Arizona Credit Counseling (AZ)

AZ Debt Relief

Don’t accept advice from amateurs. If you’re in financial trouble, you need to get in touch with a skilled professional. At Debt Relief Arizona, we encourage our consumers to obtain a free, individualized debt analysis from a specialist with experience helping people get out of debt.

AZ Debt Relief

The majority of consumers interested in credit counseling have the following:

  • $3.5K in Unsecured Debt
  • Ability to Allocate $250-$300 Toward Monthly Payments
  • Honest Dedication to Be Debt-Free

Never forget, credit counseling demands trying to repay your creditors entirely. But, of course, it is more beneficial for your credit rating than debt negotiations.

We have calculated that 235,743 of the 6,392,017 residents of Arizona may need credit counseling. The average income in Arizona is $41,551 yearly, which is $3,463 a month. You should contact a credit counselor if you earn this much and find you are spending $1,489 to $1,732 every month on debts such as rent, mortgage, loans, and credit cards.

Debt management programs, aka DMPs, are virtually synonymous with credit counseling.

With a DMP, your AZ credit counselor may able to negotiate less expensive interest rates and better terms from your credit card companies. Every month, you will submit a single sum to your Arizona credit counseling service, and they will disburse the money among each of your creditors.

Settlement vs Credit Counseling in AZ

Don’t forget, credit counselors can help you pay off your debts more rapidly and at a decreased rate of interest, but you still will pay back your entire debt, inclusive of interest. A debt settlement program may make it possible to pay off only 40-60% of your debts; however, it might annihilate your credit.

How to Avoid Credit Counseling Scams in AZ

Provided that you work with an honest company, credit counseling can really help. In point of fact, the Federal Trade Commission now mandates it for those filing bankruptcy, but trustworthy credit counselors in Arizona and throughout the country should provide:

  • About 1 Hour of Basic Guidance
  • No Upfront Fees
  • A Tailor-Made Action Plan
  • Proof of Qualifications

For more information, look at this FTC article on the subject.

No need to be satisfied with a credit counselor you can’t count on. We’ll assist you in finding the right Arizona credit counseling company.

Get Your Free Savings Estimate

How Much Will Credit Counseling Save You?

If your creditors agree to participate in your Arizona credit counseling agency’s DMP, you will benefit from lower rates, fewer penalties, and lower monthly payments.

A quick assessment of your finances is needed to provide an exact savings estimate.

Free Savings Estimate

How Much Does Credit Counseling Cost in Arizona?

Credit counseling agencies are not allowed to charge upfront fees by the FTC. Credit counseling programs in Arizona are quite affordable: less than $40 each month, and the cost is built into the amount you pay each month. How much will your monthly payments be? That depends on how much you owe. Generally 2.5% of how much you owe.

Bankruptcy Credit Counseling in Arizona

More and more people in Arizona have been forced into bankruptcy. We estimate that 34,006 of Arizona’s 6,392,017 residents have filed for bankruptcy. As required by the FTC, you must sign up for a pre-bankruptcy Arizona credit counseling program before you can declare bankruptcy. This program must be within 6 months of when you file.

You do not have to pay a visit to your local credit counselor for this, since programs can be found over the internet and on the telephone. Not every credit counseling agency can give you this certificate. For an approved list of approved pre-bankruptcy credit counseling programs for Arizona residents, just click here. Alternatively, you can converse with a qualified debt consultant:

AZ Debt Relief

Credit Counseling and Debt Management in Your Town