At Florida Debt Consolidation, we make it easier to consolidate all your credit card and/or payday loan debt into a single payment each month. Some programs involve a debt consolidation loan, and others don’t. In each case, you should only have to make one payment per month. Can’t wait to get out of credit card debt? Locate a debt consolidation consultant in Ocoee, FL. Online!
Debt Management Plans (DMP) in Ocoee (FL)
In most cases, debt consolidation in Ocoee, FL, means managing debt through a credit card consolidation program. A DMP has many advantages:
- One Single Payment Per Month
- Reduced Interest Rates
- Waived Late Fees
Also, this is one of the most economical ways to consolidate credit and payday loan debt in Ocoee, FL.
Ocoee, FL Debt Consolidation Loans
If you decide to obtain a debt consolidation loan in Ocoee, FL, you’ll use the funds to pay down your existing debts. You will still have to repay the borrowed funds, of course, but the APR may be better.
As opposed to sending payments to a multitude of credit card companies each month, you will only need to worry about your monthly debt consolidation loan payment.
Lots of consumers try to pay down they debts they’ve accrued with a home equity loan, seeing as there are tax benefits. But keep in mind, since this kind of loan is secured against your own home, the bank or financial institution could end up getting your home if you are delinquent on your payments.
Speak to a debt consolidation consultant in Ocoee, FL, to determine which option is best for you.
Consolidating Payday Loans in Ocoee (FL)
The inflated interest rates attached to payday loans in Ocoee, FL, mean that payday debt climbs quickly. Of the 27,815 people in Ocoee, we estimate that 1,446 get at least one cash advance each year. Unfortunately, around 1,099 of these individuals wind up getting at least one more payday loan. That’s shocking. It’s upwards of 75%! On the plus side, we can connect you with Ocoee FL payday loan consolidation companies that can help you:
- Combine two or more payday advances.
- Ease ridiculous payday loan interest.
- Create a budget for payment.
- Take collect agency phone calls.
Do you want to read additional information on payday lending guidelines in Florida? Click on this link cash advance laws in FL.
Do You Need Credit Card Consolidation?
Ideally, only 33% of your income will be allocated toward repaying what you owe. These debts incorporate credit card bills, loans, and rent/mortgage payments. Let’s say you make $4,257 monthly, which is about average average for someone who lives in Ocoee, then, ideally, you would spend less than $1,533 monthly. Lamentably, many Ocoee residents are in substantial debt, classified as debt-to-income ratios of 50% or more. They’re shelling out more than $2,129 per month!
You are not the only one fighting to get free from debt. In fact, we have been able to conclude that 2,331 of Ocoee’s 27,815 residents need a debt relief solution of some kind or another.
Payday Loan and Credit Card Consolidation Agencies in Ocoee (FL)
- Florida Debt Consolidation Company? Contact us!