AR Debt Relief

Credit Counseling: Summerland Key (FL)

How wonderful would it be if you could minimize your credit card rates and debt collection calls?

We can get you in contact with a credit counseling expert based on where you live, how much debt you have, and other factors. Just imagine. You could be on the road to financial freedom in no time. Start now!

>> Get a Credit Counseling Quote!

Ideal individuals have stable income, unsecured debts in excess of $3K, and have contemplated bankruptcy.

With credit counseling, you will pay back everything you owe on your balances, plus interest, which ends up being healthier for your fico scores in the long term than debt settlement.

>> Get a Free Obligation Debt Quote!

Debt to Income Ratio: Summerland Key, FL

Credit Counseling Summerland Key FL

How much you make, how much you owe? There are benchmarks that will reveal where you’re at debt wise.

Wages DTI Debts Severity
$3,991 Less than 36% $1,437 or less Best
$3,991 36%-43% $1,437-$1,716 Fine
$3,991 43%-50% $1,716-$1,996 Problematic
$3,991 50% Plus $1,996 or More SEVERE!

Debt Counseling Plans: Summerland Key (FL)

Say you’re shelling out $1,996 every month and you only make $3,991. Then your credit counseling professional could very well recommend that you sign up for a debt management plan or DMP. As part of a DMP, your Summerland Key FL credit counseling agency may able to negotiate reduced interest levels and better terms from your credit card companies.

With any debt management program in Summerland Key, FL, your credit counselor will carry out paying your creditors every month. All you’ll have to do is provide them with just one monthly payment.

Credit counseling and debt management should not hurt your credit scores in the end, as Fair Isaac does not take note of such programs when they calculate your ratings. But unfortunately, lenders may be unable to grant you a new car or home loan when you’re signed up for a DMP in Summerland Key, FL to eliminate the debts you owe.

Choosing a Credit Counseling Agency in Summerland Key, FL

Credit Counseling Summerland Key FL

By and large, credit counseling has been vetted by the Federal Trade Commission and other governmental bodies, but watch out for any credit counseling companies in Summerland Key that declare they will:

  • Stop all collections calls
  • Get you out of debt through some federal program
  • Guarantee the removal of unsecured debt
  • Prevent credit card issuers from taking legal action against you
  • Bill you ahead of time for their assistance

For more information, read this FTC write-up on picking a credit counselor. If you get in touch for a cost-free evaluation, you can be more confident that you’ll be matched up with one of the more proven debt management agencies your area.

If your creditors agree to accept your Summerland Key credit counseling agency’s DMP, you will benefit from more affordable rates, penalties, and lower monthly payments.

To learn what amount you could save, you need to chat with an experienced Summerland Key credit counselor – right now!

>> Zero Cost Savings Quote

Debt and Credit Counseling Agencies: Summerland Key, FL

  • Florida Credit Counseling Company? Contact us!