Credit Counseling: Dothan (AL)

AL Debt Relief

Credit Counseling Dothan ALHave you got poor credit and too much debt? If so, you may need to enlist the services of a credit counseling agency in Dothan, AL.

We connect you with debt consultants companies to get you the help you’re looking for.

The best candidates for credit counseling have these traits:

  • $3.5K in Unsecured Debts
  • Ability to Allocate $250-$300 Toward Monthly Payments
  • Real Dedication to Free Themselves From Debt

Credit counselors have you pay the full balance owed to your lenders, including interest. This is much better for your credit rating down the road than debt settlement.

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How much comes in versus how much goes out. The math is easy.

Salary DTI Debt Severity
$1,902 36% $685 Optimal
$1,902 43% $818 Need to Cut Back
$1,902 50% $951 High Alert

Debt Counseling Plans: Dothan, AL

Debt Counseling Dothan AL

An integral part of credit counseling is debt management. If you participate in a debt management plan, your Dothan AL credit counseling agency may able to get you cheaper rates of interest and penalties from the companies you owe.

Each month, you will give a set payment to your Dothan credit counselor, and they will submit the appropriate amounts to each of your creditors.

Credit Counseling Dothan AL

Most consumer credit counseling services try to have your debts repaid in 36 to 60 months. During that time, your credit rankings should not decline, but it may be difficult to get approved for new a credit line. However, if you were to choose debt negotiation, you would have to expect your credit scores to be gravely impacted. Although a Dothan, AL debt consolidation loan may stop your credit ratings from dropping, they are chancy because you could lose whatever you used to secure the loan, often your home.

Identifying Credit Counseling Ripoffs in Dothan (AL)

As a whole, credit counseling and debt management plans have been checked out by the Federal Trade Commission (FTC) and other state and federal bodies. But there are a variety of methods to be certain that your Dothan credit counseling organization is legitimate:

  • Obtain references
  • Examine their BBB status
  • Check that your specialist is credentialed

Bear in mind, not for profit status isn’t going to always mean that a credit counseling agency is bonafide, and being for profit does not necessarily mean they’re not legitimate.

Bear in mind that credit counseling is a strategy for managing debt, not fighting it. However, it can often result in reduced payments per month through more affordable interest and penalties or fees. To see just how much a DMP could save you, talk with a highly trained credit counselor in Dothan, AL – today!

Credit Counseling Dothan AL

How much does a debt management plan cost you? Generally $25-30 per month, besides an initial fee of approximately $100. The majority of plans will want you to pay back 2.5 percent of what you owe per month. You might be interested in a table showing how much we’re talking about, based on different stages of debt.

Debt 2.1% 2.5%
$15,000 $315 $375
$35,000 $735 $875
$40,000 $840 $1000
$45,000 $945 $1125
$55,000 $1155 $1375
$60,000 $1260 $1500
$70,000 $1470 $1750
$75,000 $1575 $1875
$80,000 $1680 $2000

Consumer Credit Counseling Service: Dothan (AL)

Consumer Credit Counseling Dothan AL

In Alabama, the chief not for profit credit counseling group is the NFCC, and their network is often called Consumer Credit Counseling Service, or CCCS. A Consumer Credit Counseling Service in Dothan, AL, will usually be a local not for profit service which carries the NFCC membership seal. Quite often a CCCS agency will supply not only consumer credit counseling, but also:

  • Pre/Post Bankruptcy Credit Counseling
  • Home Assistance
  • Financial Education Classes

To discover the closest CCCS office in Dothan, AL, take a look at the list of Dothan credit counseling services we provide or visit www.debtadvice.org.

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Credit Counseling / Debt Counseling Agencies in Dothan, AL

  • Consumer Credit Counseling Service, 2731 Ross Clark Cir, 36301
  • Financial One Credit Services, 115 N Bell St, #4, 36303
  • JDC Inc, 108 Montana St, 36303
  • Advance America Cash Advance, 3113 Ross Clark Cir, 36303
  • Pyrial Credit Solutions, 545 W Main St, #100, 36301