If you’ve been finding it hard to pay back the money you owe, consolidating your credit lines and non-secured debt into one single payment amount might help.
To talk with a debt consolidation consultant, please contact us. FL Debt Consolidation can connect you with a debt consolidation company in Deland, FL, based on where you live, how much you owe, and additional variables.
In most cases, Deland residents choose to combine their credit card and/or payday loan debts under a debt management plan.
These programs make it easier to pay everything you owe with one easy payment per month, as well as lower rates, monthly payments, and penalty fees. Normally your creditor begins providing these benefits after you make three consecutive monthly payments. If you’re looking for a credit card consolidation company in Deland, FL, this is one of the most affordable ways to go.
Deland (FL) Debt Consolidation Loans
The logic behind any Deland debt consolidation loan is straightforward: unsecured bank loans and home equity loans usually come with more affordable rates than what you’re forking over to your credit card companies.
If you get a debt consolidation loan in Deland, FL, you should benefit from reduced payments and a lot fewer calls from collections companies, as your previous debts will have been paid back.
Many people try and pay off what they owe with home equity loans, as there are tax advantages to doing so. Then again, because this type of loan is secured against your house, the bank or financial institution could foreclose on your home if you go into default on your payments.
Is a debt consolidation loan right for you?
Consolidating Payday Loans in Deland, FL
Payday loans have been becoming more prevalent as a result of the credit crunch. There are 52,478 residents of Deland, and it’s estimated that 2,729 apply for and receive at least one payday advance annually. Sadly, around 2,074 of these individuals have at least two different payday loans – that’s upwards of 75%! Fortunately, we can connect you with Deland FL payday loan consolidation agencies that can:
- Consolidate a variety of payday loans.
- Scale back excessively high payday advance interest.
- Create a budget for payment.
- Reduce collector calls.
Need to consolidate your payday loans?
When to Consolidate Your Debt
If at all possible, no more than 30% of your income will be allotted to paying off debt. These debts incorporate credit cards, loans, and rent/home loan payments. Let’s consider what this means for the average resident of Deland, FL:
- Income Per Year: $13,380
- Income Monthly: $1,115
- Optimal Debt Load: $401
- Serious Debt Load: $558
Are you carrying more than $10,000 in debt? If that’s the case, you need to seek the advice of a debt consolidation specialist in Deland, FL.
Debt Consolidation Firms: Deland, FL
- A American Credit and Debt Counseling Service, 228 W Howry Ave, 32720
- Consumer Credit Counseling, , 32105