Credit Counseling: Tuscaloosa (AL)

AL Debt Relief

Credit Counseling Tuscaloosa AL If you feel as if things have gone awry financially, there is help. Credit counseling is a very affordable way of scaling back your debt payments that has less risk of hurting your credit rating in the long run.

Credit Counseling in Tuscaloosa AL

Credit counseling organizations have flat fees each month. As a result, the pricing is normally very reasonably-priced, from $0-40 each month.

>> Get a No Cost Credit Counseling Evaluation!

Do I Need Debt Counseling in Tuscaloosa, AL?

How much comes in in comparison to how much goes out. This is the most crucial factor. There are standards that will reveal what sort of financial condition you’ve gotten yourself into. Listed below are a few stats based around an income of $14,353 per year. That’s the average in Tuscaloosa.

  • $431 (36%): Optimal
  • $431 to $514 (36-43%): OK
  • $514 to $598 (43-50%): Risky
  • $598 or higher (50%): Excessive

Tuscaloosa (AL) Debt Management Programs

Debt Counseling Tuscaloosa AL

Debt management is often linked with with credit counseling. With a debt management plan, your Tuscaloosa AL credit counselor may able to get you more affordable APR’s and fees from your creditors. The only thing you’ve got to do is mail just one payment to your Tuscaloosa credit counseling agency, and they’ll disburse the payments among each of your creditors.

Settlement versus Management in Tuscaloosa, AL

Don’t forget, no debt is pardoned when it comes to credit counseling. While a debt settlement would help reduce the amount you’ve got to cover, it could ruin your credit score.

Defending Yourself Against Credit Counseling Ripoffs: Tuscaloosa, AL

Provided that you are dealing with an established agency, credit counseling can be extremely valuable. Actually, the FTC now requires it for people who want to file bankruptcy not just in Alabama, but nationwide, but beware of any credit counseling sites in Tuscaloosa that declare that they are able to:

  • Eliminate all calls from collection agencies
  • Reduce collateralled debt, for instance car loans
  • Get you out of debt by means of some federal program
  • Impose a fee up-front for their products and services

For more information, check out this FTC guide on the topic.

Credit counseling saves you money thanks to the fact that the card issuers generally agree to lower monthly payments, rates, and late fees. Want to determine how soon credit counseling could help you clear your debt?

Pricing Credit Counseling: Tuscaloosa, AL

Credit Counseling Tuscaloosa AL

Credit counseling itself is ordinarily provided complimentary, but Tuscaloosa debt management plans usually are not.

Debt management programs in Tuscaloosa are quite affordable. They ordinarily cost $25-$35 on a monthly basis, and the price is rolled into your monthly payment. How much will your monthly payments be? That depends on your debt. Usually 2.5% of your total debt.

The following is an outline of how much you may be required to pay, based on various levels of personal debt.

Debt 2.1% 2.5%
$5000 $105 $125
$10,000 $210 $250
$20,000 $420 $500
$25,000 $525 $625
$50,000 $1050 $1250
$60,000 $1260 $1500
$75,000 $1575 $1875
$100,000 $2100 $2500

Consumer Bankruptcy Counseling in Tuscaloosa (AL)

Of the 98,675 people who live in Tuscaloosa, we estimate that 629 have found it necessary go into bankruptcy. Before filing bankruptcy, you need to attend an accredited credit counseling program and acquire a certificate to be presented during your bankruptcy case.

You can complete the program in person, by telephone, or over the internet, as long as you receive the required certificate

You will find that some programs are approved, some aren’t.

For an approved list of approved Alabama credit counseling programs, click this link. Alternatively, you can get hold of a qualified debt advisor:

Bankruptcy Credit Counseling in Tuscaloosa AL

Non-Profit Credit Counseling Services in Tuscaloosa (AL)

The National Credit Counseling Foundation, or NCFF, is the largest network of non profit credit counseling organizations in Alabama, and their members are typically called CCCS, or the Consumer Credit Counseling Service. In Tuscaloosa, Alabama, a Consumer Credit Counseling Service will generally be:

  • Non Profit
  • An NFCC Member
  • Accredited by The COA
  • Member of the BBB

In most cases a CCCS agency will supply much more than just credit counseling. They will also provide Tuscaloosa bankruptcy counseling, financial classes, and housing counseling.

To find the CCCS office nearest to Tuscaloosa, AL, research the list of services on our site or try the NCFF locator service:

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Debt and Credit Counseling Agencies: Tuscaloosa (AL)

  • Consumer Credit Counseling Service Of Alabama Inc, 2316 University Blvd, 35401
  • Camron Law, 2330 University Blvd, #314, 35401
  • Express Financial Services Inc, 2301 15th St, 35401
  • Family Counseling Service of Tuscaloosa County, 2020 Paul W Bryant Dr, 35401
  • Graham, G Veronica Owner – G & K Judgment Recovery, , 00923