If you are researching a professional credit counseling agency in Saint Johns, FL, you are not alone. More than 5,419 Saint Johns residents have below-average credit or substantial debt. Here at Florida Debt Consolidation, we help Florida consumers become debt free.
Most consumers in need of Saint Johns credit counseling have stable income, debts of over $10K, and the desire to get out of debt.
Credit counseling has you pay back everything you owe on your credit cards, including interest, which is more beneficial for your fico scores over the long haul.
Evaluating Your Debt: Saint Johns, FL
How much do you owe overall? If you find yourself forking out more than half of your income every month on rent/mortgage, loans, and credit cards, you really should get a savings quote as soon as possible.
Have you got at least $10,000 of unsecured debt or have a debt-to-income ratio of 50% or higher? You might need to register for a debt management plan (DMP). A DMP is a method of debt consolidation, because your credit card, loan, and other debt payments is condensed into just one sum, but no loan is needed. You won’t have to talk to your creditors; your credit counselor will take care of this aspect.
Most debt management programs endeavor to have debt free 3 to 5 years. Your credit score should not decrease, but it usually is tough to take on new credit lines. On the other hand, if you were to opt for a debt settlement program, your credit rating would probably be seriously harmed. Though a Saint Johns debt consolidation loan may prevent your credit rating from plunging, this form of debt relief perilous. Not surprisingly, being delinquent on your payments could allow your loan service to come after the property you used to secure the loan, typically your home.
Finding a Credit Counseling Firm in Saint Johns (FL)
As a program, credit counseling and debt management plans have been recognized by the Federal Trade Commission and other governmental bodies, but you should make sure that your credit counseling firm is legitimate. This can be done in several ways, including reading their testimonials, looking at whether they’re accredited in Florida, and viewing their Better Business Bureau page.
For additional information, read this FTC report on the topic.
If you call us today for a cost-free assessment, you can be more certain that you’ll be connected with one of the most reputable debt management companies in Saint Johns, FL.
How Much Will Credit Card Counseling Help Save?
Everything you owe must be paid in full. Luckily, your monthly payments should be smaller thanks to savings in interest rates and fees. Credit counseling will save you time and cash. Discover more today.
Credit counseling is typically offered free of charge, but Saint Johns debt management plans are not. Enrollment in a DMP should not exceed $75, and the monthly fees ought to be only $40.
How much will your payments be? That will depend on how much you owe. Generally 2.5% of your total debt. Below is a breakdown of how much this amounts to, based on various amounts of unsecured debt.
Debt Management and Credit Counseling Agencies: Saint Johns (FL)
- Florida Credit Counseling Company? Contact us!