There are 14,605 people living in Abington, and 1,224 can hardly afford to make their minimum credit card payments. Does that sound like you? Debt consolidation could be the solution.
To get going, you can just fill in our simple web form. We can match you to a debt consolidation agency considering such factors as:
- Your Unsecured Debt.
- Your Location (Abington).
- Your Own Priorities.
Credit cards can be a total liability. On the plus side, you have options.
Do you want to get out of debt faster, with reduced rates and bank charges? Then you might want to sign up for a debt management plan. These programs make it easier to pay back all the money you owe with a single payment per month, along with decreased rates, payments, and penalties. Usually your card issuer starts presenting these perks as a way to encourage you to repay your debt.
If you are looking for a credit card consolidation program in Abington, MA, this is among the least expensive options.
If you have excellent credit, you should be able to secure a debt consolidation loan to repay your debt. In most cases, a debt consolidation loan will mean cheaper payments and fewer calls from collections companies, simply because your credit card debts will have been paid back. Not surprisingly, you have to have good credit to get such a loan, and it may take a bit longer to repay this loan than it would you credit cards. Is a debt consolidation loan a good idea?
Debt Settlement vs Debt Consolidation in Abington (MA)
Debt consolidation and settlement are different ways to get rid of debt. As opposed to debt consolidation, debt settlement results in a considerable reduction in the debt. However, debt settlement negatively affects your credit score. And keep in mind that pardoned debts can be taxed. Therefore debt settlement should be discussed with a professional before you make a decision.
To find out which option suits you best, we suggest you request a debt review.
When to Consolidate Your Debt
Are you aware how much credit card debt you owe? Ideally, not more than 33% of your monthly income should be invested in paying down what you owe. These debts include both unsecured and secured debts:
- Credit Card Balances
- All Loans
- Mortgage Payments
For instance, suppose you make $4,758 each month, the average for someone who lives in Abington, then, in a perfect world, you would spend less than $1,713 every month. Sadly, many Abington residents are carrying severe debt, with debt-to-income ratios of 50% or more. That means they are forking over more than $2,379 monthly!
Of the 11,129 residents of Abington who have credit cards, 1,224 can only afford to make the minimum monthly payments. You don’t have to be one.
Debt Consolidation Guidelines in Abington (MA)
You should not become a client of any Abington MA debt consolidation organizations if they charge upfront dues, fail to give key specifics, don’t disclose savings necessary for consolidation to begin, or require you to open a savings account at a non-FDIC-insured institution.
Don’t forget to check into your Abington payday loan debt consolidation agency before enrolling, and to ensure your company is doing these legally, review the following FTC regulations.
- Massachusetts debt consolidation company? Contact us!
Debt Collection Agencies: Abington, MA
Have you been hassled by collectors? Debt consolidation frequently leads to fewer debt collector calls, as you can request that your lenders call your consolidation company instead of you.
- None Listed.