We can help you consolidate all of your credit card and/or payday loan debt into a single monthly payment.
For your zero obligation debt consolidation estimate, please call us or complete our contact form. Kentucky Debt Relief can match you to a debt consolidation consultant in Cynthiana, KY, based upon the amount you owe, where you live, and additional variables.
Debt Management (DMP): Cynthiana (KY)
Most commonly, debt consolidation in Cynthiana, KY, involves working with an agency to manage debt through a DMP.
Debt management plans, ordinarily provided by a credit counseling agency, enable you to repay everything you owe in 3-5 years through a single payment amount, along with cheaper rates, payments, and fees. In most cases your creditor begins giving you these benefits following you get in three consecutive monthly payments. What’s more, these types of programs are generally pretty affordable. Enrolling should cost approximately $75, and monthly fees $25-40.
Cynthiana (KY) Debt Consolidation Loans
The reason for your Cynthiana debt consolidation loan is simple: unsecured bank loans and home equity loans usually come with less expensive rates of interest than whatever you’re forking over to your credit card companies.
Proponents of debt consolidation loans point out several viable benefits, such as single monthly payments, no more calls from debt collectors, and less expensive annual percentage rates. Most suitable candidates for credit card debt consolidation loans in Cynthiana are individuals with exceptional credit and appreciable income, simply because these are necessary if you want to obtain a loan at an affordable rate of interest. Get in touch with a debt consolidation professional in Cynthiana, KY, to determine which debt relief solution is right for you.
Consolidating Payday Loans in Cynthiana, KY
Payday loans have been growing in popularity as a result of the economic climate. Of the 14,793 residents of Cynthiana, roughly 769 obtain one or more payday advance a year. Alas, something like 585 of these borrowers are borrowing more than once on the original principal. Hard to believe, right? We’re talking upwards of 3 out of 4 payday customers! Have you found yourself overdue on a number of pay day loans? You’re alright, there are Cynthiana KY payday loan consolidation firms that can assist you to:
- Consolidate a variety of payday loans.
- Scale back extortionate cash advance rates of interest.
- Set up a plan for getting out of payday debt.
- Decrease debt collector phone calls.
Do you need to learn more or discover ways to lodge a complaint against a payday loan company in your area? To find out more, pay a visit to this website.
Ideally, about 30% of your income will be dedicated to paying back debts. Such debts include credit cards, loans, and rent/mortgage payments. Let’s take a look at what this means for a typical individual in Cynthiana, KY:
- Annual Income: $36,216
- Income Monthly: $3,018
- Recommended Debt Load: $1,086
- Excessive Debt Load: $1,509
Debt load higher than 50%? If that’s the case, you need to speak with a debt consolidation specialist in Cynthiana, KY.
Debt Consolidation Companies in Cynthiana (KY)
- KY Credit Counseling Service? Contact us!