We connect our clients with Greenup debt consolidation specialists who help them:
- Combine their monthly payments
- Minimize their interest
- Minimize creditor calls
You’ll find not one but two distinct kinds of debt consolidation strategies: some with loans, some without. In each case, you need to have a stable source of income.
Let’s get you started with a good Greenup debt consolidation company.
Most commonly, debt consolidation in Greenup, KY, will involve working with a company to manage debt through a specialized program.
This DMP provides lots of advantages:
- Only One Payment
- Less Expensive Annual Percentage Rates
- Fewer Penalties
Additionally, these types of plans are generally rather cheap, just $25-35 each month.
Greenup (KY) Debt Consolidation Loans
As we discussed before, debt consolidation often involves getting a loan to pay back your credit card balances.
Rather than posting checks to a variety of credit card providers on a monthly basis, you will only need to worry about your monthly payment.
A lot of consumers look to pay back what they owe using a home equity loan, seeing as there are tax advantages. Then again, since this sort of loan is backed by your house, the bank or financial institution could end up getting your home if you go into default on your payments. Speak to a debt consolidation consultant to figure out which debt consolidation approach will be right for you.
Payday Loan Consolidation: Greenup, KY
If your payday loan debt has been stacking up, it’s not just you. Of the 10,422 people in Greenup, approximately 542 apply for and are given one or more cash advance a year. Alas, roughly 238 of these debtors end up being delinquent their cash advances, which is nearly half!
Have you found yourself past due on more than one payday loan? You’re alright, there are Greenup KY payday loan consolidation agencies that can consolidate your payday loans into one single monthly installment, field telephone calls from collection agencies, and scale back the inflated interest rates on payday loans.
Time to get out of payday debt?
Greenup, KY Debt Loads
Any Greenup debt consolidation professional you talk with will need to learn how much debt you’ve got that’s non-secured. That means it is not leveraged by any collateral. The most commonly seen sources of debt are:
- Credit Cards
- Cash Advance Loans
- Department Store Cards
- Other Revolving Credit Accounts
Ideally, the amount of debt you owe each month will take up around one third of your earnings. These debts incorporate credit cards, loans, and rent/home loan repayments. If you earn $2,398 monthly, the average for someone who lives in Greenup, then, preferably, you would spend roughly $863 a month. Sadly, many Greenup residents have considerable debt, with a debt to income ratio of 50% or more. That means they are having to spend more than $1,199 a month!
Of the 10,422 residents of Greenup, 874 can hardly afford their minimums each month. Don’t be taken advantage of by exorbitant credit card rates..
Payday Loan and Credit Card Debt Consolidation Companies in Greenup, KY
- KY Credit Counseling Service? Contact us!