Have you got bad credit? In that case, working with a registered credit counselor in Brentwood might be the answer. Are you ready to consult an approved Brentwood credit counseling firm about managing your debt?
Most suitable individuals for credit counseling have the following:
- Debts of at Least $3,0000
- Steady Income
- Legitimate Desire to Be Debt-Free
Do not forget, credit counseling won’t eliminate what you owe; however, it is healthier for your credit scores than debt negotiations.
Your debt to income ratio helps to confirm if you need credit counseling. Listed below are a few numbers based on an income of $47,295 each year, the average in Brentwood:
- $1,419 (36%): Perfect
- $1,458 to $1,655 (37-42%): Decent
- $1,695 to $1,971 (43-50%): Too High
- $1,971 or higher (50%): Excessive
Debt Management: Brentwood (TN)
Do you owe more than $10,000 in medical or credit card debt or have a debt-to-income ratio of 50% or higher? Then you might need to enter a DMP, or debt management plan. If you take part in a debt management plan, you may enjoy:
- Discounted APR’s
- Reduced Debt Collection Agency Calls
- Single Payment Per Month
- Quicker Way out of Debt
You’ll write a single check every month to your Brentwood credit counselor, and they’ll allot the money among your creditors.
Keep in mind, credit counseling programs can help you pay back your debts in less time and at a decreased APR. However, you still will repay your total debt and interest. Debt settlement may enable you to pay off just 40-80% of what you owe; however, it can kill your credit.
Defending Yourself Against Credit Counseling Shams: Brentwood, TN
If you hook up with a good company, credit counseling can be extremely valuable. In fact, the FTC now requires it for individuals declaring bankruptcy. But keep away from any credit counselors that declare they can:
- End all calls from collectors
- Guarantee the removal of unsecured debts
- Prevent credit card issuers from suing you
- Bill you up-front for their solutions
Just remember, not for profit status does not guarantee that a credit counseling agency is honest.
No need to choose a credit counselor you can’t trust. Let us help you find the right Brentwood credit counseling professional.
It is not easy to say just how much you will save. Thank goodness, your creditors may waive fees and lessen interest rates under a DMP. Want to discover how much credit counseling in Brentwood, TN, could save you?
Debt management plans in Brentwood are very affordable: $25-$3 a month, and the price is included in your monthly payment. Under a DMP, the money you spend each month paying off what you owe will likely be the same as your minimum credit card payment (usually 2.5%).
Credit Counseling and Bankruptcy in Brentwood (TN)
More and more Brentwood residents have been thinking about bankruptcy. Of the 35,747 people who live in Brentwood, we estimate that 257 have had to resort to bankruptcy. Before filing bankruptcy, you will be required to finish an accredited credit counseling program and acquire a certificate that must be presented in court. You aren’t required to go to one of the credit counseling agencies in Brentwood, TN for this. Bankruptcy credit counseling services for Brentwood locals are available on the internet and by telephone.
Ordinarily, you are required to take part in a credit counseling program post bankruptcy as well.
Debt and Credit Counseling: Brentwood, TN
- Dun & Bradstreet – Credit Services, 205 Powell Pl, 37027
- Financial Peace University, 783 Old Hickory Blvd, 37027
- Loyalty Group Llc, 750 Old Hickory Blvd, 37027
- Summitt Group, 9005 Overlook Blvd, 37027