Have you been using an excessive amount of your income to pay off credit cards, medical bills, or payday loans? If that’s the case, you’ve come to the right place.
We’re able to get you in contact with a credit counseling specialist based on where you live, debt, and personal factors. To get started, sign up for your no obligation assessment. You’ll be on the road to financial freedom in no time.
Mount Juliet (TN) Credit Counseling Fundamentals
Most folks who sign up for credit counseling have the following:
- $3,5000 in Non-Collateralized Debt
- Steady Income
Down the road, credit counseling does far less harm to your credit rating than debt settlement because you pay off your creditors completely.
Of Mount Juliet’s 32,480 inhabitants, somewhere around 1,198 are currently past due on their credit card payments.
Do You Need Credit Counseling in Mount Juliet, TN?
Your debt to income ratio helps to assess whether or not your finances warrant credit counseling. Consider some figures based on a salary of $2,451 each month. For Mount Juliet residents, this is an average income.
- $882 (36%): Perfect
- $882 to $1,054 (36-43%): Fine
- $1,054 to $1,226 (43-50%): Risky
- $1,226 or higher (50%): Acute
Debt Counseling Programs in Mount Juliet (TN)
Say you’re having to pay $1,226 on a monthly basis and your income is only $2,451. If that’s the case, your credit counseling professional will probably have you enroll in a debt management plan (DMP). A DMP is a method of consolidating debt, because your credit card, loan, and other debt payments is consolidated into just one sum. However, no loan is required. Simply speaking, your credit counselor will work with your creditors directly.
Tips on Avoiding Credit Counseling Scams: Mount Juliet (TN)
By and large, credit counseling and debt management plans have been checked out by the FTC and other state and federal regulators, but reputable credit counselors in Mount Juliet and throughout the nation typically offer:
- Trained Consultants
- True Testimonials
- Non-Profit Standing
- Straight Replies to Any Questions
- Cost-Free Recommendations
- Individualized Action Plans
Please remember that being a non-profit isn’t going to guarantee that a credit counseling firm is reliable, and vice versa.
Don’t forget, we can help guide you to the appropriate credit counseling or debt management program based on your distinct situation.
It goes without saying, unsecured debt is really challenging since the high interest rates ensure your debt will keep growing. Any good credit counselor in Mount Juliet ought to be able to get at least some of your credit card companies to scale back your interest rates and late fees, saving you big money long term.
Ready to discover how soon credit counseling could free you from debt?
Debt and Credit Counseling Agencies in Mount Juliet (TN)
- Tennessee credit counseling company? Contact us for a free listing!