Are you drowning in debt? Then you might need to find a credit counselor in San Luis, AZ. Here at Debt Relief AZ, we encourage our customers to receive a free, customized debt analysis from a professional with years of experience getting people out of debt.
Ideal candidates have the following:
- Owe at Least $3,0000
- Steady Income
In the long term, credit counseling does far less damage to your credit scores than a debt settlement program, since you pay down your creditors entirely.
Of San Luis’s 12,545 consumers, something like 463 are in need of credit counseling.
Debt to Income Ratio: San Luis, AZ
Your ratio of debt to income, often known as DTI, helps to determine whether your finances warrant credit counseling. Why don’t we consider some statistics consistent with earnings of $1,899.00 on a monthly basis, San Luis’s average:
- $684 (36%): Best
- $703 to $798 (37-42%): Acceptable
- $817 to $950 (43-50%): Risky
- $950 or higher (50%): Extreme
Credit Card Counseling Programs: San Luis, AZ
An important aspect of credit counseling is debt management. By participating in a debt management plan, you might be able to take advantage of:
- Decreased APR’s
- Fewer Debt Collector Phone Calls
- One Payment Amount
- Quicker Debt Relief
You will submit only one check to your San Luis credit counseling service, and they’ll deliver the appropriate amounts to each of your creditors.
CCCS versus Other Debt Relief Solutions
Keep in mind that credit counseling programs can help you pay off your debts quicker and with a less expensive annual percentage rate, but you’ll still be paying down your total debts, including interest. Debt negotiation may allow you to pay just 40-80 percent of your balance; however, it can kill your credit rating.
Avoiding Credit Counseling Shams: San Luis, AZ
Overall, credit counseling and debt management plans have been vetted by the Federal Trade Commission (FTC) and other governmental regulators, but legitimate credit counselors in San Luis, AZ, and across the nation should furnish you with:
- About 1 Hour of Introductory Guidance
- No Charges in Advance
- A Customized List of Action Items
- Certification Qualifications
To read more, look at this FTC write-up on the subject. Don’t forget, at Debt Relief AZ, we assist you in finding the most suitable counseling or debt management plan based upon your unique situation.
How Much Could Credit Counseling Help You Save?
While credit counseling isn’t going to result in any reduction of debt, you’ll save a lot of money through more affordable interest and far fewer penalties. A quick assessment of your finances is essential to supply an exact savings quote.
Credit Counseling Rates: San Luis, AZ
For profit San Luis credit counseling companies who offer assistance via telephone are restricted by the FTC from invoicing you until they produce results. Debt management plans in San Luis are very affordable. They typically cost $25-3 each month, and the price is included in the amount you pay each month. In terms of the exact debt payments, you will ordinarily be required to pay 2.1-2.5% a month, which will be disbursed among your various credit card companies.
The following is a table depicting how much this is, based on various levels of unpaid debt.
Debt and Credit Counseling Agencies: San Luis, AZ
- AZ Credit Counseling Service? Contact us!