Debt Relief

Credit Counseling: Newport (TN)

Have you considered enlisting the services of a qualified credit counselor to put together a a strategy for becoming debt free? Then you’ve come to the right place.

We can connect you with a debt specialist who can:

  • Assess Your Finances.
  • Provide You with a Savings Estimate.
  • Suggest the Right Plan of Action.

More often than not, credit counseling agents are basically compensated by whomever you owe money to. As a result, the prices are typically very reasonably priced, even free of charge in some areas.

>> Get a Free Credit Assessment!

How much is your debt in total? For those who are having to pay over half of what you earn each month on rent/mortgage, auto/college loans, and credit cards, you may want to find out how much credit counseling could save you as soon as you possibly can.

Do you have at least $10,000 of credit card debt or have a DTI of 50% or higher? Then your credit counselor may say you need to register for a debt management plan (DMP). A DMP is a way of consolidating debt, given that your payments to creditors is consolidated into one monthly sum. However, no loan is needed.

You’ll send just a single payment to your Newport credit counseling company, and they will then allocate the payments among each of your creditors.

Finding a Credit Counseling Company: Newport, TN

As an industry, credit counseling has been recognized by the FTC and other state and federal regulators. But there are numerous of methods to make sure that your Newport credit counseling organization is reputable:

  • Ask for testimonials
  • Look at their credentials
  • Double check that your consultant is qualified

To find out more, read this FTC report on selecting a credit counselor.

>> Get Your Zero Cost Savings Quote

Credit counseling doesn’t eliminate the original amount you owe, but your credit counseling professional can usually make a deal for cheaper rates of interest and service fees.

Curious to discover how much credit counseling in Newport, TN, could save you?

Credit Counseling Newport TN

How much does a debt management program cost? Typically $25-30 per month, besides an initial fee of about $100.

The majority of programs will have you pay back 2.5% of your overall credit card debt each month. The following is a table that depicts how much this amounts to, given different amounts of unpaid debt.

Debt 2.1% 2.5%
$5000 $105 $125
$25,000 $525 $625
$35,000 $735 $875
$40,000 $840 $1000
$50,000 $1050 $1250
$55,000 $1155 $1375
$60,000 $1260 $1500
$70,000 $1470 $1750
$75,000 $1575 $1875
$80,000 $1680 $2000
$85,000 $1785 $2125
$90,000 $1890 $2250
$95,000 $1995 $2375
$100,000 $2100 $2500

Debt and Credit Counseling: Newport (TN)

  • Farm Credit Services, I-40 417 Exit At Highway 92, 37821
  • Consumer Credit Counseling Service, , 37890