One of the hardest concerns for Waxahachie residents is debt.
We connect you with credit counselors and debt management agencies in Waxahachie to get you the help you’re looking for.
Credit repair is is supposed to swiftly increase your credit score, while credit counseling focuses on managing debt and consumer education.
>> Get a Free Cost Credit Counseling Quote – Right Now!
Do I Need Debt Counseling in Waxahachie, TX?
Your debt to income ratio helps to confirm if you’re in need of credit counseling.
| Income | DTI | Debt | Level |
|---|---|---|---|
| $3,018 | Less than 36% | $1,086 or less | No Problems |
| $3,018 | 37%-42% | $1,117-$1,268 | OK |
| $3,018 | 43%-50% | $1,298-$1,509 | Too High |
| $3,018 | 50% Plus | $1,539 or More | Contact a Professional! |
Waxahachie, TX Debt Management
Debt management plans, often called DMPs, are virtually synonymous with credit counseling. A debt management plan is a means of consolidating debt, given that your payments to creditors will be combined into a single amount. However, there is no loan involved. You will no longer have to talk with your creditors, as your credit counseling expert will handle this.
Tips on Avoiding Credit Counseling Ripoffs in Waxahachie (TX)
As a whole, credit counseling and debt management plans have been checked out by the FTC and other state and federal authorities, but trustworthy credit counselors will usually present you with:
- Approximately 1 Hour of Basic Counseling Sessions
- Zero Initial Costs
- A Personalized List of Action Items
- Accreditation Credentials
For more information, read this FTC guide on the subject.
Some folks wrongly assume that credit counseling is useless simply because it cannot decrease your overall debt, but they don’t realize that a DMP should help reduce your interest rates – a good way to reduce costs. Curious to determine how much credit counseling in Waxahachie, TX, will save you?
Debt Management and Credit Counseling: Waxahachie, TX
- PWS Credit Repair, 2974 FM-1446, 75167
