- Combine their payments
- Minimize or freeze their interest
- Lower debt collector calls
If you work with us, you may be able to consolidate what you owe under a debt management plan, or DMP. Your Florida debt consolidation service will secure benefits from your creditors, for example more affordable annual percentage rates, fewer charges, and smaller payments per month. Ready to get out of debt? Find a debt consolidation consultant in your part of Florida. It’s free!
Would you like to get rid of debt in fewer months, with less interest and penalties? If so, you might want to sign up for in one of the debt management plans in FL.
This DMP has many benefits:
- Lower Payment Per Month
- Decreased Annual Percentage Rates
- Less Penalty Fees
If you are looking for debt consolidation in Florida, this is one of the cheapest ways to go.
Florida Debt Consolidation Loans (FL)
When you have a good credit record, you can probably obtain a debt consolidation loan to pay off your debt. Rather than posting checks to a multitude of collectors each and every month, you’ll simply be responsible for your monthly payment.
If you have a low credit score, this is usually not the answer, as stellar credit is necessary to get one of these loans with cheap enough rates of interest. In order to consolidate your debt, you should speak to a service that does debt consolidation in FL.
Florida Debt Budgeting
How much unsecured debt are you carrying?
Preferably, no more than 33% of your income will be devoted to paying off what you owe. These debts include credit cards, loans, and rent or home loan repayments. Let’s say you earn $3,312 a month, the average for FL residents, then, ideally, you would spend around $1,192 each month. Of course, lots of Florida residents are in substantial debt, indicated by a debt to income ratio of 50% or more. They’re spending more than $1,689 each month!
Debt load in excess of 50%? Then you really should contact a debt consolidation specialist in your area.
Other Types of FL Debt Relief
- FL Credit Counseling: In the beginning, credit counseling was founded to help credit card providers collect money from consumers who were past due on their repayments. This means most credit counseling companies are inexpensive.
- FL Debt Settlement: When you are trying to get out of debt while avoiding bankruptcy, we can help.
Florida Debt Summary
- Income Monthly: $3,312
- Debt Per Capita: $1,630
- State Debt Rank: 30
- Bankruptcy Rate: 0.50%
- Yearly Bankruptcies: 94,007