Are you hoping to streamline the process of paying back your debts? Then you might want to enlist the services of a debt consolidation company in Foley, AL.
For your zero cost debt consolidation assessment, please fill out this easy form. The process is short, simple, and there’s no cost.
In most cases, debt consolidation in Foley, AL, means working with a firm to manage debt through a specialized program.
A DMP provides a lot of benefits:
- Lower Payment
- Lowered Annual Percentage Rates
- Waived Extra Fees
Furthermore, DMP’s are one of the most economical ways to consolidate debt in Foley, AL.
Debt Consolidation Loans: Foley, AL
Debt consolidation loans come in two forms: unsecured bank loans and loans collateralized by your home, of which the second option is most common.
The multitude of payments you were having to make to different credit card companies will be transformed into one simple monthly installment – your loan payment.
If you want to benefit from a debt consolidation loan, you have to get low annual percentage rates. This means you need exceptional credit.
Speak with a debt consolidation consultant to learn which strategy is right for you.
Consolidating Payday Loans in Foley, AL
Payday loans have been increasing in popularity on account of the economic climate. There are 17,830 residents of Foley, and about 927 end up with one or more payday loan every year. Alas, something like 705 of these consumers are re-borrowing on the original amount – that’s more than 75%!
On the plus side, we work with Foley AL payday loan consolidation services that can assist you to consolidate your Foley payday loans into a smaller payment amount, handle phone calls from loan companies, and limit the outrageous loan rates you can expect from payday loans.
Want to read more? Click to read more AL payday laws.
How much credit card debt are you carrying? Ideally, your monthly debts will make up roughly one third of what you make. These debts include things like both secured and unsecured debts:
- Credit Card Payments
- Car, College, and Payday Loans
- Rent or Home Loan Payments
Let’s consider how this works for the typical resident of Foley, AL:
- Income Annually: $17,808
- Monthly Income: $1,484
- Ideal Debt Load: $534
- Severe Debt Load: $742
Debt load in excess of 50%? If so, you need to consult a debt consolidation expert in your area.
Debt Consolidation Policies
In accordance with FTC standards, any Foley debt consolidation firm must:
- Fully describe how their fees work.
- Say how long it will be before they get in touch with each credit card issuer.
- Let you know how much you need to have saved before they’re going to get in touch with all of your lenders.
- Explain how your credit scores could be afflicted.
Be sure to research your Foley debt consolidation agency prior to signing up. To find out more, check out the section of FTC.gov titled In Debt?.
Consolidation Programs in Foley, AL
- Kredit Care, 6460 Van Buren Street, 36535