Increasingly, Ashland residents have been looking to us to help them find reputable debt relief and credit counseling services in Ashland, KY.
We have partnered with top-rated credit counselors and debt management companies to get you the debt relief you need.
Ashland credit counseling programs help people in debt develop a comprehensive program for repaying debt and boosting credit ratings.
We have to assume that 1,506 of the 40,827 people who reside in Ashland can’t afford to make their credit card payments on a monthly basis.
Your ratio of debt to income helps to evaluate whether you’re in need of credit counseling. Listed below are some estimates based around an income of $1,378 per month. That’s the average in Ashland.
- $496 (36%): Best
- $510 to $579 (37-42%): Decent
- $593 to $689 (43-50%): Cause for Concern
- $689 or higher (50%): Extreme
Ashland, KY Debt Management Plans
Imagine if you’re having to pay $689 monthly and your income is only $1,378. If that’s the case, your credit counseling expert might advise you to take part in a debt management program. With a DMP, your Ashland KY credit counseling agency may able to obtain decreased rates of interest and better terms from your credit card companies.
Your credit counselor will deal with your creditors personally.
Remember that credit counselors can help you pay back your debts quicker and with a discounted APR. However, you will still be paying down your full debt. Credit card debt negotiation may enable you to reimburse just 40-60% of your balance; however, it can wreck your credit ratings.
Settling on a Credit Counseling Company: Ashland, KY
If you are dealing with a good firm, credit counseling can be very effective. Indeed, the Federal Trade Commission now demands it for individuals who want to file bankruptcy. But professional credit counselors typically feature:
- Professional Advisors
- Authentic References
- Non-Profit Standing
- Straight Answers to Your Questions
- Free Counseling
Don’t forget, being a non-profit isn’t going to always mean that a credit counseling program is honest, and being for-profit does not necessarily mean they’re unethical.
If your credit card issuers accept your Ashland credit counseling program’s debt management plan, you’ll get to enjoy lowered rates and penalties.
Credit counseling will save you money and time. Learn more today.
Post-Bankruptcy and Credit Counseling: Ashland (KY)
More and more Ashland residents have been thinking about bankruptcy. It’s estimated that 203 of Ashland’s 40,827 consumers have gone into bankruptcy.
As dictated by the FTC, you must go through a credit counseling program before you’ll be able to file for bankruptcy. This program must be within 6 months of when your filing date. You do not have to work with your local Ashland credit counselor for this. Programs are available on the web and by telephone, not just in person.
More often than not, you will need to enroll in a credit counseling program after bankruptcy to boot. To find approved Kentucky credit counseling programs, please click here. Or alternatively, you can speak with a qualified credit professional by submitting this form.
Debt Management and Credit Counseling Agencies in Ashland (KY)
- Consumer Credit Counseling & Debt Management Services, 2100 Winchester Ave, 41101