Credit Counseling: Crestwood (KY)

KY Debt Relief

Credit Counseling Crestwood KY Then we can help. We help our clients find the Crestwood KY credit counseling and debt management options that suit them best.

>> Locate Credit Counseling Solutions in Crestwood Today!

Having your credit repaired is a quick way to elevate your credit scores, while credit counseling focuses on relief from debt and developing better fiscal habits.

>> Get a No Obligation Credit Counseling Quote!

Your ratio of debt to income, often known as DTI, helps to gauge whether or not your finances warrant credit counseling.

Income DTI Debt Severity?
$5,483 36% $1,974 Fantastic
$5,483 43% $2,358 OK
$5,483 50% $2,742 High Alert

Debt Management Programs: Crestwood (KY)

Let’s say you’re spending $2,742 on a monthly basis and your income is only $5,483. If that’s the case, your credit counseling professional may want you to sign up for a debt management plan or DMP. With a DMP, your Crestwood KY credit counselor may able to secure decreased rates of interest and fees and penalties from your credit card companies. Under a debt management plan in Crestwood, your credit counseling firm will manage payment to your creditors every month. The only thing you have to do is hand them just one payment per month.

Defending Yourself Against Credit Counseling Shams: Crestwood (KY)

Credit Counseling Crestwood KY

So long as you are dealing with a good company, credit counseling can be truly beneficial. Actually, the FTC now requires it for individuals filing bankruptcy. However, beware of any credit counselors that claim they can:

  • Put an end to all collections calls
  • Guarantee the removal of credit card debt
  • Bill you upfront for their assistance

To read more, look at this FTC write-up on the topic. Needless to say, we can help you find the appropriate counseling or debt relief solution based upon your unique situation.

Credit counseling does not decrease the original debt. However, it does lead to lower monthly payments by way of cheaper interest and fees. Credit counseling helps save time and cash. Discover more today.

>> Get a Free Savings Estimate

Credit Counseling Costs: Crestwood, KY

Credit Counseling Crestwood KY

Debt management plans are very reasonable. They normally cost $25-3 on a monthly basis, and the fee is included in your monthly payment.

As far as the actual debt payments, you’ll usually be required to make a payment of 2.1-2.5% every month to your credit counseling agency.

Let’s look at a breakdown of how much we’re talking about, given varying degrees of unsecured debt.

Debt 2.1% 2.5%
$15,000 $315 $375
$20,000 $420 $500
$35,000 $735 $875
$45,000 $945 $1125
$55,000 $1155 $1375
$60,000 $1260 $1500
$70,000 $1470 $1750
$80,000 $1680 $2000
$90,000 $1890 $2250
$100,000 $2100 $2500

Credit Counseling / Debt Counseling Agencies in Crestwood (KY)

  • KY Credit Counseling Service? Contact us!