For anyone who is thinking about Lighthouse Point debt consolidation assistance, you have to come to the right place.
Debt consolidation may be used to describe two different methods of debt relief:
- Consolidating debt into a DMP (Debt Management Plan).
- Consolidating debt with a new loan.
Want to get out of debt? Locate a debt consolidation service in Lighthouse Point, FL. Online!
Debt Management Plans in Lighthouse Point, FL
Do you want to get rid of debt in less time, with lower annual percentage rates and penalties or fees? Then you should probably sign up for a debt management plan. This DMP provides a lot of advantages:
- Only One Payment Per Month
- Cheaper Interest Levels
- Less Penalties
If you are looking for a debt consolidation program in Lighthouse Point, FL, this is among the cheapest solutions.
Lighthouse Point (FL) Debt Consolidation Loans
The aim of debt consolidation loans is straightforward: loans from a conventional lender typically carry lower rates than credit cards.
The plethora of payments you were mailing to various creditors will be consolidated into one single payment each month – your loan payment. Needless to say, you’ll need fantastic credit to get this kind of loan. Also, it will not allow you to get out of debt any sooner. In fact, it may take longer. Have you been wondering if a debt consolidation loan is a good idea?
Consolidating Payday Loans: Lighthouse Point (FL)
Many Lighthouse Point borrowers are trying to pay back payday loans to an array of loan providers. Of the 52,892 residents of Lighthouse Point, it’s estimated that 2,750 end up with one or more payday loan every year. Lamentably, something like 2,090 of these borrowers are re-borrowing on the original principal. That’s simply staggering, isn’t it? It’s upwards of 75%! Thank goodness, we can connect you with Lighthouse Point FL payday loan consolidation agencies who can help you consolidate your payday loans with one single payment amount, manage calls from lenders, and minimize the excessively high interest rates on these kinds of loans.
Want to discover more about payday lending policies in Florida? Check this page Florida payday loan laws and regulations.
Debt Analysis: Lighthouse Point, FL
In a perfect world, around 30% of your income will be devoted to paying down what you owe. These debts include things like both secured and unsecured debts:
- Credit Cards
- Automobile, Student, and Payday Loans
- Rent or Mortgage Payments
Let’s consider how this works for a typical resident of Lighthouse Point, FL:
- Income Annually: $18,170
- Income Each Month: $1,514
- Ideal Debt Load: $545
- Severe Debt Load: $757
Just how many folks need to reduce their credit card debt in Lighthouse Point, FL? We believe that 4,433 of Lighthouse Point’s 52,892 residents are looking for a debt relief solution of some form or another.
Debt Consolidation Companies: Lighthouse Point, FL
- Florida Debt Consolidation Company? Contact us!