Credit Counseling: Morehead (KY)

KY Debt Relief

Credit Counseling Morehead KYAre debts and financial woes stressing you out? In that case, a trusted Morehead credit counseling agency might be the answer.

Let us match you to a debt relief expert who can present you with a free debt evaluation, savings estimate, and affordable action plan.

Generally people who sign up for Morehead credit counseling have stable income, credit card debt of more than $5K, and an eagerness to get out of debt.

With credit counseling, you will pay all of the debt to your lenders, plus interest, which ends up being measurably better for your credit ratings over time.

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Do I Need Debt Counseling in Morehead, KY?

Credit Counseling Morehead KY

Your debt to income ratio helps to evaluate if you need credit counseling. Consider several statistics based on an income of $2,391 a month, the Morehead average:

  • $861 (36%): Optimal
  • $861 to $1,028 (36-43%): Fine
  • $1,028 to $1,196 (43-50%): Too High
  • $1,196 or more (50%): Excessive

Debt Counseling Programs: Morehead, KY

Debt Counseling Morehead KY

If you’re in substantial debt, your credit counseling professional will probably want you to participate in a debt management program (DMP). A debt management plan is a method of consolidating debt, because the money you owe on a monthly basis will be merged into a single amount. However, there’s no loan necessary.

You will write a single check every month to your Morehead credit counselor. They will disburse the funds among each of your creditors.

Tips on Avoiding Credit Counseling Shams in Morehead, KY

Credit Counseling Morehead KY

As a program, credit counseling has been vetted by the FTC and other state and federal bodies. But there are a variety of ways to make certain that your Morehead credit counseling service is highly regarded:

  • Inquire about testimonials
  • Examine their qualifications
  • Be certain that your specialist is licensed

Remember that non profit status isn’t going to always mean that a credit counseling agency is reliable, and being for profit does not always mean they’re not to be trusted.

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If your creditors agree to accept your Morehead credit counselor’s debt management plan, you’ll profit from dramatically reduced rates and penalty fees. To discover just how much a DMP could save you, you need to talk with a veteran credit counselor in Morehead, KY – today!

How much does a DMP cost? Ordinarily $25-$30 monthly, plus a startup fee of approximately $75. With a debt management plan, the money you fork out each month paying back your credit balances is normally similar to your minimum credit card payment: 2.5%.

Non-Profit Credit Counseling Service in Morehead, KY

In Morehead, KY, Consumer Credit Counseling Service, commonly known as CCCS, may provide inexpensive credit counseling for Morehead consumers. In Morehead, Kentucky, a Consumer Credit Counseling Service will generally be:

  • A Non Profit
  • Affiliated with the National Foundation for Credit Counseling (NFCC)
  • Approved by the Department of Housing and Urban Development (
  • Approved by The COA
  • Member of the BBB

Quite often a CCCS agency will make available:

  • Pre/Post Bankruptcy Credit Counseling for Morehead Residents
  • Housing Counseling
  • Money Management Courses

Always remember, not for profit does not necessarily mean cost-free.

To discover the CCCS location closest to Morehead, KY, research the list of Morehead credit counseling agencies this site offers. Alternatively, you can visit the official NCFF website.

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Debt and Credit Counseling: Morehead (KY)

  • Credit Cleaners, 255 Old Flemingsburg Rd, 40351
  • Wise Choice Credit Counseling, 1446 E Main St, 40351