Do you need to get your debts paid off and reestablish your credit? In this case, enlisting the services of a professional credit counselor in Casa Grande could help. Do you want to talk with a certified Casa Grande credit counselor about getting free from debt?
Excellent candidates have the following:
- Debts of at Least $2,5000
- Steady Income
When it comes to credit counseling, you will pay back everything you owe on your accounts, plus interest. This is healthier for your credit score over time.
Debt Counseling: Casa Grande, AZ
How much is your debt overall? If you’re shelling out over half of your income a month on rent/mortgage, auto/college loans, and credit cards, you really should seek the advice of a credit counselor in Casa Grande as quickly as you can.
If you have more than $10,000 of debt, your credit counseling expert may have you sign up for a debt management plan. A DMP is a method of consolidating debt, in that your monthly payments will be merged into one monthly payment. However, there’s no loan necessary.
You don’t need to converse with your creditors, as your credit counselor will handle this aspect.
Negotiation versus Credit Counseling in Casa Grande, AZ
Most consumer credit counseling agencies strive to have your debts paid back in 36-60 months. Even though this should not make your credit scores drop, it is usually hard to get new a credit line. Then again, if you were to settle what you owe for a reduced sum through Casa Grande debt settlement, your credit score would probably be gravely impaired.
Steering Clear of Credit Counseling Ripoffs in Casa Grande, AZ
In general, credit counseling and debt management plans have been recognized by the FTC and other federal regulators, but reputable credit counselors in Casa Grande, AZ, and throughout Arizona will normally offer:
- 45 to 60 Minutes of Basic Guidance
- No Charges in Advance
- An Itemized Action Plan
- Proof of Qualifications
For additional information, read this FTC article on how to choose a credit counselor.
Bear in mind that credit counseling is a way of managing debt, not reducing it, but your creditors may waive service fees and lower annual percentage rates as part of a debt management program. A short evaluation of your financial situation is necessary to supply you with an exact savings quote.
Fees Associated with Credit Counseling Agencies in Casa Grande, AZ
Although credit counseling is generally complimentary, DMP’s require fees each month.
Debt management programs in Casa Grande are very reasonable: less than $40 per month, and the fee is built into your monthly payment.
How much will your monthly payments be? That depends on your credit balances. Typically 2.5% of how much you owe.
Here is a table showing you how much this amounts to, based on different amounts of personal debt.
- $20,000 Debt: $420 to $500
- $40,000 Debt: $840 to $1000
- $45,000 Debt: $945 to $1125
- $75,000 Debt: $1575 to $1875
- $80,000 Debt: $1680 to $2000
- $90,000 Debt: $1890 to $2250
Bankruptcy and Credit Counseling: Casa Grande (AZ)
We estimate that 20 of Casa Grande’s 37,949 residents have resorted to bankruptcy.
As dictated by law, you must go through a pre-bankruptcy Casa Grande credit counseling program before declaring yourself bankrupt. This program has to be within 180 days of when your filing date.
You don’t have to enroll with your local Casa Grande credit counselor to do this. Programs are available on the internet and by phone, not just personally.
You will find that some firms are able to provide this service, while some aren’t.
To find approved pre-bankruptcy credit counseling agencies for Casa Grande residents, follow the link. Or alternatively, you can talk with a seasoned credit professional:
Debt Management and Credit Counseling: Casa Grande (AZ)
- A American Debt Consolidation, 121 W 2nd St, 85122