Please don’t accept amateur advice. If you’re in debt, make sure you chat with an expert. At Florida Debt Consolidation, we help our clients discover the debt relief and credit counseling programs in Dania, FL that meet their needs.
Suitable candidates have these characteristics:
- $3.5K in Non-Secured Debts
- Ability to Allocate $250-$300 Toward Monthly Payments
- Legitimate Dedication to Be Free From Debt
Although credit counseling depends on the full payment of your debt, it looks far better to potential lending institutions than debt negotiations.
Evaluating Your Debt
The average income for residents of Dania is $36,020 annually, or $3,002 per month. You need to contact a credit counselor if you make this much and find you are spending $1,291 to $1,501 a month on debts that are secured or unsecured, for example:
- Bank Cards
- All Loans, including Car, Cash Advance, Home
What if you’re paying out $1,501 every month, but you only earn $3,002? If that’s the case, your credit counselor might want you to take part in a debt management plan. If you participate in a debt management plan, you might be able to enjoy:
- Decreased Rates
- Decreased Debt Collection Agency Calls
- Consolidated Monthly Payment
- Swifter Debt Payoff
You will write a single check per month to your Dania credit counselor, and they will then allot the payments among each of your creditors.
Typically, debt management programs hope to have your debts paid back in under 5 years, oftentimes less. Your credit rankings shouldn’t go down, but it usually is tricky to take on new personal lines of credit, for example a home or car loan. However, if you were to settle what you owe for a lower amount through Dania debt negotations, your credit scores would probably be significantly impaired.
Finding a Credit Counseling Company: Dania, FL
Assuming that you work with an honest agency, credit counseling can be truly beneficial. For that matter, the FTC now requires it for those declaring bankruptcy. But it is important to make sure that your credit counseling organization is trustworthy. This can be done in various ways, for example reading their testimonials, looking at whether they’re authorized in Florida, and looking at their Better Business Bureau reviews.
Keep in mind that nonprofit status isn’t going to necessarily mean that a credit counseling organization is honest, and for profit doesn’t mean they’re unethical.
Credit counseling doesn’t get rid of the existing amount you owe. However, you may not need to pay as much on a monthly basis as you had been paying, if your creditors accept the terms of your DMP.
To determine just how much you could save, you need to speak to a skilled Dania credit counselor – right now!
Bankruptcy Counseling in Dania, FL
The economic crisis ended up being a problem for everyone, and bankruptcies are way up in Dania and across Florida. It’s estimated that 301 of Dania’s 60,216 residents have filed for bankruptcy.
Credit counseling is now compulsory prior to declaring bankruptcy.
The process can take place:
- In Person
- By Telephone
You will find that some programs are able to provide this service, while quite a few are not.
Debt and Credit Counseling: Dania, FL
- Florida Credit Counseling Company? Contact us!