Credit Counseling: Dayton (KY)

KY Debt Relief

Credit Counseling Dayton KY More and more Dayton consumers are enlisting assistance from credit counseling services in Dayton to help them get out of debt.

We connect you with credit counselors and debt management agencies in Dayton to help you get the help you’re looking for.

Credit counseling was first implemented for credit card providers to get money from consumers who were not current on their repayments. As a result, almost all credit counseling programs are very affordable.

We estimate that 447 of the 12,114 men and women who reside in Dayton are in need of credit counseling.

>> Get a Free Credit Counseling Estimate – Now!

The average salary for residents of Dayton is $33,572 annually, or $2,798 each month. You need to speak with a credit counselor if you earn $2,798 and find you are forking out $1,203-$1,399 every month on debts that are secured or unsecured, for example rent, mortgage, loans, and credit cards.

Do you owe at least $10K in credit card debt or have a debt-to-income ratio of 50% or higher? You might need to enroll in a DMP, or debt management program. By enrolling in a DMP, you might benefit from:

  • Decreased Interest
  • Decreased Debt Collector Calls
  • Single Monthly Payment
  • Faster Way out of Debt

Your credit counseling service will carry out payment to the credit card companies every month. Pretty much all you’ll need to do is give them the prearranged payment amount.

Settling on a Credit Counseling Firm: Dayton, KY

If you find a good company, credit counseling can help. Actually, the FTC now requires it for people who want to file bankruptcy not just in Kentucky, but nationwide. However, respected credit counselors will typically provide you with:

  • About 1 Hour of Basic Counseling
  • Zero Charges in Advance
  • A Custom-Made List of Action Items
  • Evidence of Qualifications

Keep in mind that nonprofit status does not necessarily mean that a credit counseling organization is reputable, and being for-profit does not necessarily mean they are dishonest.

Naturally, at KY Debt Relief, we can assist you in finding the right credit counseling or debt relief program according to your distinct situation.

Credit Counseling Dayton KY

Though credit counseling won’t include any debt reductions, you can save a lot of money with lower interest and fewer penalties.

Credit counseling saves you time and expense. Discover for yourself today.

Credit Counseling Dayton KY

How much will a debt management plan cost you? Usually $25-$30 each month, on top of a setup fee of approximately $90.

The majority of DMP’s will want you to repay 2.5 percent of your total credit card debt a month. Let’s look at an outline of how much your monthly payments would be, based on differing levels of personal debt.

Debt 2.1% 2.5%
$20,000 $420 $500
$25,000 $525 $625
$30,000 $630 $750
$35,000 $735 $875
$40,000 $840 $1000
$65,000 $1365 $1625
$70,000 $1470 $1750
$75,000 $1575 $1875
$80,000 $1680 $2000
$90,000 $1890 $2250
$95,000 $1995 $2375
$100,000 $2100 $2500

Bankruptcy Counseling: Dayton, KY

Bankruptcy Counseling Dayton KY

More and more people in Dayton have been filing bankruptcy. It’s estimated that 60 of Dayton’s 12,114 residents have declared bankruptcy.

Since 2005, any individual in Dayton who would like to file for bankruptcy has to first acquire an official document proving that they went through a bankruptcy credit counseling course in Dayton, KY.

Sessions can be held:

  • In Person
  • On The Phone
  • Web-Based

Some firms are accredited, while some aren’t.

For an approved list of approved bankruptcy credit counseling programs for Dayton residents, click the link. Alternatively, you can talk with an experienced credit specialist by submitting this form.

Credit Counseling / Debt Counseling Agencies: Dayton, KY

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