Imagine if it were possible to minimize your annual percentage rates and debt collection calls. Credit counseling is an economical way of consolidating your debt payments without negatively affecting your credit score in the long run.
Credit counseling was first intended for credit card issuers to recover money from consumers who were delinquent on their payments. What this means is many credit counseling companies are inexpensive.
How much comes in, how much is going out? There are benchmarks that will show you what kind of financial predicament you’re in. Let’s consider a few stats based on earnings of $23,138 yearly, Rockledge’s average:
- $694 (36%): Optimal
- $713 to $810 (37-42%): OK
- $829 to $964 (43-50%): Cause for Concern
- $964 plus (50%): Extreme
Credit Counseling Plans: Rockledge (FL)
Managing debt is virtually interchangeable with credit counseling. A DMP is a method of debt consolidation, in that the money you owe on a monthly basis is combined into one monthly sum. However, there is no loan needed.
Every month, you will give a pre-specified payment to your Rockledge credit counseling agency, and they will then split up the payments among each of your creditors.
Tips on Avoiding Credit Counseling Scams: Rockledge (FL)
Assuming that you work with an established organization, credit counseling can be extremely valuable. Actually, the Federal Trade Commission now requires it for individuals filing bankruptcy not just in Florida, but nationwide. But avoid any credit counselors in Rockledge that claim that they are able to:
- End all calls from collection agencies
- Remove damaging stuff from your credit file
- Get you out of debt through a new government program
- Stop credit card companies from taking legal action against you
- Bill you ahead of time for their expertise
For more information, look at this FTC write-up on the topic. Don’t work with a credit counselor you can’t put your confidence in. We’ll assist you in finding an experienced Rockledge credit counseling organization.
How Much Could Credit Card Counseling Save You?
It goes without saying, unsecured debt is incredibly hard since the excessive interest levels cause your debt to keep growing. Any reputable credit counselor in Rockledge should be able to get at least some of your credit card companies to slash your interest rates and extra fees, saving you a small fortune long term. A brief assessment of your financial situation is required to supply an accurate savings quote.
Credit Counseling for Bankruptcy: Rockledge (FL)
There are 26,036 people living in Rockledge, FL, and we estimate that 130 have been forced turn to bankruptcy. As of 2005, any individual in Rockledge who wants to declare themselves bankrupt must first receive an official document showing that they signed up for a credit counseling program in Rockledge, FL.
You haven’t got to enroll with one of the credit counseling services in Rockledge, FL to do this. Services are offered online and on the telephone.
You will find that some services are accredited, while plenty are not. For an approved list of approved Florida credit counseling programs, follow this link. Or alternatively, you can speak to a qualified credit advisor:
Non-Profit Credit Counseling Services: Rockledge, FL
The National Credit Counseling Foundation is the premier network of non profit credit counseling agencies in Florida. Network members are generally identified as CCCS, or Consumer Credit Counseling Service. In Rockledge, Florida, a Consumer Credit Counseling Service will generally be a not for profit service which makes use of the NFCC member seal. Normally a CCCS firm will make available much more than just credit counseling. They will have also Rockledge bankruptcy counseling, financial courses, and housing counseling. To find the closest CCCS office in Rockledge, FL, please take a look at the listing of firms on our site or drop by www.DebtAdvice.org.
Debt and Credit Counseling in Rockledge, FL
- Florida Credit Counseling Company? Contact us!