Do you need help with your debt? In that case, we can help you find debt consolidation programs in Irvine, KY, that will help you consolidate your credit card and/or payday loan debts.
To talk to a debt consolidation consultant, simply complete this simple form. Start getting out of debt in minutes.
Irvine (KY) Debt Management Plans
Want to get rid of debt in less time, with reduced interest rates and penalty fees? Then you may want to enroll in a debt management plan. These programs, ordinarily provided by one of the credit counseling agencies in Irvine, KY, enable you to pay back your credit card companies entirely through just one monthly payment. The advantages are major: reduced rates of interest, monthly payments, and fees. Normally your card issuers or lenders start supplying these benefits after you make three straight payments.
In addition, these types of programs are typically rather affordable.
Irvine, KY Debt Consolidation Loans
There are two main kinds of debt consolidation loans: unsecured loans and loans secured by a home or other property. The second option is most prevalent.
The many payments you were having to make to various credit card companies will be replaced by one single monthly payment, your Irvine debt consolidation loan payment.
When you’ve got a bad credit score, securing a debt consolidation loan in Irvine will be a challenge.
Have you been wondering if a debt consolidation loan is a good idea?
Consolidating Payday Loans: Irvine (KY)
The exorbitant interest levels charged for payday loans in Irvine, KY, mean that payday debt mounts at a shocking rate. We estimate that 799 residents of Irvine get payday cash advances on a regular basis, and nearly 607 of these consumers wind up getting more than one of these high-interest loans. That’s shocking. It’s over 75%!
Are you currently delinquent on multiple payday loans? You’re okay, there are Irvine KY payday loan consolidation services who will consolidate your payday loans into just one payment per month, field phone calls from collectors, and minimize the inflated interest levels affiliated with payday loans.
Time to consolidate your payday loans?
When to Consolidate Your Debt
If you want to combine your debt, you need to know the relation of debt to income.
If at all possible, no more than 36% of your income will be devoted to paying back what you owe. Such debts incorporate credit cards, automobile/student/payday loans, and rent or home loan payments. Let’s say you earn $2,086 per month, which is the average in Irvine, then, ideally, you would spend less than $751 per month. Sadly, many Irvine residents have substantial debt, with debt-to-income ratios of 50% or more. That means they are forking out more than $1,043 a month!
If your ratio of debt to income is more than 50%, it is high time to speak to a debt consolidation specialist in your area.
Debt Consolidation Fraud
As per FTC standards, any Irvine debt consolidation organization must:
- Explain their pricing scheme.
- Let you know how many weeks their program takes.
- Inform you of how much you will need to have saved before they’ll reach out to each and every lender.
- Fully describe how debt consolidation could affect your credit score.
Please don’t be part of a debt consolidation program in Irvine that’s got a negative name.
Debt Consolidation Agencies in Irvine (KY)
- KY Credit Counseling Service? Contact us!