AR Debt Relief

Credit Counseling: Melbourne (FL)

Debt is a major problem for Melbourne residents. Here at Florida Debt Consolidation, we enable our clientele to obtain a free, individualized debt evaluation from an expert with experience helping people get out of debt.

Credit Counseling Melbourne FL

For the most part, folks in need of Melbourne credit counseling have the following:

  • $3.5K in Credit Card Debt
  • Ability to Allocate $250-$300 Toward Monthly Payments
  • Serious Desire to Pay off Their Debt

In the long term, credit counseling does a lot less harm on your credit rating than a debt settlement program because you completely pay down everything you owe.

>> Get a Free Debt Evaluation!

Lenders want to know how much comes in, how much is going out? There are criteria that will tell you where you’re at money wise.

Earnings DTI Debt Seriousness
$2,168 Less than 36% $780 or less Great
$2,168 37%-42% $802-$911 Decent
$2,168 43%-50% $932-$1,084 Problematic
$2,168 50% Plus $1,106 or More Assistance Needed!

Credit Counseling Plans: Melbourne, FL

Debt Counseling Melbourne FL

Do you owe more than $10,000 in unsecured debt or have a DTI of 50% or more? Then your credit counseling specialist may well say that you need to register for a debt management plan (DMP). A debt management program is a type of debt consolidation, because your payments to creditors will be merged into a single payment, but no loan is needed.

You don’t have to talk to your creditors. The credit counselor will take care of this aspect.

Selecting a Credit Counseling Agency in Melbourne (FL)

Credit Counseling Melbourne FL

As a program, credit counseling and debt management plans have been recognized by the FTC and other federal regulators. But watch out for any credit counselors in Melbourne that declare they will:

  • End all debt collector calls
  • Remove adverse stuff from your credit history
  • Impose a fee up-front for their services

Remember, being a non profit does not necessarily mean that a credit counseling program is honest, and vice versa.

>> Find out How Much You Could Save

Credit counseling can reduce how much you’re forking out, but the exact amount will depend on your finances and creditors

Are you ready to determine how much credit counseling in Melbourne, FL, will save you?

>> Free Savings Quote

Fees Charged By Credit Counseling Services in Melbourne, FL

Credit Counseling Melbourne FL

Credit counseling is normally free of charge, but Melbourne debt management plans will not be. Although not without cost, debt management is a low-priced option for a lot of Melbourne residents. There is typically an enrollment fee of no more than $75, along with a fee every month of $25-$30. If you can afford to repay 2.5% of what you owe each and every month, you could be debt free in about 3.5 years, assuming that your credit consultant can freeze your interest rate. With interest, it’s going to require a good bit more time.

Credit and Debt Counseling: Melbourne, FL

  • Access Emortgage Shore Point Financial, 1900 S Harbor City Blvd, #225, 32901
  • Consumer Credit Counseling, 4880 Stack Blvd, 32901