Have you been having difficulties paying down your credit cards or bills each month? In this case, tracking down a trained credit counselor in Litchfield Park AZ might be the answer.
We can get you in touch with a debt relief consultant who can:
- Evaluate Your Spending habits.
- Provide a Savings Estimate.
- Suggest the Most Effective Program.
Ideally suited individuals for credit counseling have these traits:
- Owe at Least $2,5000
- Ability to Allocate $250-$300 Toward Monthly Payments
Even though credit counseling won’t reduce your debts, it looks a lot better to prospective lenders than debt settlement programs.
When to Schedule a Session?: Litchfield Park, AZ
Your ratio of debt to income, often known as DTI, helps to assess how much you’re in need of credit counseling.
Managing Debt in Litchfield Park, AZ
Do you have more than $10K of medical or credit card debt or have monthly payments for rent, loans, or credit cards that use up more than 50 percent your earnings? Then your credit counseling professional could possibly decide that you need to register for a debt management plan (DMP). As part of a debt management plan, your Litchfield Park AZ credit counselor may able to work out reduced interest rates and fees and penalties from your credit card companies.
In essence, your credit counseling specialist will handle your creditors directly.
Finding a Credit Counseling Firm: Litchfield Park (AZ)
As an industry, credit counseling has been checked out by the Federal Trade Commission and other government authorities. But you must confirm that any credit counselor in Litchfield Park, AZ, is credible. This can be done in many different ways, like reading their customer reviews, examining whether or not they are certified to do business in Arizona, and viewing their Better Business Bureau reviews.
Just remember, being a not-for-profit won’t necessarily mean that a credit counseling organization is honest, and the other way around.
How Much Will Debt Management Help You Save?
If you want to assess how much credit counseling could help you save, you need to chat with a debt relief expert, but your creditors may waive penalty fees and lower annual percentage rates as part of a debt management plan.
A simple evaluation of your finances is needed to supply you with an exact savings estimate.
Credit Counseling Costs: Litchfield Park, AZ
How much will a DMP cost? In most cases $25-30 a month, including an initial fee of approximately $90.
How much will your monthly payments be? Ordinarily 2.5% of the amount you owe.
Credit and Debt Counseling Agencies: Litchfield Park, AZ
- Freedom Financial, 555 E Plaza Cir, 85340