Signing up with a reputable Ashland City credit counseling company could be the first step toward financial freedom. Here at Debt Consolidation Tennessee, we help our users find the right remedies for bad credit, excessive debt, and exorbitant rates.
When you starting working with a credit counseling company in Ashland City, TN, you might be able to:
- Combine Your Monthly Payments
- Lower Your APR’s
- Eliminate Collection Agency Calls
- Create a Detailed Monthly Budget
Anyone reviewing a credit application wants to know how much comes in, how much goes out. There are criteria that will show you where you’re at debt wise. Consider several data consistent with an income of $3,434 every month, Ashland City’s average:
- $1,236 (36%): Best
- $1,271 to $1,442 (37-42%): Okay
- $1,477 to $1,717 (43-50%): Cause for Concern
- $1,717 or higher (50%): Critical
Credit Counseling Programs: Ashland City (TN)
Do you have at least $10K of debt or have a DTI of 50% or higher? Then your credit counseling consultant may decide that you need to take part in a debt management plan (DMP). A DMP is a means of consolidating debt, given that your monthly payments will be merged into a single sum, but no loans are needed. This is different from some other approaches to debt consolidation in Ashland City, TN, which use secured loans to repay your credit card balances.
Each month, you will send a set payment to your Ashland City credit counselor, and they will divide up the payments among your creditors.
Ashland City CCCS versus Settlement
Always remember, debt reduction is not an aspect of credit counseling. Sure, a debt settlement would greatly reduce your total credit card debt, it just might ruin your FICO scores.
Defending Yourself Against Credit Counseling Shams: Ashland City, TN
Assuming that you work with a good firm, credit counseling can be a life-saver. Actually, the FTC now demands it for those who want to file bankruptcy in Tennessee and across the country, but here is how to be sure that your Ashland City credit counseling company is highly regarded:
- Request testimonials
- Look at their accreditation
- Check that your counselor is credentialed
For additional information, look at this FTC write-up on the subject.
Please don’t be satisfied with a credit counselor that you can’t count on. We want to assist you in finding the right Ashland City credit counseling professional.
It is difficult to tell exactly how much you will save. However, your credit counseling company usually can make a deal for cheaper APR’s and service fees.
Credit counseling helps save time and expense. Discover more today.
Paying For Credit Counseling in Ashland City, TN
The counseling component of credit counseling should be complimentary, however some counselors ask for voluntary contributions. How much does a debt management plan cost you? Normally $25-30 per month, on top of a setup fee of around $90. With regards to your debt payments, you’ll generally be required to make a payment of 2.1 to 2.5% each and every month to your credit counseling company.
Credit Counseling / Debt Counseling: Ashland City (TN)
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