Do you want to reduce the length of time it will take to pay back the money you owe? In that case, companies that help folks just like you consolidate payday loan and/or credit card debts in Bowling Green, KY.
You’ll find two specific kinds of debt consolidation programs: with and without a loan. In each case, you’ll need a consistent source of income.
To find out which type meets your needs, you’ll want to contact a skilled Bowling Green debt consolidation professional.
Most commonly, debt consolidation in Bowling Green, KY, involves working with a professional to manage debt through a credit card consolidation program. A DMP offers a lot of advantages:
- Single Payment
- More Affordable Interest Levels
- Less Extra Fees
If you’re searching for a debt consolidation agency in Bowling Green, KY, this is one of the least expensive solutions, only $25-40 a month.
Bowling Green, KY Debt Consolidation Loans
If you’ve got a good credit rating, you may be able to use a debt consolidation loan to pay down your debt.
The variety of payments you were juggling for varied creditors will be superceded by one simple payment each month, your Bowling Green debt consolidation loan’s payment. Most prospects for debt consolidation loans in Bowling Green KY have very good credit and substantial salaries, as these are needed to help you receive a loan at an economical rate of interest.
Wondering if a debt consolidation loan is right for you?
Consolidating Payday Loans: Bowling Green (KY)
Payday loans have been gaining popularity because of the economic recession. It’s estimated that 4,418 people in Bowling Green get payday loans on a regular basis, and around 3,358 of these consumers are re-borrowing on the original principal. That’s shocking, don’t you think? It’s around 3 in every 4 borrowers!
On the plus side, there are payday loan consolidation agencies in Bowling Green, KY, that can assist you to consolidate your payday loans into a single monthly installment, field telephone calls from collection agencies, and reduce the extortionate annual percentage rates on payday loans.
Ready to break free from payday loan debt?
Bowling Green, KY Debt Analysis
How much credit card debt have you got?
In an ideal world, your monthly debts will comprise roughly one third of your wages. Such debts include things like ones that are secured and unsecured:
- Credit Cards
- All Loans
- Home Loan Payments
For instance, suppose you earn $2,457 monthly, which is about average average for someone who lives in Bowling Green, then, in a perfect world, you would spend no more than $909 every month. Sadly, many Bowling Green residents are in considerable debt, with a debt to income ratio (DTI) of more than 50%. They’re forking over more than $1,229 per month!
If your debt load is more than 50%, it is time to speak to a debt consolidation consultant in Bowling Green, KY.
Debt Consolidation Fraud in Bowling Green, KY
Stay clear of any Bowling Green KY debt consolidation firms that charge upfront service fees, won’t disclose basic details or savings necessary for consolidation, or make you open a savings account at a non-FDIC-insured bank or investment company.
Never sign up for a program that has a negative name.
Debt Consolidation Providers: Bowling Green (KY)
- Lowe Morris Attorney, 917 College St, 42101
- Consumer Credit Counseling Service, 1725 Ashley Cir, 42104
- Consumer Credit Counseling Service Of Central Kentucky, 177 Graham Dr, 42101
- Farm Credit Services of Mid-America, 5572 Russellville Rd, 42101
- Kjr Credit Repair, 661 Us 31w-Byp, 42101
- Smith Herbert J Attorney Jr, 511 Main Ave, 42101
- Smith Jr, Herbert J – Smith Jr Herbert J, 511 W Main Ave, 42101