If you’re delinquent on your credit card bills, combining your credit lines into a single payment amount may help.
For your no cost debt consolidation assessment, please call us or fill out our contact form. Tennessee Debt Consolidation can connect you with a debt consolidation consultant according to:
- Your Debt Profile.
- Where You Live (Lewisburg).
- Personal Priorities.
There are as many as 1,580 people in Lewisburg who could benefit from debt consolidation, and most of them would be best served by a debt management plan.
These plans enable you to repay your credit card providers in full through just one payment per month, in addition to decreased interest rates, installments, and penalty fees. In most cases your card companies or payday lenders starts giving you these perks following ninety days of on-time payments. Furthermore, these types of plans are typically rather affordable.
The thinking behind debt consolidation loans is straightforward: loans from a conventional lender normally come with more affordable APR’s than credit cards.
As opposed to submitting payments to a variety of collectors every month, you will only be responsible for your monthly installment. Don’t forget that these types of loans do not supply any of the money management lessons you’d get from debt management in Lewisburg, TN. Is a debt consolidation loan right for you?
How much unsecured debt are you carrying? Preferably, the amount of debt you owe each and every month ought to make up approximately a third of your wages. These debts include both unsecured and secured debts:
- Credit Card Payments
- All Loans
- Home Loan Payments
Let’s say you make $3,061 every month, which is the average in Lewisburg, then, in a perfect world, you would spend no more than $1,133 each month. Sadly, many Lewisburg residents are carrying substantial debt, classified as debt-to-income ratios of more than 50%. That means they are forking over more than $1,531 a month!
Of the 14,364 credit card holders in Lewisburg, 1,580 can hardly afford their minimums month after month. Wouldn’t you like to be debt-free?
Debt Collections Agencies: Lewisburg, TN
- None listed. Check here for TN debt collectors.
Debt Consolidation Providers: Lewisburg (TN)
- Tennessee debt consolidation company? Contact us for a free listing!