Debt Relief

Credit Counseling: Soddy Daisy (TN)

If it feels as though things have gone askew monetarily, don’t panic.

We can place you in touch with a debt relief consultant who can give a free debt analysis and recommended plan of action.

More often than not, debt management and credit counseling organizations are in effect compensated by your lenders, which means the pricing is ordinarily very reasonable, from $0-30 a month.

>> Get Your No Obligation Credit Consultation – Online!

Debt to Income Ratios in Soddy Daisy, TN

Your ratio of debt to income, aka DTI, helps to evaluate how badly you’re in need of credit counseling.

Income DTI Debts Level
$1,733 Less than 36% $624 or less Ideal
$1,733 37%-42% $641-$728 Decent
$1,733 43%-50% $745-$867 Problematic
$1,733 50% Plus $884 or More Contact a Professional!

Debt Management in Soddy Daisy, TN

Say you’re paying out $867 on a monthly basis and you only earn $1,733. Then your credit counselor will probably advise you to enroll in a debt management program (DMP). A DMP is a way of consolidating debt, as your monthly payments will be merged into one monthly amount. However, no loan is involved, unlike some other methods of debt consolidation in Soddy Daisy, TN.

You’ll send one single payment to your Soddy Daisy credit counselor, and they’ll mail the correct portions to each of your creditors.

How to Avoid Credit Counseling Shams: Soddy Daisy, TN

Credit Counseling Soddy Daisy TN

So long as you get an honest agency, credit counseling can be extremely valuable. Actually, the FTC now demands it for individuals who want to file bankruptcy in Tennessee and across the nation, but watch out for any credit counseling firms that claim that they can:

  • Halt all calls from debt collectors
  • Guarantee the elimination of credit card debts
  • Charge you upfront for their products and services

Remember that non profit status does not necessarily mean that a credit counseling service is bonafide.

Credit counseling is intended to help you cut costs in a big way, but the exact amount is determined by a range of factors. Are you ready to find out how much credit counseling in Soddy Daisy, TN, will save you?

Consumer Bankruptcy Counseling: Soddy Daisy, TN

Bankruptcy Counseling Soddy Daisy TN

More and more people in Soddy Daisy have been filing bankruptcy. We estimate that 168 of Soddy Daisy’s 23,312 consumers have found it necessary turn to bankruptcy.

As required by law, you must participate in a pre-bankruptcy Soddy Daisy credit counseling course before you’ll be able to declare bankruptcy. The program must be within half a year of when you file.

Programs can take place:

  • Face To Face
  • By Phone
  • Web-Based

You will find that some firms are approved, some aren’t.

To find approved bankruptcy credit counseling services for Soddy Daisy residents, go here, or you can speak with an experienced credit consultant by filling out this form.

Credit and Debt Counseling Agencies: Soddy Daisy (TN)