If you’re attempting to find an established credit counseling firm in Defuniak Springs, FL, you are not alone. About 712 people in Defuniak Springs are thought to be past due on their debt payments. First off, let’s figure out how much credit counseling can save you.
The majority of individuals interested in Defuniak Springs credit counseling have stable income, unsecured debt in excess of $3K, and have considered bankruptcy.
Just remember, credit counseling involves the full payment of your debt. Even so, it will look a lot better to potential creditors than debt settlement.
There are 19,313 people who live in Defuniak Springs, FL, and we have calculated that 712 may need credit counseling.
Evaluating Your Monthly Debt: Defuniak Springs (FL)
The average income for residents of Defuniak Springs is $14,618 per annum, or $1,218 each month. You need to speak to a credit counselor if you earn this much and find you are spending $524-$609 monthly on debts that are secured or unsecured, for example rent, mortgage, loans, and credit cards.
Do you owe more than $10,000 of debt or have monthly payments related to rent, loans, or credit cards that amount to 50% what you make each month? Then your credit counselor may well decide that you need to take part in a debt management plan (DMP). Why should you consider a debt management plan? Well, you may take advantage of:
- Reduced APR’s
- Fewer Debt Collection Telephone Calls
- Single Payment On a Monthly Basis
- Faster Way out of Debt
You will send just a single check to your Defuniak Springs credit counselor. They will send the appropriate percentages to your creditors.
Avoiding Credit Counseling Ripoffs: Defuniak Springs, FL
As an industry, credit counseling has been vetted by the Federal Trade Commission (FTC) and other state and federal regulators, but trustworthy credit counseling firms will typically grant you:
- 45 to 60 Minutes of Basic Advisement
- No Fees Upfront
- A Custom-Made List of Action Items
- Accreditation Credentials
To learn more, check out this FTC post on the subject. Don’t settle for a credit counselor you can’t trust. Why don’t we help you find an experienced Defuniak Springs credit counseling firm.
A lot of people incorrectly assume that credit counseling is pointless given that it does not slash the debt you owe, but they don’t understand that a DMP could lower your rates of interest – a solid way to cut costs.
To find out just how much a DMP could save you, you need to speak with a highly trained credit counselor in Defuniak Springs, FL – today!
Debt management plans in Defuniak Springs are very inexpensive: $25-$3 a month, and the fee is built into the amount you pay each month. Under a debt management plan, the money you set aside each month to paying back your debt is commonly equivalent to the minimum payment on your credit cards (usually 2.5%). Here is a top level view of how much we’re talking about, based on differing stages of unsecured debt.
- $10,000 Debt: $210 to $250
- $15,000 Debt: $315 to $375
- $35,000 Debt: $735 to $875
- $40,000 Debt: $840 to $1000
- $50,000 Debt: $1050 to $1250
- $60,000 Debt: $1260 to $1500
- $100,000 Debt: $2100 to $2500
Consumer Credit Counseling Services in Defuniak Springs (FL)
Florida’s largest nonprofit credit counseling service is the NFCC. Their network is labeled CCCS, or Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Defuniak Springs, FL, will usually be a local not for profit organization which carries the NFCC seal. In most cases a CCCS firm will provide not only non profit credit counseling, but also:
- Bankruptcy Counseling
- Home Assistance
- Credit Report Reviews
- Financial Classes
Remember that non profit credit counseling in Defuniak Springs, FL, doesn’t mean free. Expect to fork out approximately no more than $50 per month.
To find the closest CCCS agency in Defuniak Springs, FL, please reference the listing of services on our site. On the other hand, you can browse the National Foundation for Credit Counseling homepage.
Credit Counseling / Debt Management in Defuniak Springs (FL)
- Florida Credit Counseling Company? Contact us!