What if it were possible to become debt-free in 3 to 5 years? First off, let’s discover how much credit counseling could help you save.
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For the most part, individuals in need of Weslaco credit counseling have steady work, unsecured debts in the neighborhood of at least $5,000, and have considered filing bankruptcy.
Please remember that credit counseling implies repaying your creditors in full. Even so, it looks considerably better to prospective creditors than debt settlement programs.
There are 51,320 people living in Weslaco, TX, and around 1,893 are overdue on their monthly payments.
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Lenders want to know how much is coming in versus how much is going out? There are criteria that will show you where you’re at debt wise.
| Wages | DTI | Debt | Seriousness |
|---|---|---|---|
| $1,026 | Less than 36% | $369 or less | Ideal |
| $1,026 | 37%-42% | $380-$431 | Fine |
| $1,026 | 43%-50% | $441-$513 | Reduce Costs |
| $1,026 | 50% Plus | $513 or More | SEVERE! |
Debt Counseling Plans: Weslaco, TX
An essential component of credit counseling is managing debt. A debt management plan is a type of debt consolidation, because the money you owe each month will be merged into one monthly payment, but there is no loan necessary. Your credit counselor will take care of payment to the credit card companies every month. The only thing you’ll have to do is give them just one monthly payment.
Picking a Credit Counseling Service: Weslaco (TX)
As a program, credit counseling and debt management plans have been vetted by the Federal Trade Commission and other state and federal authorities. But professional credit counselors in Weslaco, TX, and throughout the nation typically offer you:
- Accredited Consultants
- Genuine Testimonials
- Non-Profit Status
- Direct Responses to All Inquiries
- Cost-Free Counseling Sessions (DMPs do charge a small fee)
To learn more, read this FTC write-up on the subject. Naturally, we can help you find the most suitable counseling or debt management plan according to your unique situation.
>> Discover Weslaco Credit Counseling Solutions
As everybody knows, personal credit card debt is incredibly hard simply because the high APR’s ensure your debt will keep climbing. Any first-rate credit counselor in Weslaco ought to be able to have a majority of your creditors agree to scale back your interest levels and late fees, saving you serious money over the long haul. One of the debt experts we work with can examine your finances and get you a savings estimate.
Pricing Credit Counseling in Weslaco, TX
The Federal Trade Commission forbids credit counseling companies from billing you prior to consolidating your debt. Debt management plans are very reasonable: $25-$3 on a monthly basis, and the fee is factored into the amount you pay each month.
Under a debt management plan, the money you spend each month paying off your credit balances is commonly comparable to your minimum credit card payment: 2.5%.
Consumer Bankruptcy Counseling in Weslaco (TX)
Have you been entertaining the idea of filing bankruptcy? You are not alone. Of the 51,320 residents of Weslaco, around 106 have filed for bankruptcy. Since 2005, anyone in Weslaco who wants to file for bankruptcy must first receive a document demonstrating that they went through a credit counseling program in Weslaco, TX.
You can do the process:
- Face To Face
- By Telephone
- Online
The meeting generally takes an hour and a half, and may cost up to $50, but the cost must be waived if you can’t pay.
For an approved list of approved Texas credit counseling programs, please click here, and you can talk with a qualified credit expert by filling out this form.
Debt Management and Credit Counseling Agencies: Weslaco (TX)
- Tex Star Credit Solutions, 810 S Texas Blvd, 78596
