Credit Counseling: Alabaster (AL)

AL Debt Relief

If you feel as if things have gone askew financially, credit counseling might be what you need. We allow our customers to get a cost-free, personalized debt analysis from a specialist in their area.

>> How Much Could Credit Counseling Help You Save? Learn Today!

Most individuals in need of credit counseling have steady work, unsecured debts of more than $10K, and an eagerness to be free of debt.

Credit counselors have you pay the full balance owed on your balances, including interest. This is measurably better for your credit rating in the long run.

We estimate that 743 of Alabaster’s 20,157 residents can’t afford to make their revolving credit payments on a monthly basis.

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When to Schedule a Credit Counseling Consultation: Alabaster, AL

Credit Counseling Alabaster AL

Lenders want to know how much comes in in comparison to how much goes out. This is the biggest factor. There are benchmarks that will let you know where you’re at financially.

Income DTI Debts Seriousness?
$2,363 36% $851 Great
$2,363 43% $1,016 Fine
$2,363 50% $1,182 High Alert

Credit Counseling Plans: Alabaster, AL

Do you have at least $10,000 of debt or have a DTI of 50% or higher? If so, you might need to enroll in a DMP, or debt management program. A debt management plan is a means of consolidating debt, given that your monthly payments is merged into just one payment, but no loans are necessary. Your credit counseling agency will deal with paying your creditors each month. The only thing you’ll need to do is make sure they get the fixed monthly payment.

How to Avoid Credit Counseling Scams in Alabaster (AL)

Credit Counseling Alabaster AL

Assuming that you find an experienced company, credit counseling can certainly help. Truth be told, the Federal Trade Commission now mandates it for those filing bankruptcy not just in Alabama, but across the nation. But keep clear of any credit counselors that say that they’re able to:

  • End all calls from collection agencies
  • Negotiate collateralized debt
  • Charge a fee ahead of time for their products and services

To learn more, check out this FTC write-up on the topic.

Credit counseling saves you money due to the fact that creditors who participate drop payments, APR’s, and late fees.

To determine exactly how much you could save, you need to speak with a trained Alabaster credit counselor – today!

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Pricing Credit Counseling: Alabaster, AL

Debt management programs in Alabaster are very reasonable. They normally cost less than $40 a month, and the cost is included in the amount you pay each month. Under a DMP, the money you shell out each month paying off your credit balances is typically equal to the minimum payment on your credit cards: 2.5%.

Consumer Credit Counseling Service in Alabaster (AL)

In Alabaster, AL, CCCS, which stands for Consumer Credit Counseling Service, may provide nonprofit credit counseling for local residents. A Consumer Credit Counseling Service in Alabaster, AL, will normally be:

  • Not For Profit
  • An NFCC Affiliate
  • Qualified by the Dept. of Housing and Urban Development (HUD.gov)
  • Member of the Better Business Bureau

In most cases a CCCS firm will supply not only consumer credit counseling, but also Alabaster bankruptcy credit counseling, money management seminars, and housing help. Unfortunately, non profit doesn’t translate to no cost. To locate the nearest CCCS location in Alabaster, AL, please research the directory of Alabaster credit counseling firms we’ve provided or go to the official NCFF homepage.

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Credit and Debt Counseling Agencies in Alabaster (AL)

  • Tower & Associates Inc, 8919 Highway 119, 35007