At Kentucky Debt Relief, we can help you consolidate your debts into one easy payment amount.
The word debt consolidation may be used to describe two different forms of consolidating debt: debt management plans and debt consolidation loans.
Please don’t wait. Find out how much a debt consolidation service in Utica, KY, can save you.
Utica (KY) Debt Management Plans
Would you like to get out of debt more quickly, with more affordable interest rates and penalty fees? If so, you should probably sign up for a debt management plan. A DMP offers lots of benefits:
- Consolidated Payment Per Month
- Less Expensive Interest Rates
- Reduced Late Fees
Also, these kinds of plans are generally pretty cost-effective.
Debt Consolidation Loans in Utica (KY)
When you have favorable credit, you should be able to obtain a debt consolidation loan to repay what you owe.
If you get a debt consolidation loan in Utica, KY, you can expect cheaper monthly bills and a lot fewer calls from debt collection agencies. Just think, your past debts will be paid in full.
Keep in mind, you are simply replacing one form of debt with another. Have you been wondering if a debt consolidation loan is a good idea?
Consolidating Payday Loans: Utica (KY)
The outrageous interest levels charged for payday loans in Utica, KY, mean that payday debt mounts at a stunning rate. There are 6,028 residents of Utica, and it’s estimated that 313 apply for and obtain one or more payday advance a year. Unfortunately, something like 138 of these applicants cannot pay off these cash advances, which is almost half!
Have you found yourself overdue on at least two of these loans? That’s okay, there are payday loan consolidation companies in Utica, KY, who can assist you to consolidate your payday loans into just one monthly payment, handle telephone calls from lenders, and limit the outrageous interest rates you can expect from payday loans.
Want to learn more about payday loan regulations in Kentucky? Hop on over to payday regulations in KY.
If at all possible, not more than 33% of your income will be devoted to paying off what you owe. Such debts include things like credit cards, vehicle/student/payday loans, and rent/mortgage payments. Let’s take a look at how this works for a typical resident of Utica, KY:
- Income Per Year: $42,203
- Income Each Month: $3,517
- Optimal Debt Load: $1,266
- Serious Debt Load: $1,759
Of the 4,593 credit card holders in Utica, 505 can only afford to make their minimums month after month. You don’t have to be one..
Debt Consolidation Ripoffs in Utica (KY)
How can you see if a debt consolidation business in Utica, KY, is legitimate or not? Be wary if they charge up-front dues, refuse to disclose key details or savings required for consolidation, or ask you to open a bank account from which you won’t be able to withdraw money without being charged.
Never sign up for a debt consolidation program in Utica that’s got a bad track record, and for more info, review the following FTC policies.
Debt Consolidation Agencies in Utica (KY)
- KY Credit Counseling Service? Contact us!