Is debt making you totally stressed? Then we can help. We help our clients find the best remedies for poor credit scores, substantial debt, and exorbitant interest levels.
Originally, credit counseling was established to help credit card companies collect funds from consumers who were falling behind on their repayments. This means many credit counseling agencies are easy on the budget.
Lenders want to know how much you make, how much you owe? This is the most important thing. There are criteria that will let you know what sort of financial situation you’ve gotten yourself into. Why don’t we consider several numbers based on earnings of $54,055 a year. That’s the average in Montgomery.
- $1,622 (36%): Great
- $1,667 to $1,892 (37-42%): Okay
- $1,937 to $2,253 (43-50%): Problematic
- $2,253 or more (50%): Excessive
Debt Management in Montgomery (TX)
A vital part of credit counseling is debt management. Why sign up for a debt management program? Because you might enjoy:
- Lower APR Rates
- Decreased Debt Collection Phone Calls
- Single Monthly Repayment
- Faster Freedom From Debt
Each and every month, all you have to is mail a pre-specified sum to your Montgomery credit counseling service, and they’ll allot the funds among your creditors.
Selecting a Credit Counseling Firm: Montgomery, TX
As an industry, credit counseling and debt management plans have been checked out by the Federal Trade Commission (FTC) and other state and federal bodies. But beware of any credit counselors that claim they’re able to:
- Put an end to all debt collector calls
- Clean damaging things from your credit history
- Negotiate collateralized debts
- Prevent creditors from taking legal action against you
- Impose a fee upfront for their solutions
To read more, look at this FTC report on the topic.
How Much Will Credit Counseling Save You?
As you know, consumer credit card debt is very tricky simply because the excessive interest levels cause your debt to keep going up. Any good credit counseling company in Montgomery should be able to get your creditors to decrease your rates and late fees, helping you save a lot of cash long term.
A short assessment of your financial situation is needed to supply a definitive savings quote.
Bankruptcy and Credit Counseling in Montgomery, TX
Bankruptcy is becoming rampant in the state of Texas. There are 23,520 consumers living in Montgomery, TX, and we estimate that 48 have been forced resort to bankruptcy.
As dictated by law, you must go through a credit counseling course before you’ll be able to file for bankruptcy. This program has to be within 180 days of when your filing date. Programs can be held in person, by telephone, or over the internet, as long as you acquire the right certificate
Remember that taking part in a credit counseling program after bankruptcy will be mandatory.
Non-Profit Credit Counseling Services in Montgomery, TX
The NFCC (National Credit Counseling Foundation) is the largest network of consumer credit counseling services in Texas. Partners are generally known as CCCS, or Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Montgomery, TX, will generally be:
- Non Profit
- NFCC Affiliate
- Accredited by The COA
- Have the term CCCS in their Name
Generally a CCCS organization will provide more than mere credit counseling. They’ll likewise have:
- Post/Pre Bankruptcy Counseling for Montgomery Residents
- Housing Counseling
- Money Management Courses
Remember, nonprofit doesn’t translate to zero cost.
To discover the CCCS location that’s nearest to Montgomery, TX, have a look at the list of firms on our site or use the NCFF’s member directory: http://www.nfcc.org/FirstStep/firststep_01.cfm
Credit and Debt Counseling: Montgomery (TX)
- Personal Finance Management, 14887 Highway 105 W, #108, 77356