We can help you consolidate your debts into one payment per month.
The phrase debt consolidation may be used in relation to two completely different forms of consolidating debt:
- Debt Management Plans (DMP)
- Debt Consolidation Loans
We can quickly find you a respected Port Saint Lucie, FL debt consolidation agency.
Port Saint Lucie (FL) Debt Management Programs
When it comes to debt consolidation, Port Saint Lucie consumers often choose to combine their credit card and/or payday loan debts within a debt management plan. This DMP has a lot of benefits:
- Single Payment Per Month
- Decreased Rate Of Interest
- Reduced Penalty Fees
If you are looking for a debt consolidation agency in Port Saint Lucie, FL, this is one of the most affordable options:
- Sign up: no more than $75
- Monthly Fee: $25 to 40
Port Saint Lucie, FL Debt Consolidation Loans
If you have favorable credit, you should be able to obtain a debt consolidation loan to repay your debt.
Supporters of debt consolidation loans highlight a number of merits, including combined monthly payments, a lot fewer calls from collections companies, and cheaper APR’s. Keep in mind, you are simply swapping out one form of debt with yet another. Is a debt consolidation loan a good idea?
Consolidating Payday Loans in Port Saint Lucie (FL)
The inflated interest levels associated with payday loans in Port Saint Lucie, FL, mean that payday debt increases at a shocking rate. We estimate that 5,264 people in Port Saint Lucie get payday loans fairly often, and around 4,001 of these consumers end up getting more than one of these high-risk short-term loans – we’re talking around 75%!
Thankfully, we can connect you with payday loan consolidation agencies in Port Saint Lucie, FL, that can assist you to:
- Combine several payday advances.
- Bring down excessively high payday loan rates.
- Establish a plan for repayment.
- Handle collector phone calls.
Isn’t it time to free yourself from payday debt?
Port Saint Lucie Debt Budgeting
To determine whether or not debt consolidation suits you, you must understand how severe your debt has become.
In a perfect world, only 36% of your income will be allotted to paying off what you owe. These debts incorporate credit cards, loans, and rent/mortgage repayments. Let’s say you make $2,714 every month, about average average in Port Saint Lucie, then, preferably, you would spend no more than $1,004 a month. Sadly, many Port Saint Lucie residents are in major debt, defined by a debt to income ratio (DTI) of 50% or more. They’re having to spend more than $1,357 each month!
There are 101,235 people living in Port Saint Lucie, and 8,486 can hardly afford their monthly minimums. Don’t let the debt pile up..
Debt Consolidation Scams
Staying away from dishonest debt consolidation providers is a snap, if you know what to look for. Stay clear of any suppliers that charge you in advance, won’t divulge basic information or savings necessary for consolidation to begin, or expect you to open a bank account at an institution that isn’t FDIC insured.
Don’t forget to check into any Port Saint Lucie payday loan debt consolidation company prior to registering. For more information, have a look at this listing of articles on the FTC’s site: In Debt?.
Debt Consolidation Firms in Port Saint Lucie, FL
- Florida Debt Consolidation Company? Contact us!