Do you live in Litchfield Park, AZ, and need relief from debt? If that’s the case, you might want to reach out to a debt consolidation agency in Litchfield Park, AZ.
For starters, simply contact us. Debt Relief Arizona can match you to a debt consolidation firm based on what you owe, where you live, and your own priorities.
Debt Management in Litchfield Park (AZ)
Of the 591 residents of Litchfield Park in need of debt relief, most of them would be best served by a debt management plan. Debt management plans make it easier to repay your creditors fully through just one payment amount, as well as lower rates of interest, payments, and fees. In most cases your creditors start providing these perks after 3 months of on time payments. Furthermore, these kinds of plans are normally pretty inexpensive:
- Sign up: no more than $75
- Bill Every Month: $30-40
Debt Consolidation Loans: Litchfield Park, AZ
As we we previously discussed, debt consolidation often involves getting a loan to pay down your credit card balances.
The advantages of debt consolidation loans in Litchfield Park, AZ, reflect those of debt management plans:
- Fewer Calls from Collectors
- Lesser Annual Interest Rates
- Consolidated Debts
- Minimized Sustained Credit Score Complications
If you obtain a loan that’s been secured by collateral, there may be positive tax implications. On the other hand, if you fail to make the payments on a loan like this, the bank could foreclose on your house. Is a debt consolidation loan right for you?
Litchfield Park, AZ Payday Loans Consolidation
Payday loans have been growing in popularity as a result of the credit crunch. There are 7,053 residents of Litchfield Park, and roughly 367 apply for and are given one or more cash advance per year. Sadly, approximately 161 of these applicants wind up not being able to pay off their cash advance loans. This is nearly half!
Thankfully, we can help you find payday loan consolidation companies in Litchfield Park, AZ, that can help you:
- Consolidate a variety of payday loans.
- Trim down outrageous payday advance rates.
- Set up a plan for being free from payday debt.
- Manage collect agency calls.
Do you need to read more about payday lending guidelines in Arizona? For more information, explore this website.
Have you figured out how much unsecured debt you’re carrying?
If at all possible, your monthly debt payments ought to take up roughly a third of your wages. Such debts include credit cards, automobile/payday loans, and rent or home loan repayments. Consider how this works for a typical resident of Litchfield Park, AZ:
- Income Per Year: $62,538
- Monthly Income: $5,212.00
- Recommended Debt Load: $1,876
- Excessive Debt Load: $2,606
If your DTI is over 50%, you should seek the advice of a debt consolidation specialist near you.
How to Avoid Debt Consolidation Ripoffs
According to the FTC, your Litchfield Park, AZ debt consolidation company is required to offer you the following information before you enroll in their program:
- Payment scheme.
- How long until they make contact with each credit card company.
- How much you have to save before they’ll speak with your creditors.
- The negative effect on your credit score.
Avoid any debt consolidation agencys in Litchfield Park, AZ, which have a record of dishonest conduct.
Debt Consolidation Firms: Litchfield Park (AZ)
- Freedom Financial, 555 E Plaza Cir, 85340