At Debt Relief Alabama, we connect people in Athens, AL, with debt consolidation consultants whose mission is to:
- Lower their monthly payments
- Bring down their interest rates
- Lower creditor calls
There are not one but two specific types of debt consolidation solutions: some entail getting a loan, but the majority don’t. In each case, you need to have a consistent income source.
Why don’t we find you a good Athens, AL debt consolidation service.
Do you want to get out of debt in fewer months, with less expensive annual percentage rates and fees? Then you may want to enroll in one of the debt management plans in Athens, AL.
Debt management plans, usually provided by a credit counseling agency, allow you to pay your credit card providers fully over time with just one payment per month. The benefits are major: reduced rates, monthly payments, and service fees. Typically your creditor begins providing these perks following 90 days of timely payments. Moreover, this is one of the most affordable methods of consolidating debt in Athens, AL:
- Sign up: no more than $70
- Bill Every Month: $30 to 50
Debt Consolidation Loans in Athens, AL
If you have a good credit record, you can probably use a debt consolidation loan to repay your credit card debt.
Instead of submitting payments to a wide variety of credit card companies on a monthly basis, you’ll be responsible for your monthly installment.
Of course, plenty of industry professionals would agree that credit counseling in Athens is a better alternative.
Chat with a debt consolidation professional to check which debt relief solution will be right for you.
Athens, AL Payday Loans Consolidation
Payday loans have been growing in popularity on account of the financial crisis. Of the 42,320 people in Athens, approximately 2,201 apply for and obtain at least one payday advance each year. Alas, nearly 968 of these individuals can’t pay back their payday loans – this is nearly half!
On the plus side, we can connect you with a payday loan consolidation service in Athens, AL, who can help you consolidate your payday loans with a single payment per month, handle phone calls from collection agencies, and decrease the outrageous interest levels that come with payday loans.
Are you ready to free yourself from payday debt?
Athens Debt Budgeting
Ideally, around 36% of your income will be allocated toward repaying debt. These debts include credit cards, auto/payday loans, and rent/home loan repayments. Why don’t we see how this works for the typical consumer in Athens, AL:
- Yearly Income: $28,943
- Income Per Month: $2,412
- Recommended Debt Load: $868
- Excessive Debt Load: $1,206
If your DTI is greater than 50%, you should talk to a debt consolidation specialist near you.
Avoiding Debt Consolidation Fraud
In accordance with the FTC, any Athens, AL debt consolidation service must:
- Fully describe their pricing structure.
- Tell you how many weeks it will be before they get hold of each lender.
- Explain how much you need to have saved before they’re going to connect with every lender.
- Make clear how their system will impair your credit scores.
Stay away from any debt consolidation companys in Athens, AL, which have a record of disreputable conduct, and to learn more, review the FTC guides in our blogroll.
Credit Card and Payday Debt Consolidation Providers: Athens (AL)
- A American Debt Consolidation, 201 W Green St, 35611