Do you need to become debt free without going bankrupt? Enlisting the assistance of a reputable debt settlement agency in Dunedin, FL, may be the best solution.
At FL Debt Consolidation, our objective is to match you to a debt settlement expert – this minute – who works with Dunedin residents. Isn’t it time to lower your credit card debt?
Explore your Dunedin debt settlement solutions with a trained specialist – right now!
Don’t put your trust in some unethical agency. Virtually any good debt settlement company in Dunedin, FL, will divulge some details prior to signing up. They stipulate their fees, their timeline, and the hazards of this approach to debt relief.
Make sure you determine whether or not your Dunedin, FL debt settlement service is trustworthy by checking how long they have been in operation, how many cases they’ve handled, what their success rate is, how much they cost, and whether they’re registered settle debts in the state of Florida.
Don’t forget: no Dunedin debt negotiation agency is allowed to charge fees upfront!
Also called debt negotiation, debt settlement is the only solution that actually contributes to a decrease in the original amount owed. But you should check with a skilled debt counselor before moving forward.
Isn’t it time to discuss the options with a debt settlement expert in Dunedin, FL?
With a debt settlement, you up and cease paying your creditors. In lieu, you put aside funds in a specialized checking account until you’ve got a sufficient amount to pay the settlement negotiated by your Dunedin debt settlement company. In the meantime, your FICO rating will get worse and worse. Keep in mind, declaring bankruptcy would ruin your credit score too. In accordance with quite recent FTC policies, your savings account should be in your control, irrespective of the outcome of your debt settlement. It also has to be FDIC-insured.
Debt Settlement and Lawsuits
You should understand that credit card providers do have the right to take legal action against a borrower in order to collect a debt. The risk of getting sued increases. Why is that? Because you quit repaying them month after month.
In Florida, credit card companies have 5 years to go to court for debt you owe them.
If you have $10,000 of debt, aren’t able to pay your bills, and would rather be debt free than have favorable credit, credit card settlement might be good alternative to filing bankruptcy.
Of the 34,235 people who live in Dunedin, 3,391 carry credit card balances of at least $10,000.
Calculating Your Monthly Debt Load
If you’ve got a debt-to-income (DTI) ratio of 50% or more, then licensed debt relief is something you should think about.
To put it succinctly, if you are allocating more than half of what earn in credit cards, rent/mortgage, and loans, you need to consult a debt relief coach. Considering that the average income in Dunedin is $1,442 per month, this is $721. You want to shoot for a ratio of around 36% ($519 in Dunedin).
Settling your debt and just consolidating it are two separate strategies. All of these are methods of eliminating debt. Debt reduction separates itself by ultimately causing an actual decrease in the amount owed. Some methods of relieving debt – like debt consolidation, management, and counseling – have much less of a negative impact on your credit ratings in the long term, but they are long-term alternatives that require paying off all of what you owe. For more details, visit here: credit counseling in Dunedin.
What Does Debt Settlement Cost?
Whereas debt management programs have regular monthly fees of $25-40, debt settlement costs are normally applied after each balance is settled. Generally, settlement firms charge a percentage of the balance you want settled, often up to 15%. This fee is generally assessed over 1-2 years.
Debt Settlement Specialists: Dunedin (FL)
- BEACON CREDIT, 1285 San Christopher Dr, 34698
- Repak, Edit – Clear Financial Company, 1299 Main St, #F, 34698