Debt settlement firms in Houston, TX, should be able to reduce your debts down 20-60% from their original value. At TX Debt Consolidation, we can help you find a debt settlement firm – now – who works with Houston residents.
Locating a Debt Settlement Agency: Houston, TX
For legal reasons, Houston debt settlement solutions must give you certain information prior to signing up. They stipulate their costs, their starting dates, and the risks you face.
Always make sure that your Houston debt settlement specialist is legitimate by verifying the following:
- How long have they been operational?
- How much debt have they settled?
- How much are their fees?
- What is their BBB record?
- How successful have they been?
- Are they registered to negotiate debts in the state of Texas?
Houston (TX) Debt Settlement Considerations
Debt settlement gives you some substantial benefits:
- Huge Reduction in Debt
- Large Interest Savings
- Short 2-3 Year Timeline
- Variable Settlement Structure
- Alternative to Declaring Bankruptcy
However, it’s an intense series of negotiations that requires a good amount of risk.
Of the 2,571,090 residents of Houston, we estimate that 254,692 have $10,000 or more in debt. Are you one of them?
This solution is not without its downsides. To begin with, your credit card companies don’t have to accept the settlement. Furthermore, debt settlement will be worse for your credit score over the long haul than other options such as Houston credit counseling, since your creditors won’t be fully paid off. In addition, your collection calls might not grow less frequent appreciably, as they would with some other debt relief solutions. The first settlement probably won’t be agreed upon for six months. While your Houston, TX debt settlement firm is negotiating on your behalf, your debts will keep growing.
You’ll want to know that banking institutions are able to file a suit against you in order to go after an upaid debt. There is more probability of litigation. Why is that? Because you quit repaying them.
In Texas, credit card companies have 4 years to file a suit for credit card debt.
For you to be eligible for a a credit card debt settlement program in Houston, TX, you usually have to have:
- $10,000 in Debt
- $300 a Month For Payments
If you fall into this category, you are not alone – 254,692 Houston residents owe at least $10,000 of credit card debt.
What’s Your Debt to Income Ratio?
Your credit specialists will be interested in your debt to income ratio.
Simply put, if you’re investing over half of your pay in credit cards, home loan, and/or car loans, you must speak to a debt relief expert. Seeing as the average income in Houston is $1,888 a month, we’re talking about $944. You should really try and have a ratio of roughly 36% ($680 in Houston).
Settling your debts and consolidating them are two separate approaches.
Whereas debt settlement results in reduced debt, consolidation does not.
With debt management, consolidation, and counseling, your payment amount is combined. However, keep paying back the credit card companies until your debts are paid off. It is obvious that this is is more favorable for your credit ratings, but the only debt savings result from lowered rates of interest and late fees.
For additional details, go there: credit counseling in Houston, TX.
No debt relief specialists in Houston should make you pay upfront. Any legitimate debt settlement agency in Houston, TX, will only charge a fee when a credit card is paid back. Most debt relief options normally call for flat monthly payments.
For the most part, settlement agencies will charge you approximately 14-18 percent of the amount you owe – that’s a lot! This service charge will most likely be paid over 12-24 months.
