa credit counselor. They then allot the money among your creditors.
Avoiding Credit Counseling Shams in Odessa, TX
Assuming that you work with an established firm, credit counseling can really help. Indeed, the Federal Trade Commission now mandates it for those filing bankruptcy not just in Texas, but across the country, but avoid any credit counselors in Odessa that advertise that they will:
- Halt all calls from collection agencies
- Guarantee the removal of credit card debts
- Bill you upfront for their products and services
For additional information, check out this FTC guide on choosing a credit counselor. Keep in mind, we can assist you in finding the appropriate credit counseling or debt management plan according to your distinct needs.
Everything you owe will have to be paid back, but your creditors may agree to waive fees and reduce rates under a DMP. Credit counseling will save you time and expense. Learn more today.
Credit Counseling and Bankruptcy in Odessa, TX
The market meltdown has been an issue for everybody, and bankruptcies are way up in Odessa and across Texas. Odessa has 120,928 residents, and about 249 have filed for bankruptcy.
Within half a year of declaring bankruptcy, you must attend an approved credit counseling program and acquire a certificate to present during your bankruptcy proceedings. You can do the program in person, on the phone, or via the internet, so long as you receive the right certification
Not every non profit credit counseling program in Odessa, TX, is approved.
For an approved list of approved Texas credit counseling programs, click here, or you can chat with a seasoned credit consultant:
Non-Profit Credit Counseling Services: Odessa, TX
Launched in 1951, the National Credit Counseling Foundation (NCFF) is the largest network of not for profit credit counseling organizations in Texas. Members are typically generally known as CCCS, or the Consumer Credit Counseling Service. In Odessa, Texas, a Consumer Credit Counseling Service will usually be:
- Not For Profit
- NFCC Member
- Authorized by the Department of Housing and Urban Development (HUD.gov)
- Accredited by The COA
- BBB Member
More often than not a CCCS firm will provide much more than just credit counseling. They’ll also provide:
- Pre/Post Bankruptcy Counseling for Odessa Residents
- Housing Assistance
- Credit Score Assessments
- Financial Education Classes
Unfortunately, nonprofit doesn’t translate to free of charge. Be ready to shell out around $35 each month. To find the closest CCCS office in Odessa, TX, please have a look at the list of Odessa credit counseling firms we provide. As an alternative, you can utilize the NCFF’s agency directory by clicking here
Christian Credit Counseling Providers: Odessa, TX
Christian credit counseling programs aim to help their clients accomplish their personal and spiritual dreams. The majority are non profit. The products and services they supply are generally the same as a typical firm’s.
Credit Counseling / Debt Counseling Agencies: Odessa, TX
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