We connect consumers with Lake Wales debt consolidation advisors who enable them to:
- Lower their payments
- Minimize or freeze their interest rates
- Reduce collection agency calls
You’ll find not one but two different types of debt consolidation strategies: some entail loans, but the majority do not. Either way, you’ll need a consistent source of income.
Want to get rid of credit card debt? Get in touch with a debt consolidation company in Lake Wales, FL. Today!
Do you want to pay back your credit card debt faster, with lower annual percentage rates and penalty charges? Then you may want to take part in one of the debt management plans in Lake Wales, FL. A DMP has a lot of advantages:
- Only One Monthly Payment
- Cheaper Apr’s
- Reduced Penalties
Furthermore, DMP’s are one of the most economical ways to consolidate credit and payday loan debt in Lake Wales, FL.
Debt Consolidation Loans: Lake Wales, FL
The reason for debt consolidation loans is straightforward: unsecured loans and home equity loans generally have lower rates of interest than credit cards.
The plethora of payments you were submitting to various collectors will be consolidated into a single payment each month – your loan payment. However, you are simply swapping out unsecured debt for secured debt. Speak with a debt consolidation professional to learn which solution is ideal for you.
Consolidating Payday Loans in Lake Wales (FL)
As a consequence of the economic crisis, more and more Americans have been turning to payday loans. There are 34,439 residents of Lake Wales, and it’s estimated that 1,791 obtain one or more payday loan every year. Lamentably, approximately 788 of these borrowers are becoming delinquent on these payday advances – this is almost half!
Have you found yourself late on one or more cash advance loans? Don’t worry, we can help you find a payday loan consolidation firm in Lake Wales, FL, that will:
- Consolidate two or more payday loans.
- Ease extortionate payday loan rates of interest.
- Establish a plan for repayment.
- Field collect agency telephone calls.
Do you want to know more about payday loan legal guidelines in Florida? For more info, explore this website.
Do You Need Debt Consolidation?
Do you know how much unsecured debt you’re carrying? If at all possible, about 30% of your income will be devoted to paying back debt. Such debts incorporate credit card bills, vehicle/payday loans, and rent or home loan repayments. For instance, say you earn $359 monthly, the average for Lake Wales residents, then, if possible, you would spend roughly $133 per month. Lamentably, many Lake Wales residents have considerable debt, defined by debt-to-income ratios (DTI) of more than 50%. That means they are having to spend more than $183 a month!
Debt load greater than 50%? If so, you need to get in touch with a debt consolidation expert near you.
Debt Consolidation Standards
How do you evaluate if a debt consolidation company in Lake Wales, FL, is legitimate or not? Be wary if they charge fees upfront, don’t divulge fundamental specifics, don’t tell you the savings required for consolidation, or require you to open a bank account from which you can’t withdraw funds without being charged.
You should definitely check into any Lake Wales payday loan debt consolidation firm before enrolling, and to find out more, read this list of articles on the FTC’s site: In Debt?.
Payday Loan and Credit Card Debt Consolidation Programs in Lake Wales (FL)
- Florida Debt Consolidation Company? Contact us!