Are you interested in finding a trusted credit counselor to put together a a strategy to get out of debt? In that case, tracking down a professional credit counselor in Bedford might be the answer. Here at Debt Consolidation Texas, we connect our visitors to reputable credit counseling specialists in Bedford, TX.
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Most suitable individuals for credit counseling have steady income, debt in excess of $3K, and the ability to give 2.5 percent of their outstanding debt every month.
Credit counselors have you pay back everything you owe on your credit cards, including interest. This is more beneficial for your credit rating over time than debt settlement.
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Your ratio of debt to income, also known as DTI, helps to assess whether or not your finances warrant credit counseling.
| Earnings | DTI | Debt | Level |
|---|---|---|---|
| $2,936 | Less than 36% | $1,057 or less | Optimal |
| $2,936 | 37%-42% | $1,086-$1,233 | Fine |
| $2,936 | 43%-50% | $1,262-$1,468 | Too High |
| $2,936 | 50% Plus | $1,468 or More | SEVERE! |
Bedford, TX Debt Management Programs
Debt management is virtually interchangeable with credit counseling. By enrolling in a DMP, you might be able to take advantage of:
- Cheaper Credit Card APR
- Decreased Collector Phone Calls
- One Payment On a Monthly Basis
- Speedier Debt Payoff
Every month, you will give an agreed payment to your Bedford credit counselor. They allot the funds among your creditors.
Settlement vs Credit Counseling in Bedford, TX
Typically, consumer credit counseling organizations endeavor to have debt free within just 60 months. While you’re taking advantage of credit counseling, your credit scores should not get lower, but it usually is hard to take on new personal lines of credit. Then again, if you were to go with debt negotiation, your credit ratings would probably be significantly impacted.
Defending Yourself Against Credit Counseling Shams: Bedford (TX)
As an industry, credit counseling and debt management plans have been checked out by the FTC and other state and federal authorities, but legitimate credit counseling services typically feature:
- Seasoned Counselors
- Authentic References
- Direct Answers
- No cost Counseling
For details, check out this FTC write-up on choosing a credit counselor.
If you give us a call for a free analysis, you can be more certain that you’re going to be matched up with one of the best debt management services in Bedford, TX.
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To assess how much credit counseling can save you, you need to seek the advice of a credit counseling expert. However, it can often contribute to cheaper monthly bills by virtue of dramatically reduced interest and penalties or fees.
A brief evaluation of your financial situation is essential to provide a detailed savings quote.
Pricing Credit Counseling in Bedford, TX
Although credit counseling is usually free, debt management plans include fees each month.
Starting a debt management plan should not cost more than $75, and the fees each month ought to be only $40.
The majority of DMP’s will have you repay 2.5% of your total credit card debt each month. Let’s look at an overview of how much you might have to pay, based on differing amounts of total debt.
| Debt | 2.1% | 2.5% |
|---|---|---|
| $20,000 | $420 | $500 |
| $25,000 | $525 | $625 |
| $35,000 | $735 | $875 |
| $45,000 | $945 | $1125 |
| $50,000 | $1050 | $1250 |
| $65,000 | $1365 | $1625 |
| $80,000 | $1680 | $2000 |
| $85,000 | $1785 | $2125 |
| $90,000 | $1890 | $2250 |
| $95,000 | $1995 | $2375 |
Consumer Credit Counseling Services: Bedford, TX
The National Credit Counseling Foundation is the number one network of non-profit credit counseling agencies in Texas, and their affiliates are generally called CCCS, or the Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Bedford, TX, will normally be:
- Non Profit
- Part of the NFCC (National Foundation for Credit Counseling)
- Accredited by the HUD (Dept of Housing and Urban Development)
- Approved by The COA (Council on Accreditation)
- Member of the Better Business Bureau
Quite often a CCCS organization will make available:
- Bankruptcy Credit Counseling for Bedford Residents
- Home Counseling
- Credit Score Reviews
- Debt Management Plans
Remember that non profit credit counseling in Bedford, TX, does not always mean zero cost. To discover the closest CCCS office in Bedford, TX, reference the list of Bedford credit counseling firms we provide. If you do not see any, you can check the NCFF agency directory: http://www.nfcc.org/FirstStep/firststep_01.cfm
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Credit and Debt Counseling in Bedford, TX
- Credit Solutions Inc, 2350 Airport Fwy, 76022
- Debt Reduction Group, 1105 Circle Ln, 76022
- Debt Relief Educational Services, 1220 Airport Fwy, 76022
- Fidelity National Credit Services, 112 Bedford Rd, 76022
- Total Credit Services, 4001 Airport Fwy, 76021
- Money Management International, 4001 Airport Fwy, #520, 76021
- Consumer Credit Counseling, 1244 Harwood Rd, 76021
- Debtor’s Anonymous, Debtor S Anonymous, 76021
