We help you consolidate credit card and/or payday loan debt into one easy payment a month.
For your no cost debt consultation, simply contact us. FL Debt Consolidation can match you with a debt consolidation company in Cocoa, FL, considering:
- Your Balance.
- Where You Live (Cocoa).
- Individual Priorities.
Want to get rid of debt in less time, with more affordable rates and penalties? If so, you might want to enroll in a debt management plan. A DMP has several benefits:
- Just One Payment Per Month
- Lowered Apr’s
- Forgiven Late Charges
What’s more, these kinds of programs are usually rather cheap. Enrolling ought to cost around $70, and the monthly fee will be $25-40.
Debt Consolidation Loans: Cocoa (FL)
As we discussed before, debt consolidation often involves obtaining a loan to pay back your credit lines.
The great number of payments you were juggling for varied collectors will be transformed into one simple payment amount, your loan payment. Of all the available debt relief programs, getting a debt consolidation loan will have the most positive influence on your credit scores, but these kinds of loans can be high-risk. You’re trading one kind of debt for another. If the loan is collateralized by your home’s equity, don’t forget what happens if you can longer make your payments. If haven’t got a house to collateralize the loan, the interest rate will be too expensive. Chat with a debt consolidation consultant to figure out which debt relief approach will be best for you.
Consolidating Payday Loans in Cocoa, FL
Consolidating payday loans in Cocoa, FL, is now nearly as common as consolidating credit card debt. There are 62,220 residents of Cocoa, and it’s estimated that 3,235 get at least one payday advance annually. Sadly, close to 2,459 of these consumers are re-borrowing on the original amount. That’s just staggering, is it not? It’s upwards of 75%! On the plus side, we work with Cocoa FL payday loan consolidation services that can:
- Combine multiple payday advances.
- Trim down exorbitant payday advance interest levels.
- Set up a budget for payment.
- Lower collect agency calls.
Hoping to consolidate your Cocoa payday loans?
Debt Assessment: Cocoa, FL
If at all possible, about 36% of your income will be dedicated to repaying debts. These debts include everything you owe, whether secured or not:
- Credit Cards
- Automobile, Student, and Payday Loans
- Rent or Mortgage Payments
Here’s how this works for a typical individual in Cocoa, FL:
- Annual Income: $21,638
- Monthly Income: $1,803
- Recommended Debt Load: $649
- Severe Debt Load: $902
If your DTI is higher than 50%, you’ll want to contact a debt consolidation specialist in Cocoa, FL.
Consolidation Companies: Cocoa (FL)
- Florida Debt Consolidation Company? Contact us!