Have collection agencies been pestering you for payment? If that’s the case, we can find you debt consolidation programs in Bay Minette, AL, that will help you consolidate your credit card or payday loan debt.
Debt consolidation may mean two differing strategies of debt relief:
- Debt Management Programs (DMP’s)
- Debt Consolidation Loans
Let’s find you a respected Bay Minette debt consolidation organization.
Of the 1,602 people in Bay Minette needing some form of debt relief, the majority would be best served by a debt management plan.
A DMP provides numerous advantages:
- Only One Payment
- Less Expensive Interest Rates
- Less Late Fees
If you’re looking for a credit card consolidation agency in Bay Minette, AL, this is among the most economical ways to go.
Debt Consolidation Loans in Bay Minette (AL)
The funds borrowed under a debt consolidation loan are used to repay your credit lines.
The multitude of payments you were sending to numerous card issuers will be transformed into one payment amount, your loan’s payment.
If you want to make full use of a debt consolidation loan, you will need to get competitive rates. This means you need to have very good credit.
Chat with a debt consolidation specialist to determine which option is ideal for you.
Payday Loan Consolidation in Bay Minette, AL
If you’re looking to consolidate your Bay Minette AL payday loans, it’s not just you. Somewhere around 994 people in Bay Minette get payday advances on a regular basis, and something like 755 of these borrowers have multiple payday loans – we’re talking upwards of 3 in every 4 people who get one of these loans! Are you currently past due on at least two payday loan? You’re alright, we work with a payday loan consolidation agency in Bay Minette, AL, who will:
- Scale back ridiculous cash advance interest levels.
- Lower debt collector telephone calls.
- Combine various payday loans.
- Establish a plan for payment.
Do you want to discover more about payday lending policies in Alabama? Hop on over to payday laws in AL.
Debt consolidation agents in Bay Minette, AL will need to learn how much debt you’ve got that is no secured. This means it’s not protected by any collateral. The most common reasons for debt from month to month are credit card bills, cash advances, rent, doctors’ bills, and department store cards. In a perfect world, no more than 36% of your income will be dedicated to paying down debts. Such debts encompass credit card bills, loans, and rent or home loan payments. Consider what this means for a typical consumer in Bay Minette, AL:
- Income Per Year: $34,499
- Income Each Month: $2,875
- Recommended Debt Load: $1,035
- Severe Debt Load: $1,438
There are 19,110 people who live in Bay Minette, and 1,602 can only afford their monthly minimums. Sound familiar?
Credit Card and Payday Loan Consolidation Programs in Bay Minette (AL)
- Consumer Credit Counseling Service, , 36507