Credit counseling has become a preferred option for Murfreesboro residents dealing with financial troubles, credit issues, or substantial debt.
We work with leading credit counselors and debt management agencies to get you the help you’re looking for.
Credit counseling has quite a few perks, such as:
- Lower Interest Rates
- Quicker Debt Relief
- Only One Monthly Installment
- Minimized Collection Calls
How much is your debt altogether? For those who are having to pay more than half of your earnings every month on rent/mortgage, vehicle/college loans, and credit cards, you’ll want to talk with a credit counselor in Murfreesboro now.
If you are in severe debt, your credit counselor might want you to enroll in a debt management program. Why should you consider a debt management program? Because you may be able to enjoy:
- More Affordable APR’s
- Fewer Debt Collection Agency Calls
- Single Monthly Repayment
- Faster Debt Payback
You’ll send a single check to your Murfreesboro credit counselor, and they will then post the correct sums to your creditors.
Always remember that zero debt is forgiven when it comes to consumer credit counseling. Sure, a debt settlement would lessen the amount you owe, it could destroy your credit score.
Finding a Credit Counseling Firm: Murfreesboro, TN
Assuming that you hook up with an established firm, credit counseling can be a life-saver. For that matter, the Federal Trade Commission now demands it for people filing bankruptcy in Tennessee and countrywide. All the same, beware of any credit counselors that say that they will:
- End all calls from debt collectors
- Promise the elimination of credit card debts
- Stop creditors from suing you
- Bill you in advance for their expertise
For more information, check out this FTC write-up on how to pick a credit counselor.
A lot of folks erroneously reckon that credit counseling is ineffective since it doesn’t decrease your overall debt, but they don’t understand that a debt management program should help reduce your APR – a powerful way to reduce costs. Let a seasoned credit agent take a look at your finances and provide you with a savings estimate.
The Cost of Credit Counseling: Murfreesboro, TN
Signing up for a DMP should not exceed $100, and the monthly fees should be less than $40.
If you can afford to pay off 2.5% of what you owe month after month, you could be debt free in approximately 40 months, but only if your credit counselor is able to freeze your interest. If he can’t, it’ll take significantly more time.
The following is an overview of how much this is, given different amounts of credit card debt.
Debt Management and Credit Counseling: Murfreesboro, TN
- Consumer Credit Counseling Service Of Middle Tennessee, 201 E Main St, 37130