Do you want to cut back the rates on your credit cards and pay back any remaining balances? If so, working with a qualified credit counselor in Leesburg might be the answer.
Let us connect you to a debt counseling specialist who can provide a free debt assessment, savings estimate, and affordable action plan.
Credit counseling providers get paid a percentage of what you pay, a practice known as Fair Share, and so the cost is typically very cost-effective, from $0-45 each month. We have calculated that 1,701 of Leesburg’s 46,134 residents are delinquent on their credit card payments.
Assessing Your Monthly Debt: Leesburg (FL)
Typically, Leesburg residents earn $1,361 a month. A consumer who pulls down $1,361 a month ought to have total loan, rent, and credit card payments of approximately $490 each month. This is 36 percent of their earnings.
If you get paid $1,361 each month and find that you’re spending over $585 (43%), you’re in jeopardy. You won’t be alone, as a lot of Leesburg’s residents have debt to income ratios of more than 50% ($681).
Do you have more than $10K of medical or credit card debt or have monthly payments for rent, loans, or credit cards that total more than 50% what you make each month? Then you might need to enter a DMP, or debt management plan. If you enroll in a DMP, your Leesburg FL credit counselor may able to obtain less expensive rates of interest and fees and penalties from the creditors you’re paying back.
Each month, you will give a pre-specified sum to your Leesburg credit counseling service. They’ll allot the payments among your creditors.
Tips on Avoiding Credit Counseling Ripoffs in Leesburg (FL)
As a program, credit counseling has been checked out by the FTC and other state and federal regulators, but watch out for any credit counselors that say they’re able to:
- Put an end to all calls from collection agencies
- Get rid of negative things from your credit history
- Keep credit card issuers from suing you
- Impose a fee in advance for their solutions
Keep in mind, not for profit status doesn’t necessarily mean that a credit counseling firm is reputable, and the opposite is true as well.
Needless to say, credit card debt is extremely hard simply because the high APR’s cause your debt to keep rising. Any effective credit counseling professional in Leesburg should be able to have a lot of your credit card companies slash your APR and extra fees, helping you save a lot of money overall. To see just how much a DMP could save you, you need to speak to a trained credit counselor in Leesburg, FL – right now!
Pre-Bankruptcy Credit Counseling in Leesburg (FL)
Of the 46,134 people who live in Leesburg, approximately 231 have turned to bankruptcy. Before filing bankruptcy, you will be required to attend an approved credit counseling program and obtain a certificate to present in bankruptcy court.
You are not required to enroll with a local Leesburg credit counseling agency for this. Bankruptcy credit counseling courses for Leesburg filers can be found over the internet and on the telephone.
The session normally lasts 90 minutes costs around $50, but the charge must be waived if you cannot afford it. For an approved list of approved pre-bankruptcy credit counseling services for Leesburg residents, click here. Or alternatively, you can get hold of a skilled credit consultant:
Credit Counseling and Debt Counseling Agencies in Leesburg, FL
- Florida Credit Counseling Company? Contact us!