Do you want to get your debts paid back and reestablish your credit? In that case, we can help. Credit counseling, also known as debt counseling, is a budget friendly way to consolidate your debt payments that doesn’t involve utterly destroying your credit.
Perfect candidates for credit counseling have the following:
- $10,000 in Non-Secured Debt
- Steady Income
Credit counselors have you pay the full balance owed to your lenders, including interest, which is measurably better for your credit rating down the road than debt settlement.
On average, the income for residents of San Angelo is $17,243 per year, or $1,437 every month. You need to contact a credit counselor if you make $1,437 and find you are forking out $618-$719 monthly on debts that are secured or unsecured, for example rent, mortgage, loans, and credit cards.
Do you owe at least $10,000 in medical or credit card debt or have monthly payments related to rent, loans, or credit cards that total one half of what you earn each month? Then your credit counseling professional may well decide that you need to take part in a debt management plan (DMP). By signing up for a debt management plan, you may be able to take advantage of:
- Lower APR Rates
- Reduced Debt Collection Agency Calls
- Consolidated Payment On a Monthly Basis
- Faster Way out of Debt
Under a debt management plan in San Angelo, TX, your credit counselor will address payment to your creditors every month. The only thing you’ll have to do is supply them with the predetermined payment on a monthly basis.
Just remember, debt settlement is not part of consumer credit counseling. Credit card debt negotiation may enable you to pay off just 40-60 percent of what you owe; however, it could kill your credit scores.
How to Avoid Credit Counseling Shams: San Angelo, TX
As a program, credit counseling and debt management plans have been vetted by the Federal Trade Commission (FTC) and other federal regulators. Nonetheless, here is how to ensure that your San Angelo credit counseling service is trustworthy:
- Request testimonials
- Verify their accreditation
- Be sure that your counselor is competent
For additional information, read this FTC article on the subject. Never be happy with a credit counselor that you can’t count on. Let us assist you in finding a good San Angelo credit counseling specialist.
Credit counseling helps people to economize thanks to the fact that your creditors who participate reduce payment amounts, rates of interest, and late charges.
To see exactly how much you could save, speak with a knowledgeable credit counselor in San Angelo, TX – right now!
Credit Counseling for Bankruptcy: San Angelo (TX)
The economic crisis hurt everyone, and bankruptcies practically endemic in San Angelo and across Texas. San Angelo has 100,260 residents, and it’s estimated that 207 have filed for bankruptcy.
Before filing bankruptcy, you must go through an approved credit counseling program and obtain a certificate that must be presented in bankruptcy court. You don’t have to pay a visit to a local San Angelo credit counselor. Programs are available online and on the telephone.
Normally, credit counseling post-bankruptcy will be necessary.
For an approved list of approved Texas credit counseling programs, visit here, and you can talk with a qualified credit specialist:
Debt Management and Credit Counseling: San Angelo, TX
- Texas debt company? Contact us to be listed.