Credit Counseling: Clanton (AL)

AL Debt Relief

Are you drowning in debts or bills? If so, you may need to find a credit counselor in Clanton, AL.

We have partnered with leading credit counselors and debt management companies to help you get the help you need.

Any worthwhile credit counseling agency in Clanton, AL, should help you:

  • Merge Your Monthly Repayments
  • Obtain Lower Interest Rates
  • Reduce Collection Agency Calls
  • Put Together a Plan to Repay the Money You Owe

We have calculated that 663 of the 17,968 inhabitants of Clanton are currently delinquent on their monthly payments.

>> Get Your Free Obligation Credit Counseling Quote!

Assessing Your Debt: Clanton, AL

Typically, Clanton residents earn $2,805 a month. With any luck, a consumer who pulls down this much should have combined loan, rent, and credit card payments of no more than $1,010 on a monthly basis, which is slightly more than 1/3 of their pre-tax earnings.

If your monthly debts make up more than 43% of what you earn, you need help. If you make $2,805, Clanton’s average, this is just $1,206. You won’t be on your own: quite a l ot of Clanton’s residents spend more than half of their income ($1,403) on such costs.

Debt management plans are practically interchangeable with credit counseling. Why sign up for a DMP? Well, you may take advantage of:

  • Less Expensive Interest Rates
  • Decreased Debt Collection Agency Calls
  • Consolidated Payment Amount
  • Quicker Debt Payoff

Your credit counselor will carry out paying the credit card companies every month. All you have to do is provide them with just one monthly payment.

Settlement versus Management in Clanton, AL

The majority of debt management programs aim to have your debts paid back in 36-60 months. Your credit rating typically won’t drop, but it may be tricky to get approved for new lines of credit such as a home or auto loan. That said, if you were to settle what you owe for a smaller amount through Clanton debt settlement, you would have to expect your credit scores to be gravely damaged.

Choosing a Credit Counseling Agency: Clanton, AL

So long as you get a reputable firm, credit counseling can help. Truth be told, the Federal Trade Commission now demands it for individuals declaring bankruptcy, but there are a number of methods to ensure that your Clanton credit counseling company is trustworthy:

  • Obtain references
  • View their qualifications
  • Be certain that your consultant is credentialed

To learn more, look at this FTC post on how to choose a credit counselor.

>> Get Your Debt Assessment Now

How Much Could Debt Management Help You Save?

Some people erroneously believe that credit counseling is pointless because it does not decrease the debt you owe, but they don’t realize that a DMP can reduce your interest rates, which is a powerful way to save money. Credit counseling helps you save time and expense. Learn more today.

Clanton AL Credit Counseling

Credit Counseling / Debt Management: Clanton, AL

  • Price Phillip A, 1701 7th St N, 35045
  • Backus & Gil LLC, 472 South Lawrence Street Suite STE, 35045