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Credit Counseling: Key West (FL)

Credit Counseling Key West FLAre you looking to get your debts cleared and start rebuilding your credit? Then you’ll want to enlist the services of a credit counseling firm in Key West, FL.

We have partnered with leading credit counselors and debt management companies in Key West to help you get the help you need.

Perfect candidates have consistent work, debt in excess of $5K, and have contemplated bankruptcy.

Please remember that credit counseling doesn’t reduce your total debt; however, it is healthier for your fico scores than debt negotiation.

>> Get Your No Obligation Credit Assessment – Today!

Do I Need Debt Counseling in Key West, FL?

Credit Counseling Key West FL

Your debt to income ratio helps to verify how badly your state of affairs warrants credit counseling.

Income DTI Debts Seriousness
$1,174 Less than 36% $423 or less No Problems
$1,174 37%-42% $434-$493 Decent
$1,174 43%-50% $505-$587 Too High
$1,174 50% Plus $587 or More Contact a Professional!

Credit Card Counseling Plans in Key West (FL)

Debt Counseling Key West FL

An important component of credit counseling is debt management. A debt management program is a form of debt consolidation, as your monthly payments will be condensed into a single payment, but there is no loan necessary. This is different from various other methods of debt consolidation in Key West, FL, which use home equity loans to pay down the money you owe.

Each month, all you’ll have to is submit an agreed sum to your Key West credit counselor, and they will then post the proper percentages to your creditors.

Credit counseling should not have a lasting negative influence on your credit history, as FICO has said they don’t look at such programs when they calculate your scores; still, lenders may be unable to let you have new auto or home loans when you’re currently participating in a debt management program to get rid of debt.

Selecting a Credit Counseling Agency: Key West, FL

Credit Counseling Key West FL

As an industry, credit counseling has been recognized by the Federal Trade Commission (FTC) and other federal bodies, but here’s how to be certain that your Key West credit counseling service is recommended:

  • Inquire about testimonials
  • Examine their BBB
  • Double check that your consultant is qualified

For details, read this FTC write-up on the topic. If you give us a call for a no cost analysis, you can be more certain that you are dealing with one of the more reputable debt management firms in Key West, FL.

Credit Counseling Key West FL

Credit counseling is meant to reduce how much you’re forking out, but the precise amount depends on your finances and creditors

A quick evaluation of your finances is necessary to supply a precise savings quote.

How much does a DMP cost? Usually $25-30 each month, on top of a setup fee of approximately $90.

Most programs will require you to repay 2.5% of what you owe a month.

Credit and Debt Counseling Agencies in Key West (FL)

  • Florida Credit Counseling Company? Contact us!