Do you have a bad credit score? In that case, we can help. We connect our visitors with credit counseling specialists in Piedmont, AL.
The majority of individuals who could benefit from Piedmont credit counseling have stable work, debts in the neighborhood of at least $3K, and will be able to repay 2.5 percent of their overall debt month after month.
Although credit counseling will not eliminate your debt, it is considerably better for your fico scores than a debt negotiation program.
Debt to Income Ratios: Piedmont (AL)
Lenders want to know how much you make, how much you owe. This is the core of the matter when it comes to debt. The math is easy. Have a look at some numbers based on earnings of $2,414 a month. For residents of Piedmont, this income is average.
- $869 (36%): Ideal
- $893 to $1,014 (37-42%): Decent
- $1,038 to $1,207 (43-50%): Cause for Concern
- $1,207 or higher (50%): Excessive
Piedmont (AL) Debt Management
A very important part of credit counseling is debt management. A DMP is a method of consolidating debt, as your credit card, loan, and other debt payments will be combined into just one payment, but no loans are involved, in contrast to some other methods of debt consolidation in Piedmont, AL.
You will no longer need to converse with your creditors. Your credit counselor will take care of this aspect.
How to Avoid Credit Counseling Scams: Piedmont, AL
So long as you hook up with a good agency, credit counseling can certainly help. Actually, the FTC now demands it for individuals declaring bankruptcy in Alabama and countrywide. But avoid any credit counseling services in Piedmont that claim that they can:
- Eliminate all calls from debt collectors
- Remove unfavorable stuff from your credit report
- Get you out of debt through a new federal government program
- Ensure the removal of unsecured debt
- Prevent creditors from suing you
- Charge you up-front for their services
Bear in mind, being a non-profit isn’t going to necessarily mean that a credit counseling service is reliable, and for profit does not necessarily mean they are disreputable.
While credit counseling won’t lower debt, you’ll save a fortune through decreased interest and fewer fees.
Curious to discover how quickly credit counseling could free you from debt?
Credit Counseling / Debt Management in Piedmont (AL)
- Alabama credit counseling firm? Email us!