Can you only afford to pay the minimums on your credit accounts each and every month? If that’s the case, we can help. Here at KY Debt Relief, we help people get out of debt.
Dry Ridge credit counseling consultants help people by:
- Teaching them to manage their money more effectively.
- Handling the credit card companies themselves.
- Preparing custom-made spending plans for their clients.
Debt for Dry Ridge Residents: How Much is Excessive?
On average, the salary for people in Dry Ridge is $38,953 per year, which is $3,246 each month. You need to contact a credit counselor if you make $3,246 and find you are spending $1,396-$1,623 each month on debts that are secured or unsecured, for example:
- Payday Advances
- Credit Cards
Have you got more than $10K in debt or have monthly payments for rent, loans, or credit cards that amount to more than 50 percent what you make each month? Then you might need to take part in a DMP, or debt management plan. As part of a DMP, your Dry Ridge KY credit counseling agency may able to get less expensive interest rates and fees and penalties from your creditors.
Your credit counselor will manage paying the credit card companies each and every month. The only thing you need to do is give them the prearranged payment per month.
Bear in mind, no debts are absolved when it comes to consumer credit counseling. Debt negotiation may enable you to pay just 40-60 percent of your balance; however, it might ruin your FICO score.
How to Avoid Credit Counseling Scams in Dry Ridge (KY)
Provided that you work with a reputable firm, credit counseling can certainly help. In fact, the FTC now requires it for people who want to file bankruptcy, but you’ve got to make sure that any credit counselor you work with in Dry Ridge, KY, is a reputable one. You can do this in many ways, for example checking their customer reviews, examining whether or not they are authorized in Kentucky, and viewing their Better Business Bureau page.
Remember that non profit status isn’t going to necessarily mean that a credit counseling agency is legitimate, and the opposite is true as well.
Don’t forget, at KY Debt Relief, we help guide you to the ideal counseling or debt relief option based on your distinct needs.
The exact amount that credit counseling could help you save is dependent upon your particular financial predicament. Fortunately, your monthly payments should be more affordable thanks to discounts in interest rates and fees.
Want to learn how soon credit counseling could free you from debt?
Non-Profit Credit Counseling Service: Dry Ridge (KY)
Established in 1951, the NFCC, or National Foundation for Credit Counseling, is the largest network of non profit credit counseling services in Kentucky. Affiliates are typically often known as CCCS, or Consumer Credit Counseling Service. In Dry Ridge, Kentucky, a Consumer Credit Counseling Service will generally be:
- Non Profit
- An NFCC Member
- Certified by the Department of Housing and Urban Development (HUD)
- Accredited by The COA
- Member of the Better Business Bureau
Often a CCCS organization will offer:
- Pre/Post Bankruptcy Credit Counseling for Dry Ridge Residents
- Housing Counseling
- Credit File Assessments
- Debt Management Plans
Bear in mind that non profit doesn’t mean zero cost.
To locate the closest CCCS office in Dry Ridge, KY, please have a look at the directory of agencies we provide or try the NCFF’s agency directory: http://www.nfcc.org/FirstStep/firststep_01.cfm
Credit Counseling / Debt Counseling Agencies: Dry Ridge, KY
- KY Credit Counseling Service? Contact us!