At Kentucky Debt Relief, we connect people in Salyersville, KY, with debt consolidation advisors whose goal is to:
- Lower their monthly payments
- Bring down or lock up their rate of interest
- Decrease collection agency calls
Consolidation may refer to a couple of completely different strategies of debt relief:
- Debt Management Plans (DMP)
- Debt Consolidation Loans
Allow us to connect you with a good Salyersville, KY debt consolidation company.
Salyersville (KY) Debt Management
In most cases, Salyersville residents choose to combine their unsecured debts into a debt management program. This DMP has several advantages:
- Consolidated Payment Per Month
- Reduced Annual Percentage Rates
- Reduced Late Payment Fees
Additionally, this is one of the most affordable ways to consolidate credit and payday loan debt in Salyersville, KY.
Debt Consolidation Loans in Salyersville, KY
When you decide to obtain a debt consolidation loan in Salyersville, KY, you’ll use the funds to repay your existing credit cards. You still have to repay the amount you borrowed, of course, but the APR will probably be better.
As opposed to mailing checks to a variety of creditors each and every month, you will only have your monthly loan payment. Ideal applicants for credit card debt consolidation loans in Salyersville are homeowners with exceptional credit and significant income, as these are crucial to help you get a loan at a cheap annual percentage rate.
Are you wondering if a debt consolidation loan is right for you?
Salyersville, KY Payday Loans Consolidation
Because of the economic recession, many more Kentucky borrowers are resorting to payday loans. We estimate that 659 residents of Salyersville get cash advances fairly often, and about 290 of these consumers wind up going delinquent on their payday advances. That is nearly half!
Are you delinquent on multiple pay day loans? You’re alright, we work with Salyersville KY payday loan consolidation services that will consolidate your payday loans into just one monthly payment, take phone calls from collection agencies, and help reduce the inflated interest charges you can expect from these types of loans.
Want to know more about payday lending laws and regulations in Kentucky? Check this page payday regulations in KY.
Assessing Your Debt Load: Salyersville, KY
In an ideal world, the amount of debt you owe monthly will take up about one third of your wages. Such debts include credit cards, vehicle/payday loans, and rent or mortgage payments. Why don’t we take a look at how this works for the typical individual in Salyersville, KY:
- Yearly Income: $20,117
- Income Each Month: $1,676
- Optimal Debt Load: $603
- Severe Debt Load: $838
Is your debt load greater than 50%? Then you need to speak to a debt consolidation consultant near you.
Debt Consolidation Providers in Salyersville, KY
- KY Credit Counseling Service? Contact us!