If you’re thinking about Athens debt consolidation programs, you have to come to the right place.
Whichever form of debt consolidation you favor, you should only write a check for one payment amount.
Please don’t delay. Learn how much a debt consolidation firm in Athens, TN, will save you.
Debt Management Plans in Athens (TN)
The most popular form of debt consolidation in Athens, TN, will involve working with a firm to manage debt through a credit card consolidation program.
This DMP provides quite a few advantages:
- Only One Monthly Payment
- Decreased Apr’s
- Fewer Late Charges
In addition, these programs are generally quite cheap, only $25-40 monthly.
If you’ve got a good credit rating, you might be able to use a debt consolidation loan to repay what you owe.
Proponents of debt consolidation loans point to a number of viable benefits:
- Reduced Debt Collections Calls
- Lower Rate of Interest
- One Payment Amount
Given that your old debts will be paid in full, your FICO scores shouldn’t drop. If you opt for a loan that is secured by collateral, there may be tax advantages. On the other hand, if you fall past due on such a loan, the lending company could foreclose on your house. To determine if a debt consolidation loan is the right solution, you really need to speak to one of our debt specialists.
Do You Need Debt Consolidation?
If you’d like to consolidate your credit card debt, you must know the amount of debt you owe with respect to your salary.
In a perfect world, your monthly debts ought to comprise about one third of your wages. These debts include everything you owe, whether secured or not:
- Credit Card Accounts
- Auto, College, and Payday Loans
- Home Loan Payments
Let’s say you make $1,336 every month, which is about average average for someone who lives in Athens, then, ideally, you would spend roughly $494 a month. Lamentably, many Athens residents are in serious debt, defined by debt-to-income ratios of 50% or higher. They’re shelling out more than $668 a month!
If your DTI is over 50%, you’ll want to talk to a debt consolidation consultant in your area.
Debt Collectors in Athens, TN
Are you getting calls from collectors on daily basis? If you wish to file a complaint against a collector, you can do so here: FTC Complaint Assistant.
- None listed. Check here for TN debt collectors.
Debt Consolidation Firms: Athens (TN)
- Tennessee debt consolidation company? Contact us for a free listing!