If you’re behind on your credit card bills, consolidating your credit card accounts and non-secured credit into one monthly payment might be the answer.
Some solutions involve a debt consolidation loan, and others don’t. In both cases, you’ll pay back everything you owe, but you’re going to benefit from a more advantageous payment schedule, as well as less harassment from debt collection agencies. Let’s connect you with a respected Saint Johns, FL debt consolidation agency.
Saint Johns (FL) Debt Management Programs
There are close to 1,514 people in Saint Johns who could benefit from debt consolidation of some sort, and most of them would be best served by a debt management plan. A DMP offers a lot of benefits:
- Consolidated Monthly Payment
- Cheaper Interest Rate
- Reduced Penalties
If you are searching for a credit card consolidation company in Saint Johns, FL, this is one of the most economical options. Enrolling should cost around $70, and fees each month $25-40.
Saint Johns (FL) Debt Consolidation Loans
If you get a debt consolidation loan in Saint Johns, FL, the the borrowed amount is used to pay off your active debts. Keep in mind, the loan itself still has to be repaid.
As opposed to sending checks to a range of collectors on a monthly basis, you will only be responsible for your monthly loan payment.
Keep in mind, you are simply displacing one kind of debt with another.
Is a debt consolidation loan a good idea?
Consolidating Payday Loans: Saint Johns (FL)
If your payday loan debt has been mounting, it’s not just you. Of the 18,063 residents of Saint Johns, around 939 obtain at least one payday advance per annum. Alas, around 714 of these individuals wind with several payday loans. How many is that in terms of percentages? We’re talking about 75%! Luckily, we can help you find Saint Johns FL payday loan consolidation services that will help you consolidate your Saint Johns payday loans with one single monthly installment, handle telephone calls from collection agencies, and greatly reduce the extortionate rates of interest associated with these types of loans.
Isn’t it time to break free from payday debt?
Do you know how much unsecured debt you’re carrying? If at all possible, only 30% of your income will be allocated toward repaying debt. These debts incorporate everything you owe, whether secured or not:
- Credit Cards
- Any Loans
- Rent or Home Loan Payments
Let’s suppose you make $3,373 every month, the average for Saint Johns residents, then, in a perfect world, you would spend less than $1,214 each month. Having said that, many Saint Johns residents are carrying severe debt, recognized by debt-to-income ratios of 50% or more. That means they are forking over more than $1,687 a month!
If your debt load each month is greater than 50%, it is time to speak to a debt consolidation professional in your area.
Credit Card Debt Consolidation Tips in Saint Johns (FL)
As outlined by the FTC, your Saint Johns debt consolidation agency needs to:
- Clarify how their fees work.
- Inform you of how many weeks their program takes.
- Let you know how much you will need to have saved before they’ll connect with every creditor.
- Clarify any and all risk for your credit.
You should always do a few searches on any Saint Johns credit card debt consolidation agency before signing up. To find out more, review the section of FTC.gov called In Debt?.
Consolidation Programs in Saint Johns, FL
- Florida Debt Consolidation Company? Contact us!