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Credit Counseling: Auburndale (FL)

Well then you really should enlist the services of a credit counseling agency in Auburndale, FL. Are you wondering how much credit counseling could help you save?

Auburndale FL Credit Counseling

Now, most credit counseling businesses in Auburndale are financed at least in part via Fair Share, which means they receive a percentage of the amount they recover. The credit card issuers basically agree to this cost. What this means is almost all credit counseling agencies are inexpensive. We estimate that 977 of Auburndale’s 26,485 inhabitants are presently delinquent on their credit card payments.

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Debt Counseling in Auburndale, FL

Credit Counseling Auburndale FL

How much is your debt in total? For those who are forking out over fifty percent of your earnings a month on rent/mortgage, loans, and credit cards, you may want to meet with a credit counselor in Auburndale as quickly as you can.

What if you’re having to pay $1,454 monthly, but you only earn $2,908? In that case, your credit counseling consultant might want you to take part in a debt management plan. With a DMP, your Auburndale FL credit counselor may able to secure less expensive interest rates and better terms from the companies you borrowed from.

You’ll write a single check each month to your Auburndale credit counseling service, and they will disburse the payments among each of your creditors.

How to Avoid Credit Counseling Ripoffs in Auburndale (FL)

If you find an established agency, credit counseling can be very effective. Truth be told, the Federal Trade Commission now requires it for individuals who want to file bankruptcy. But beware of any credit counseling firms in Auburndale that claim they are able to:

  • Put an end to all collections calls
  • Eliminate collateralized debts
  • Erase debt via some government program
  • Ensure the elimination of unsecured debt
  • Prevent creditors from suing you
  • Impose a fee upfront for their services

For additional information, check out this FTC report on the subject.

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The amount that credit counseling will save you depends upon your unique financial circumstances, but you might not need to pay as much on a monthly basis as you have been paying, on account of lesser fees and interest. A short evaluation of your finances is needed to supply you with an accurate savings estimate.

Auburndale FL Credit Counseling

Fees Charged By Credit Counseling Agencies: Auburndale, FL

Credit Counseling Auburndale FL

Credit counseling companies are prohibited from charging advance fees by the FTC. Participating in a DMP should not exceed $100, and the monthly fees should be around $40. In a DMP, the money you allot each month to paying off your debt is generally equivalent to the minimum payment on your credit cards: 2.5%. The following is a table depicting how much this amounts to, given different amounts of total debt.

  • $20,000 Debt: $420 to $500
  • $25,000 Debt: $525 to $625
  • $30,000 Debt: $630 to $750
  • $35,000 Debt: $735 to $875
  • $60,000 Debt: $1260 to $1500
  • $100,000 Debt: $2100 to $2500

Pre-Bankruptcy Credit Counseling in Auburndale, FL

Bankruptcy Credit Counseling Auburndale FL

More and more Auburndale residents have been considering bankruptcy. There are 26,485 people living in Auburndale, FL, and we estimate that 132 have turned to bankruptcy. As required by the FTC, you must attend a pre-bankruptcy Auburndale credit counseling program prior to declaring yourself bankrupt. This program should be within six months of when your filing date.

The process can take place:

  • In Person
  • By Phone
  • Online

The program ordinarily takes 90 minutes costs up to $50. However, the fee must be waived if you’re unable to pay. To find approved pre-bankruptcy credit counseling agencies for Auburndale residents, click on this link, or you can get in touch with a seasoned credit specialist by filling out this form.

Consumer Credit Counseling Service: Auburndale (FL)

Consumer Credit Counseling Service, aka CCCS, may provide nonprofit credit counseling for Auburndale consumers. A Consumer Credit Counseling Service in Auburndale, FL, will normally be:

  • Not For Profit
  • An NFCC Affiliate
  • Approved by the HUD (Department of Housing and Urban Development)
  • Have CCCS in their Name

Normally a CCCS agency will make available more than just credit counseling. They’ll also offer:

  • Bankruptcy Counseling
  • Home Counseling
  • Credit Profile Reviews
  • Debt Management

To locate the CCCS office that’s closest to Auburndale, FL, please check the list of Auburndale credit counseling firms on our site or search the NCFF website:

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Some non-profit credit counseling firms in Auburndale, FL, strive to help their clients get out of debt in accordance with Christian principles. Their services are typically the same as a traditional firm’s.

Credit Counseling and Debt Management: Auburndale, FL

  • Folkerts, Janet’ Exec Dir – Spectrum Resource & Development Center, Incorporated, , 33823