Houston, TX Debt Settlement Businesses
- Money Management By Mail, 4600 Gulf Freeway Frontage Rd #500, 77023
- Aaa Credit Services, 17041 El Camino Real, 77058
- Center For Financial Healing, 5410 W Bellfort St, 77035
- Consumer Credit Counseling Services, 11550 Fuqua St, #350, 77034
- Consumer Credit Counseling Services, 12605 East Fwy, #500, 77015
- Consumer Credit Counseling Services, 12605 E Freeway Service Rd #500, 77015
- Credit Debt & Identity Theft Resolutn Center of Amrca, 10235 W Little York Rd, 77040
- Credit Repair, 1214 Blue Bell Rd, 77038
- Credit Restoration Clinic Company, 11500 Northwest Fwy, 77092
- Serenity Credit Services, 525 N Sam Houston Pky E, 77060
- Consumer Credit Consultants, 9777 Harwin Dr, #320, 77036
- Credit Rewind, 7457 Harwin Dr, #301, 77036
- Dignity Credit Services, 9894 Bissonnet St, 77036
- National Settlements Inc, 3100 S Gessner Rd, 77063
- Freedom Debt Relief, 8989 Westheimer Rd, 77063
- CCCS (A Division of MMI), 1716 Mangum Rd, 77092
- Cashman, Robert Z Attorney – Cashman Law Firm, PLLC, , 77055
- Repair Credit Report, 1323 Aldine Mail Rd, 77039
- RW Mortgage Services, , 77044
- Waldron & Schneider, LLP Attorneys at Law, 15150 Middlebrook Dr, 77058
- Law Offices of Corey L Mills, 952 Echo Ln, #380, 77024
- Law Offices of JR Cantu, 10777 Westheimer Rd, #1100, 77042
- Fealy Law Firm, 1225 N Loop W Fwy #1020, 77022
- Law Office of Kristin M Guiney, PLLC, 1214 Heights Blvd, 77008
- Burger Law Firm, 4151 Southwest Fwy, 77027
- Pope, James Q Attorney – the Pope Law Firm, 4801 Woodway Dr, #300, 77056
- LLS Bankruptcy Attorneys Houston, , 77079
- Stewart, Pamela Attorney – Pamela L Stewart, Esq, 4635 Southwest Fwy, #610, 77027
- Debt Consolidation Gteed 50% Off Your Debt!, 834 Park Trail Vis, 77019
- Karni, Dana Attorney – Karni Law Firm, PC, 4635 Southwest Fwy, 77027
- National Credit Organization, 10101 Southwest Fwy, #400, 77074
- Title Loan, 5506 Bellaire Blvd, 77081
- RMI Consulting LLC, 1400 Broadfield Blvd, #200, 77084
- Consumer Credit Counseling, , 77079
- Credit Results USA, 6666 Harwin Dr, #300, 77036
- Credit Strategies LLC, 14780 Memorial Dr, #202, 77079
- Debt Consolidation-Consumer Credit Counseling Houston, 8271 Norfolk St, 77027
- Houston Pawn and Jewelry, 6909 Hillcroft Ave, 77081
- Carmela’s Credit Repair, , 77079
- Money Management International, 7915 Fm 1960 Rd W, #130, 77070
- Cicreditrepair, 15211 Park Row, 77084
- Money Management International, 9009 W Loop S Fwy, 77096
- Credit Repair Express, 2401 Westridge St, 77054
- Nolton Jolivette, , 77079
- UNITED CREDIT REPAIR, 8707 Richmond Ave, 77063
- SAVOYBLANC LLC, 5100 Westheimer Rd, #585, 77056
- Money Management International, 4600 Highway 6 N, #250, 77084
- FINANCIAL SOLUTIONS CREDIT REPAIR, 723 Main St, 77002
- Houston Cash Advance Payday Loans, 1302 Waugh Dr, 77019
- Financial Destination Inc Free Credit Repair, , 77079
- Houston Credit Repair, 7941 Katy Fwy, #401b, 77024
- Consumer Credit Counseling, , 77079
- Credit-Today.com, 7941 Katy Fwy, #401, 77024
- Speedy Cash, 8569 Long Point Rd, 77055
- Consumer Credit Counseling, , 77079
- Q Mart, 2243 Texas Ave, #6, 77003
- Money Management International, 1 Greenway Plz, #130, 77046
- The Mortgage Doctors, 11201 Shannon Hills Dr, 77099
- Consumer Credit Counseling, , 77079
- Non Profit Debt Consolidation Service, 1200 Smith St, #1600, 77002
- Prestige Merchant Services, 10101 Fondren Rd, 77096
- Vasquez, Jay Manager – Sherlock Consulting, , 77079
- Credit Repair, 14207 State Highway 249, 77086
- Miller, Edward CEO – Debt Consolidation Houston, 1111 Louisiana St, 77002
- Consumer Credit Counseling, , 77079
- Consumer Credit Counseling, , 77079
- AAA Credit Screening Service, 17041 El Camino Real, #102, 77058
- New Clarity Credit Repair, 12406 Silversmine Dr, 77014
- Csc Credit Svc Incorporated, 652 N Sam Houston Pky E, 77060
- Money Management International, East Fwy, 77520
- Sbs Credit Services, 8011 Rock Rose St, 77051
- Money Management International, 9009 West Loop S, 77096
