Have you got poor credit? If so, a trusted Daytona Beach credit counseling agency could help.
We can put you in touch with a credit counseling firm based upon your location, debt, and other factors. Just think. You could be on the way to financial freedom before you know it – don’t hesitate!
Initially, credit counseling was developed to help credit card companies retrieve debts from consumers who were not current on their payments without having to turn to collection agencies. What this means is nearly all credit card counseling programs are very economical.
Debt for Daytona Beach Residents: How Much is Excessive?
If your debt to income ratio is more than 50%, we suggest you speak with a credit counselor in Daytona Beach now. For the average Daytona Beach consumer who has a salary of $1,008 a month, this is more than $504 a month.
Imagine if you’re having to pay $504 on a monthly basis and your income is only $1,008. If that’s the case, your credit counselor may advise you to participate in a debt management plan (DMP). If you sign up for a DMP, your Daytona Beach FL credit counseling agency may able to cut a deal for lower rates and better terms from the companies you borrowed from. Essentially, your credit counseling company will work with your creditors directly.
Settlement vs Credit Counseling in Daytona Beach, FL
The majority of debt management programs hope to have your debts cleared 3 to 5 years. Even though this isn’t supposed to make your credit score go down, it may be tough to get new lines of credit. On the other hand, if you were to choose debt negotiation, your credit score would probably be seriously damaged.
Picking a Credit Counseling Agency: Daytona Beach, FL
On the whole, credit counseling and debt management plans have been checked out by the Federal Trade Commission (FTC) and other governmental bodies, but good credit counseling agencies in Daytona Beach and throughout the country typically give you:
- Professional Advisors
- True Testimonials
- Straight Answers
- No cost Recommendations
- Custom-Made Plans of Action
Please remember that nonprofit status isn’t going to necessarily mean that a credit counseling firm is honest, and the other way around.
Credit counseling will not eliminate the existing debt, but your credit counseling firm normally can make a deal for cheaper annual percentage rates and penalties.
Credit counseling saves you time and money. Learn more today.
Credit and Debt Counseling Agencies in Daytona Beach (FL)
- Aaa Debt Counseling, 336 Howard, 32114
- Consumer Credit Counseling, 1221 S Beach St, 32114