We match consumers with Paducah debt consolidation pros who help them:
- Combine their payment amounts
- Bring down their interest rate
- Lower creditor calls
Debt consolidation can be used to describe two entirely different debt relief approaches: debt consolidation loans and debt management plans.
A trained debt consolidation specialist can determine which choice is best for you.
There are around 4,861 people in Paducah in need of debt consolidation of some type, and most of them would benefit from a debt management plan more than anything else. Debt management plans, normally associated with one of the credit counseling agencies in Paducah, KY, let you repay all the money you owe in 36-60 months through one easy payment amount, along with lower interest rates, installment payments, and penalty fees. Most of the time your card issuers or lenders begin presenting these perks following you send them three straight payments. What’s more, these kinds of programs are normally quite very affordable.
Paducah (KY) Debt Consolidation Loans
As we discussed before, debt consolidation may involve obtaining a loan which is used to repay your credit card balances with a more desirable interest rate.
The multitude of payments you were making to different credit card companies will be combined into one single monthly payment – your Paducah debt consolidation loan payment.
If you want to benefit from a debt consolidation loan, you need to get highly affordable rates, which takes good credit. Are you wondering if a debt consolidation loan is a good idea?
Consolidating Payday Loans: Paducah, KY
As a consequence of the economic recession, more and more Americans have been turning to payday loans. It’s estimated that 3,015 people in Paducah get payday advances regularly, and something like 2,292 of these people have multiple payday loans. That’s shocking, isn’t it? It’s around 75%!
Are you past due on a number of payday loans? No problem, we work with Paducah KY payday loan consolidation agencies that can assist you to:
- Minimize ridiculous cash advance rates of interest.
- Decrease payday lender calls.
- Consolidate various payday cash loans.
- Establish a plan for repayment.
Hoping to consolidate your payday loans?
How much credit debt are you carrying? If at all possible, approximately 30% of your income will be allotted to paying down what you owe. These debts encompass credit card bills, loans, and rent or home loan payments. Let’s suppose you make $1,863 monthly, which is the average for someone who lives in Paducah, then, in a perfect world, you would spend no more than $689 a month. Unfortunately, many Paducah residents are carrying substantial debt, defined by a debt to income ratio of more than 50%. They’re shelling out more than $932 each month!
Does it feel as if you’re all alone, struggling with debt? You’re not. Truth be told, we have calculated that 4,861 of Paducah’s 57,988 residents could use debt relief.
Payday Loan and Credit Card Debt Consolidation Agencies: Paducah (KY)
- Clearpoint Point Financial Soultions, 100 Fountain Ave, 42001
- Credit Bureau Systems Inc – Reporting Division, 100 Fulton Ct, 42001
- Clearpoint Credit Counseling, 118 Bleich Rd, 42003