Credit Counseling: Glendale (KY)

KY Debt Relief

Have you been struggling to pay off credit cards, medical bills, or unsecured loans? Then you’ve come to the right place. Wondering how much credit counseling will save you?

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Excellent candidates have these qualities:

  • $3.5K in Credit Card Debt
  • Steady Income

Do not forget that credit counseling will not eliminate your debts; however, it is considerably better for your fico score than debt settlement.

Of Glendale’s 40,374 inhabitants, it’s believed that 1,489 are past due on their credit card payments.

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When You Should Schedule a Credit Counseling Consultation in Glendale (KY)

Lenders want to know how much you earn vs how much you owe? This is the most important factor. Calculating this is basic.

Income DTI Debts Seriousness?
$3,480 36% $1,253 Ideal
$3,480 43% $1,496 Slight Concern
$3,480 50% $1,740 High Alert

Debt Counseling Plans in Glendale, KY

Do you owe at least $10,000 of debt or have a debt-to-income ratio of 50% or higher? If so, you might need to enroll in a DMP, or debt management program. A debt management program is a type of debt consolidation, as your credit card, loan, and other debt payments will be consolidated into a single payment. However, no loans are needed.

In effect, your credit counseling specialist will handle your creditors directly.

Credit Counseling versus Other Debt Relief Alternatives

Credit counseling should not have a lasting negative influence on your credit score; having said that, creditors may be unwilling to approve you for a new home or car loan when you’re currently benefiting from the services of a credit counseling specialist in Glendale, KY.

Tips on Avoiding Credit Counseling Shams: Glendale (KY)

As long as you find a reputable company, credit counseling can certainly help. In point of fact, the Federal Trade Commission now requires it for those declaring bankruptcy. But you really need to ensure that your credit counseling company is an experienced one. This can be done in a number of ways, including reading their consumer reviews, checking out whether they’re certified in Kentucky, and checking out their Better Business Bureau page.

For more information, look at this FTC write-up on the topic.

How Much Will Debt Management Help Save?

Credit Counseling Glendale KY

Credit counseling can reduce the amount you’re shelling out, but just how much will depend on your finances and creditors

Are you ready to find out how much credit counseling in Glendale, KY, will save you?

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Fees Associated with Credit Counseling Agencies: Glendale, KY

Credit Counseling Glendale KY

How much does a debt management program cost? Generally $25-$30 per month, in addition to a setup fee of approximately $90. If you can afford to pay off $2.50 of every $100 you owe each and every month, you could be debt free in approximately 40 months, but only if your credit consultant is able to freeze your interest rate. If he can’t, it’ll require appreciably more time.

You might be interested in a table that shows how much this amounts to, based on differing degrees of personal debt.

  • $10,000 Debt: $210 to $250
  • $25,000 Debt: $525 to $625
  • $40,000 Debt: $840 to $1000
  • $60,000 Debt: $1260 to $1500

Debt and Credit Counseling Agencies in Glendale (KY)

  • KY Credit Counseling Service? Contact us!