Let’s suppose it were possible to greatly reduce your credit card rates and calls from collectors.
We match you with top-rated debt management and credit counseling agencies to help you get the debt relief you need.
Generally, debt management and credit counseling agencies are effectively rewarded by whomever you owe money to. For that reason, the cost is usually very cost-effective, even cost-free in some areas.
There are 28,049 people residing in Dayton, TX, and we have calculated that 1,034 may need credit counseling.
>> Get a No Obligation Credit Counseling Assessment!
Managing Debt in Dayton (TX)
How much is your debt as a whole? For those who are having to pay more than 50% of what you make monthly on rent/mortgage, loans, and credit cards, you might want to seek the services of a credit counselor in Dayton now.
An integral aspect of credit counseling is debt management. A debt management plan is a way of consolidating debt, as the money you owe every month is combined into a single sum, but no loan is necessary.
You don’t have to converse with your creditors, since your credit counselor will manage this aspect.
Generally consumer credit counseling organizations hope to have debt free 3 to 5 years. While this shouldn’t make your credit score decrease, it might be difficult to take on new personal lines of credit. Then again, if you were to settle your credit balances at a smaller amount through Dayton TX debt negotations, you would have to expect your credit scores to be significantly impacted.
Tips on Avoiding Credit Counseling Scams in Dayton, TX
All in all, credit counseling has been vetted by the Federal Trade Commission and other state and federal authorities. However, avoid any credit counseling sites that say that they can:
- Halt all calls from collection agencies
- Ensure the removing of unsecured debts
- Bill you ahead of time for their solutions
Just remember that being a non-profit doesn’t guarantee that a credit counseling agency is bonafide, and being for profit doesn’t signify they’re not to be trusted.
Please don’t work with a credit counselor that you can’t put your trust in. Why don’t we assist you in finding an experienced Dayton credit counseling agency.
Credit counseling helps people to reduce costs because creditors who participate drop monthly payments, APR’s, and late payment fees. Credit counseling will save you time and cash. Find out more today.
The counseling portion of credit counseling should be cost-free.
How much will a debt management program cost? Usually $25-30 monthly, along with an initial fee of less than $100. If you can afford to repay 2.5% of what you owe every 4 weeks, you could be debt free in approximately 3.5 years, but only if your credit consultant is able to lock up your interest rate. If he can’t, it’s going to require considerably longer. The following is a summary of how much this is, given differing stages of credit card debt.
| Debt | 2.1% | 2.5% |
|---|---|---|
| $5000 | $105 | $125 |
| $10,000 | $210 | $250 |
| $15,000 | $315 | $375 |
| $20,000 | $420 | $500 |
| $45,000 | $945 | $1125 |
| $50,000 | $1050 | $1250 |
| $55,000 | $1155 | $1375 |
| $60,000 | $1260 | $1500 |
| $70,000 | $1470 | $1750 |
| $75,000 | $1575 | $1875 |
Non-Profit Credit Counseling Services in Dayton (TX)
Texas’s biggest non profit credit counseling service is the NFCC, and their network is often known as the CCCS, or Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Dayton, TX, will usually be:
- Not For Profit
- Member of the NFCC (National Foundation for Credit Counseling)
- Qualified by the Department of Housing and Urban Development (HUD)
- BBB Member
Quite often a CCCS firm will offer:
- Post/Pre Bankruptcy Counseling
- Housing Counseling
- Financial Education Classes
To discover the CCCS office closest to Dayton, TX, have a look at the list of firms we provide or search the NCFF locator service by clicking here
Credit Counseling / Debt Counseling in Dayton, TX
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