Credit Counseling: Bay Minette (AL)

AL Debt Relief

Credit Counseling Bay Minette AL We make it simpler and easier assess the credit counseling and debt relief programs currently available. Credit counseling, also called debt counseling, is a reasonable approach to lowering your debt payments with less risk of totally wrecking your credit score.

Bay Minette AL Credit Counseling

By working with a credit counseling agency in Bay Minette, AL, you might be able to:

  • Merge Your Monthly Payments
  • Decrease Your Rates of Interest
  • Eliminate Collector Harassment
  • Pay Off Your Debt More Quickly

>> Get Your No Cost Debt Evaluation!

Do You Need Debt Counseling in Bay Minette, AL?

Credit Counseling Bay Minette AL

Your debt to income ratio, aka DTI, helps to gauge whether or not your state of affairs warrants credit counseling.

Wages DTI Debt Seriousness
$2,875 36% $1,035 Recommended
$2,875 43% $1,236 OK
$2,875 50% $1,438 High Alert

Bay Minette (AL) Debt Management Plans

Debt Counseling Bay Minette AL

An important aspect of credit counseling is managing debt. As part of a debt management plan, your Bay Minette AL credit counselor may able to secure lower APR’s and costs from your creditors.

In effect, your credit counselor will handle your creditors directly.

Credit Counseling vs Other Debt Relief Options

Credit Card Counseling Bay Minette AL

Credit counseling and debt management shouldn’t have a long term negative impact on your credit ratings, but lending companies may be unable to say yes to a new auto or home loan when you’re enrolled in a DMP in Bay Minette, AL.

Tips on Avoiding Credit Counseling Shams: Bay Minette (AL)

Credit Counseling Bay Minette AL

As long as you find an established company, credit counseling can really help. Actually, the Federal Trade Commission now demands it for individuals filing bankruptcy not only in Alabama, but across the country, but you need to confirm that any credit counselor, is credible. You can do this in many ways, like verifying their testimonials from others, verifying their certification status, and checking out their Better Business Bureau page.

Bear in mind that nonprofit status isn’t going to necessarily mean that a credit counseling company is reputable, and being for-profit doesn’t mean they’re unethical.

No need to work with a credit counselor that you can’t count on. Let us assist you in finding a good Bay Minette credit counseling specialist.

Credit counseling will not get rid of the existing debt. However, it does result in reduced payments per month by virtue of discounted, even suspended, interest and penalty charges.

Credit counseling helps you save time and expense. Find out more today.

Bay Minette AL Credit Counseling

Credit Counseling Bay Minette AL

More often than not, the counseling side of things is provided for free. Debt management plans are very reasonably priced: $25-3 each month, and the cost is included in the amount you pay each month. How much will your payments be? That depends on your debt. Ordinarily 2.5% of the amount you owe.

Credit Counseling and Debt Management in Bay Minette (AL)

  • Consumer Credit Counseling Service, , 36507