At Kentucky Debt Relief, we can help you consolidate your debts into just one payment each month.
When it comes to debt consolidation, you should only write a check for one payment a month. Why not let us find you a legitimate Greenville debt consolidation firm.
Want to pay off your credit card debt more quickly, with less interest and penalties or fees? If so, you should probably sign up for a debt management plan. This DMP offers numerous advantages:
- Single Monthly Payment
- Less Expensive Interest Levels
- Waived Penalty Fees
Also, debt management plans are one of the cheapest ways to consolidate credit and payday loan debt in Greenville, KY.
Debt Consolidation Loans: Greenville, KY
If you decide to obtain a debt consolidation loan in Greenville, KY, you use the money to pay down your active credit lines. You will still have to pay off the borrowed funds, but the interest rate may be better.
Normally, a debt consolidation loan will result in cheaper monthly payments and a fewer number of calls from debt collection agencies. After all, your old debts will be paid back.
To capitalize on a debt consolidation loan, you’ll want to obtain low interest rates, which means you need to have a good credit record. Is a debt consolidation loan best for you?
Payday Loans Consolidation: Greenville (KY)
Debt consolidation for payday loans in Greenville, KY, has become almost as common as debt consolidation for credit card bills. Of the 11,066 people in Greenville, about 575 obtain one or more payday loan annually. Lamentably, around 253 of these applicants wind up defaulting on these cash advance loans. This is almost half!
Fortunately, we can connect you with payday loan consolidation agencies in Greenville, KY, who can consolidate your Greenville payday loans with a smaller monthly payment, field calls from debt collectors, and cut back on the extortionate interest percentage associated with payday loans.
Do you want to read more about payday lending laws and regulations in Kentucky? Check this page cash advance laws in Kentucky.
Greenville, KY Debt Analysis
How much credit debt are you carrying?
In a perfect world, the amount of debt you owe each and every month ought to make up no more than a third of what you make. Such debts include credit card bills, car/student/payday loans, and rent/home loan repayments. Consider what this means for the typical individual in Greenville, KY:
- Income Per Year: $29,651
- Income Per Month: $2,471
- Recommended Debt Load: $890
- Excessive Debt Load: $1,236
Of the 11,066 residents of Greenville, 928 can hardly afford to make the minimum monthly payments. Are you one of them?
Debt Consolidation Scams
Staying clear of unethical debt consolidation companies isn’t hard, if you know the FTC guidelines. Stay clear of any firms that:
- Make you pay for an assessment
- Can’t offer you references
- Aren’t accredited
- Assert that they will not affect your FICO ratings
- Claim govt programs can get you out of debt
- Won’t disclose how long it will take
- Has an unfavorable Better Business Bureau (BBB) review
- Require that you open a savings account at a non-FDIC firm
Please don’t sign up for a program that has a bad track record.
Debt Consolidation Providers in Greenville (KY)
- KY Credit Counseling Service? Contact us!