Do you have a bad credit score and lots of debt? In this case, this is a good time to find a credit counseling service in Temple, TX.
We’re able to match you to a credit counseling firm based upon your location, debts, and personal preferences. Just think. You could find yourself on the road to financial freedom in no time. Start now!
Ideally suited candidates have the following:
- Owe at Least $2,5000
- Ability to Allocate $250-$300 Toward Monthly Payments
In the end, credit counseling does much less harm on your credit scores than debt settlement, as you pay off everything you owe.
There are 60,114 people who live in Temple, TX, and we estimate that 2,217 are overdue on their monthly payments.
Anyone reviewing a credit application wants to know how much you earn, how much you owe? This is the biggest factor. There are criteria that will inform you of what sort of financial situation you’ve gotten yourself into. Have a look at a few statistics consistent with earnings of $18,229 yearly. That’s the average in Temple.
- $547 (36%): Best
- $562 to $638 (37-42%): Acceptable
- $653 to $760 (43-50%): Risky
- $760 or higher (50%): Critical
Credit Counseling Plans in Temple, TX
Do you have more than $10,000 in debt or have a debt-to-income ratio of 50% or higher? Then your credit counseling specialist could possibly say that you need to sign up for a DMP, or debt management plan. With a debt management plan, your Temple TX credit counseling agency may able to negotiate lower interest rates and costs from the creditors you’re paying back.
Your credit counseling service will deal with your creditors directly.
Temple Debt Management vs Other Options
The majority of consumer credit counseling agencies strive to have debt free 3-5 years. Though this should not make your credit ratings decrease, it could be tricky to get approved for new a credit line. Having said that, if you were to go with a debt settlement program, you could you expect your credit ratings to be severely impaired.
Finding a Credit Counseling Company in Temple, TX
By and large, credit counseling has been recognized by the FTC and other government authorities, but professional credit counseling companies in Temple and throughout the nation will generally ensure that you get:
- 45 to 60 Minutes of Upfront Advisement
- No Advance Costs
- A Written Plan Of Action
- Accreditation Credentials
Just remember, nonprofit status does not guarantee that a credit counseling company is bonafide, and the opposite is true as well.
Don’t work with a credit counselor that you can’t put your confidence in. Why don’t we assist you in finding a good Temple credit counseling agency.
With credit counseling, you’ll have to repay 100% of your debt. However, your creditors may agree to waive extra charges and bring down rates under a DMP. Are you ready to learn how fast credit counseling could help you repay your debts?
Debt management plans are very inexpensive. They normally cost less than $40 monthly, and the cost is rolled into the amount you pay each month.
If you can afford to repay 2.5% of the amount you owe every month, you could get out of debt in around 40 months, assuming that your credit counseling company can freeze your APR. If he can’t, it’s going to require significantly longer.
Here is a table showing you how much your monthly payments would be, given varying stages of debt.
- $30,000 Debt: $630 to $750
- $60,000 Debt: $1260 to $1500
- $65,000 Debt: $1365 to $1625
- $70,000 Debt: $1470 to $1750
- $85,000 Debt: $1785 to $2125
- $95,000 Debt: $1995 to $2375
Consumer Bankruptcy Counseling: Temple, TX
Bankruptcy has become widespread in the state of Texas, don’t you think? It’s estimated that 124 of Temple’s 60,114 consumers have been forced declare bankruptcy.
As required by the FTC, you must participate in a pre-bankruptcy Temple credit counseling course before declaring bankruptcy. This program must be within six months of when your filing date. You haven’t got to work with your local Temple credit counseling service for this. Programs can be found on the internet and by telephone.
The process typically costs $50 and takes just 1 hour 30 minutes. For an approved list of approved Texas credit counseling programs, click here. On the other hand, you can converse with a qualified debt consultant:
Non-Profit Credit Counseling Service: Temple (TX)
The NFCC is the premier network of consumer credit counseling services in Texas, and their affiliates are normally referred to as CCCS, or the Consumer Credit Counseling Service. In Temple, Texas, a Consumer Credit Counseling Service will normally be a not for profit which makes use of an NFCC membership seal. More often than not a CCCS organization will make available:
- Pre/Post Bankruptcy Credit Counseling
- Housing Assistance
- Credit Profile Assessments
- Debt Management Plans
Remember that non profit credit counseling in Temple, TX, is not to mean zero cost. Plan to shell out about $35 on a monthly basis.
To locate the CCCS agency nearest to Temple, TX, check the list of services we offer or drop by DebtAdvice.org.
Debt and Credit Counseling in Temple, TX
- Consumer Credit Counseling Service, 1507 Paseo Del Plata, 76502
- Laughlin, Ed L – Ed L Laughlin Law Office, 1509 W Avenue J, 76504
- Consumer Credit Counseling, , 76554