If you’re considering Odessa debt consolidation services, let us give you some guidance.
Traditionally, Odessa debt consolidation requires paying off your debt in full. This is normally better for your credit score in the long run than settling with your creditors for a reduced sum (settlement).
To determine which type is right for you, chat with a qualified Odessa debt consolidation professional.
Odessa consumers normally decide to combine their credit card and/or payday loan debts within a debt management plan.
A DMP has quite a few benefits:
- Just One Payment Per Month
- Cheaper Annual Percentage Rates
- Reduced Late Charges
What’s more, these kinds of plans are usually pretty affordable:
- Sign up: no more than $75
- Fee Every Month: $20-50
Odessa (FL) Debt Consolidation Loans
If you’ve got a good credit score, you may be able to obtain a debt consolidation loan to pay off what you owe. The benefits of debt consolidation loans in Odessa, FL, reflect those of debt management programs:
- Fewer Collections Calls
- Less Anxiety
- Decreased Rate of Interest
- One Monthly Payment
Because your past credit card debts will be paid back, your credit ratings should not go down.
If you want to capitalize on a debt consolidation loan, you’ll want to obtain very affordable rates of interest, which means you need awesome credit.
In order to consolidate your debt, you should talk to one of our debt consultants.
Consolidating Payday Loans in Odessa (FL)
Many Odessa borrowers owe payday loans to several loan providers. Of the 13,995 residents of Odessa, approximately 728 get at least one cash advance a year. Lamentably, about 320 of these applicants find themselves past due their cash advances – that is nearly half! Are you overdue on multiple payday cash advances? Fear not, there are Odessa FL payday loan consolidation services who can assist you to consolidate your Odessa payday loans into one single payment per month, handle calls from debt collectors, and scale back the inflated interest charges you can expect from these types of loans.
Hoping to get rid of payday debt?
In a perfect world, around 36% of your income will be allotted to paying down debts. These debts incorporate both secured and unsecured debts:
- Credit Card Accounts
- Car, College, and Payday Loans
- Rent or Home Loans
For example, let’s say you earn $5,928 a month, about average average for someone who lives in Odessa, then, in a perfect world, you would spend no more than $2,134 per month. Of course, many Odessa residents have considerable debt, indicated by a debt to income ratio (DTI) of more than 50%. That means they are forking out more than $2,964 each month!
Just how many folks need debt relief in Odessa, FL? We have calculated that 1,173 of Odessa’s 13,995 residents need debt relief.
Credit Card and Payday Loan Consolidation Providers: Odessa, FL
- R Harris Financial, Incorporated, , 34667