How great would it be if it were possible to cut back on your apr’s and eliminate calls from collectors? Credit counseling is a reasonable means of lowering your debt payments without absolutely killing your credit.
Credit counseling was initially intended for credit card issuers to recoup debts from consumers who were falling behind on their repayment demands before resorting to collectors. This means that a lot of credit counseling programs are easy on the pocketbook. We have to assume that 28,111 of the 762,201 consumers who reside in Fort Worth are not able to afford to make their credit card payments on a monthly basis.
>> Get a Free Debt Consultation – Now!
Lenders want to know how much you earn compared to how much you owe. There are standards that will show you what kind of financial situation you’re in.
| Salary | DTI | Debt | Seriousness |
|---|---|---|---|
| $1,939 | 36% | $698 | Great |
| $1,939 | 43% | $834 | OK |
| $1,939 | 50% | $970 | Assistance Needed! |
Credit Counseling Plans in Fort Worth (TX)
Debt management programs, also referred to as DMPs, are often affiliated with with credit counseling. A debt management plan is a form of debt consolidation, given that your payments to creditors is condensed into just one payment. However, there is no loan required.
Every month, all you’ll have to is give a set amount to your Fort Worth credit counselor. They will send the appropriate amounts to each of your creditors.
Choosing a Credit Counseling Agency: Fort Worth, TX
All in all, credit counseling and debt management plans have been recognized by the FTC and other government authorities. But steer clear of any credit counseling sites that claim that they can:
- Stop all calls from collection agencies
- Erase debt by means of some federal program
- Stop creditors from taking legal action against you
- Charge you up-front for their assistance
Keep in mind, being a non profit doesn’t guarantee that a credit counseling firm is reputable, and being for profit does not always mean they are not to be trusted.
As everybody knows, unsecured credit card debt can be so rough since the high rates cause your debt to keep mounting. Any first-rate credit counseling agency in Fort Worth should be able to get at least a few of your credit card companies to agree to slash your interest levels and late payment fees, saving you a ton of money in the long term. Curious to find out how fast credit counseling could free you from debt?
>> Get Your Free Savings Estimate
The counseling portion of credit counseling should be complimentary. Debt management plans are very reasonable. They will run you less than $40 monthly, and the fee is rolled into your monthly payment.
If you can afford to pay back $2.50 of every $100 you owe every 4 weeks, you could be debt free in approximately 40 months, but only if your credit counseling consultant is able to freeze your APR. If he can’t, it’ll require appreciably longer.
The following is a top level view of how much this is, given different stages of financial debt.
| Debt | 2.1% | 2.5% |
|---|---|---|
| $5000 | $105 | $125 |
| $10,000 | $210 | $250 |
| $15,000 | $315 | $375 |
| $25,000 | $525 | $625 |
| $40,000 | $840 | $1000 |
| $55,000 | $1155 | $1375 |
| $60,000 | $1260 | $1500 |
| $65,000 | $1365 | $1625 |
| $70,000 | $1470 | $1750 |
| $75,000 | $1575 | $1875 |
| $85,000 | $1785 | $2125 |
Credit Counseling / Debt Management in Fort Worth, TX
- Higgins & Allmand P C, 4100 International Plz, #522, 76109
- Christian Debt Solutions, 5750 Stratum Dr, 76137
- Debt Free Army, Po Box 900000, 76161
- Maverick Financial Solutions, 5280 Trail Lake Dr, 76133
- Americredit, 801 Cherry St, #3900, 76102
- CCCS, Greater Fort Worth Metroplex, 1101 E 1st St, 76102
- North Texas Merchant Services, 6717 Summers Dr E, 76137
- Csii, 1277 Country Club Ln, 76112
- Impressive Property Services, 3863 S Freeway, 76110
- Kohm, David S – David S Kohm & Association, 6777 Camp Bowie Blvd-300, 76116
- Davis, Craig D – Davis & Roberts PC, 1009 Florence St, 76102
- COVERT & COVERT, LLC, 5601 Bridge St, #300, 76112
- Hooten, Gary – Double G Credit Repair, 4750 Bryant Irvin Rd, 76132
- Leinart Law Firm, 5601 Bridge St, #400, 76112
- West, Patrick D Attorney – Patrick West Law Firm PC, 4220 W Vickery Blvd, #100, 76107
- Consumer Credit Counseling Service, 10 Mile Bridge Rd, 76020
- Money Management International, 2100 N Main St, #224, 76164
- Consumer Credit Counseling Service, 3605 Roberts Cut Off Rd, 76114
- Fast Credit Repair, 2901 Alta Mere Dr, 76116
- Money Management International, 2401 Chestnut Ave, 76164
- Fort Worth Credit Repair, 1600 Arizona Ave, 76104
- Consumer Credit Counseling Service, 6737 Brentwood Stair Rd, 76112
- Consumer Credit Counseling, , 76021
- Money Management International, 2801 Miller Ave, 76105
- Consumer Credit Counseling, , 76021
- Auto-Matic-Savings, , 76021
- Law Office of Clifford M Womack, 2701 W Berry St, Ste 112, 76109
- Money Management International, 1320 S University Dr, #200, 76107
