We match people in Athens, TX, with debt consolidation specialists whose goal is to:
- Reduce their monthly payments
- Minimize or freeze their APR rates
- Lower debt collector calls
For a free debt consolidation assessment, you can just call us or complete our contact form. TX Debt Consolidation can connect you with a debt consolidation firm based upon your local area, how much debt you’re carrying, and your personal priorities.
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Debt Management (DMP’s) in Athens, TX
In most cases, Athens residents choose to combine their debts under a debt management plan.
This DMP offers quite a few benefits:
- One Single Payment Per Month
- More Affordable Interest Rates
- Forgiven Late Payment Fees
On top of that, debt management plans are one of the most economical ways to consolidate debt in Athens, TX.
Debt consolidation loans come in two forms: unsecured loans and home equity loans, of which the second is most typical. Instead of posting checks to numerous credit card providers on a monthly basis, you will only be responsible for your monthly payment.
For people who have below-average credit, this probably isn’t the way to go, since a good credit rating is needed to obtain one of these loans with cheap enough rates. To figure out whether or not a debt consolidation loan is a viable choice, it’s best to speak to one of our debt consultants.
In Athens, it seems like payday debt is nearly as widespread a concern as credit debt.
| Residents | 1 Payday Loans | 2 Payday Loans | Late |
|---|---|---|---|
| 21,996 | 1,144 | 869 | 503 |
Thank goodness, there are Athens TX payday loan consolidation firms who will help you:
- Scale back excessively high payday advance rates.
- Decrease payday lender telephone calls.
- Combine multiple payday advances.
- Create a budget for payment.
Do you want to read more? For more information, go to this link.
Evaluating Your Debt: Athens, TX
Preferably, the amount of debt you owe each month will comprise less than one third of your earnings. This consists of credit card bills, loans, and rent/mortgage payments. For instance, say you make $1,398 every month, the average for Athens residents, then, if possible, you would spend no more than $503 monthly. Of course, many Athens residents are in serious debt, indicated by a debt to income ratio (DTI) of more than 50%. They’re forking out more than $699 per month!
If your debt load each month is higher than 50%, it is high time to seek the advice of a debt consolidation expert in Athens, TX.
Credit Card Debt Consolidation Tips
In accordance with FTC guidelines, your Athens debt consolidation service is required to:
- Explain all prices and charges.
- Tell you how many weeks it will be until they make contact with each credit card company.
- Let you know how much you have to save before they will make contact with each creditor.
- Fully describe how debt consolidation will threaten your credit score.
Never sign up for a debt consolidation program in Athens, TX, that’s got a negative track record. For additional information, take a look at the section of FTC.gov called In Debt?.
Consolidation Agencies in Athens (TX)
- Texas Debt Consolidation Company? Contact us to be listed.
