Credit counselors have become a popular alternative for people in Land O Lakes facing financial worries, credit problems, or substantial debt. Do you want to talk to an approved Land O Lakes credit counselor about managing your debt?
Suitable candidates for credit counseling have stable income, existing debt of more than $5,000, and can pay off 2.5 percent of their overall debt month after month.
There’s no denying that credit counseling won’t reduce what you owe. That said, it is far better for your credit rating than a debt negotiation program.
Is your debt to income ratio greater than 50%? If that’s the case, you probably should speak with a credit counselor in Land O Lakes right now. For the average Land O Lakes card-holder who’s got a salary of $18,127 yearly, this is $756 or more monthly.
Debt management plans are often linked with with credit counseling. By enrolling in a DMP, you might take advantage of:
- Lesser Credit Card APR
- Decreased Debt Collection Phone Calls
- One Payment Amount
- Faster Way out of Debt
Your credit counseling service will deal with paying the credit card companies each month. All you’ll have to do is provide them with the agreed payment amount.
Credit counseling typically doesn’t reduce your credit ratings permanently, unlike debt negotiations in Land O Lakes, FL; that said, banks may be unable to approve you for a new car or home loan if you are actively enrolled with a credit counseling firm in Land O Lakes, FL to get out of debt.
Settling on a Credit Counseling Service in Land O Lakes (FL)
Overall, credit counseling and debt management plans have been recognized by the FTC and other federal authorities, but it is important to ensure that any credit counselor, is of good standing. You can do this in a number of ways, including verifying their testimonials, checking their accreditation status, and reviewing their BBB page.
Bear in mind, being a not-for-profit does not necessarily mean that a credit counseling firm is respectable.
Please don’t settle for a credit counselor you can’t put your trust in. Why don’t we help you find a good Land O Lakes credit counseling professional.
How Much Will Credit Counseling Help You Save?
A lot of folks erroneously assume that credit counseling is pointless since it does not decrease your overall debt, but they forget that a DMP ought to decrease your interest levels, which is a solid way to cut costs. Let a qualified credit specialist have a look at your finances and show you how much you could save.
Paying For Credit Counseling in Land O Lakes, FL
The counseling portion of credit counseling should be complimentary.
Participating in a DMP should not cost more than $100, and the monthly fees should be only $40.
How much will your payments be? That depends on your debt. Typically 2.5% of how much you owe.
Non-Profit Credit Counseling Service: Land O Lakes, FL
Consumer Credit Counseling Service, often referred to as CCCS, may provide not for profit credit counseling for local individuals. A Consumer Credit Counseling Service in Land O Lakes, FL, will normally be:
- Non Profit
- An NFCC Affiliate
- Qualified by the HUD (Department of Housing and Urban Development)
- Approved by The COA (Council on Accreditation)
- BBB Member
More often than not a CCCS firm will provide Land O Lakes bankruptcy counseling, money management seminars, and housing counseling.
To find the CCCS agency that’s closest to Land O Lakes, FL, check the listing of firms on our site. If you don’t see any, you can take a look at www.DebtAdvice.org.
Credit Counseling / Debt Counseling in Land O Lakes (FL)
- Florida Credit Counseling Company? Contact us!