Credit Counseling: Columbia (KY)

KY Debt Relief

Credit Counseling Columbia KY If you’re searching for a solid credit counseling company in Columbia you’re not alone. Upwards of 531 Columbia residents are past due on their debt payments.

We match you with debt advisors companies to help you get the help you’re looking for.

Ideal candidates for credit counseling have these characteristics:

  • $10,000 in Non-Secured Debts
  • Steady Income

When it comes to credit counseling, you will pay the full balance owed to your credit card companies, as well as interest, which ends up being significantly better for your credit rating in the end than debt settlement.

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The average income for residents of Columbia is $24,387 each year, or $2,032 a month. You need to contact a credit counselor if you make $2,032 and are forking out $874-$1,016 every month on debts like rent, mortgage, loans, and credit cards.

Do you owe more than $10K in debt or have a DTI of 50% or higher? Then your credit counselor may decide you need to take part in a debt management plan (DMP). Why participate in a debt management program? Well, you may enjoy:

  • Reduced Interest
  • Fewer Debt Collection Calls
  • Single Payment Amount
  • Faster Freedom From Debt

You will no longer need to converse with your creditors. The credit counseling professional will take care of this end of things.

Avoiding Credit Counseling Shams in Columbia (KY)

Credit Counseling Columbia KY

As a program, credit counseling has been recognized by the Federal Trade Commission (FTC) and other governmental authorities, but here’s how to make certain that your Columbia credit counseling company is reputable:

  • Request references
  • Examine their certifications
  • Check that your counselor is licensed

To find out more, check out this FTC report on the topic.

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How Much Could Credit Counseling Save You?

Credit Counseling Columbia KY

With credit counseling, you pay down all of your debt. Fortunately, your creditors may agree to waive extra fees and bring down interest charges if you’re participating in a DMP. Credit counseling helps save money and time. Discover for yourself today.

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Credit Counseling Prices: Columbia, KY

Credit counseling companies are prohibited from charging up-front fees by the FTC. How much will a debt management plan cost? Generally $25-30 a month, together with an initial fee of roughly $90.

How much will your monthly payments be? Usually 2.5% of the amount you owe. You might be interested in a breakdown of how much we’re talking about, based on various degrees of unsecured debt.

  • $15,000 Debt: $315 to $375
  • $20,000 Debt: $420 to $500
  • $25,000 Debt: $525 to $625
  • $65,000 Debt: $1365 to $1625

Non-Profit Credit Counseling Service: Columbia (KY)

The state’s largest not for profit credit counseling group is the NFCC, and their network is recognized as CCCS, or Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Columbia, KY, will generally be a non profit service that is a part of the National Foundation for Credit Counseling. Typically a CCCS organization will supply much more than just credit counseling. They’ll likewise have:

  • Bankruptcy Credit Counseling
  • Housing Assistance
  • Credit Score Reviews
  • Debt Management

Unfortunately, not for profit is not to mean free of cost. Don’t be surprised to spend approximately $35 a month. To find the closest CCCS office in Columbia, KY, please have a look at the list of Columbia credit counseling firms this site offers. If you don’t see any, you can browse the National Foundation for Credit Counseling site.

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Credit Counseling / Debt Management Agencies: Columbia (KY)

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