At Debt Relief Alabama, we connect people in Monroeville, AL, with debt consolidation specialists whose mission is to:
- Decrease their payments
- Bring down their rate of interest
- Decrease collection agency calls
There are a couple of different kinds of debt consolidation strategies: some involve a loan, but the majority do not. In each case, you’ll need a consistent source of income.
To find out which method fits your needs, consult a certified Monroeville debt consolidation advisor.
Monroeville (AL) Debt Management
Would you like to get out of debt faster, with less interest and fees and penalties? Then you might want to enroll in one of the debt management plans in Monroeville, AL.
This DMP has a lot of benefits:
- Just One Payment Per Month
- Reduced Apr’s
- Reduced Penalty Fees
If you are looking for a credit card consolidation company in Monroeville, AL, this is among the cheapest ways to go:
- Sign up: $75 or less
- Monthly Fee: $20-40
Debt Consolidation Loans in Monroeville, AL
The reason for debt consolidation loans is simple: unsecured personal loans and home equity loans usually have less expensive rates than whatever you are shelling out for your credit cards.
The benefits of debt consolidation loans in Monroeville, AL, are the same as those of debt management programs, including combined monthly payments, fewer calls from debt collectors, and decreased interest rates.
When you have less-than-perfect credit, a debt consolidation loan is probably not the way to go, because good credit is needed to secure such a loan with low enough rates. When you want to consolidate your debt, you need to speak to a firm that offers debt consolidation in Monroeville, AL.
Consolidating Payday Loans in Monroeville (AL)
Payday loans have been increasing in popularity due to the economic recession. There are 11,958 residents of Monroeville, and it’s estimated that 622 get one or more payday advance each year. Unfortunately, something like 274 of these debtors are not able to repay their cash advance loans. This is almost half! Are you currently past due on one or more payday cash advances? Don’t fret, we work with a payday loan consolidation agency in Monroeville, AL, that can help you:
- Combine various payday cash loans.
- Scale back excessively high payday loan rates of interest.
- Develop a strategy for repayment.
- Field collector calls.
Need to get rid of payday debt?
Preferably, about 33% of your income will be dedicated to paying down debts. Such debts include things like credit card bills, car/student/payday loans, and rent/home loan payments. Here’s what this means for the typical consumer in Monroeville, AL:
- Income Per Year: $10,287
- Monthly Income: $857
- Recommended Debt Load: $309
- Severe Debt Load: $429
If your debt load is greater than 50%, you should seek the advice of a debt consolidation consultant in your area.
Debt Consolidation Providers in Monroeville (AL)
- Alabama credit counseling firm? Email us!