We match consumers with Burlington debt consolidation advisors whose mission is to:
- Lower their payment amounts
- Reduce their APR rates
- Decrease debt collector calls
To get in touch with a debt consolidation professional, simply fill out our easy contact form. We can connect you to a debt consolidation agency in Burlington, MA, taking into account where you live, the amount you owe, and additional variables.
Debt Management: Burlington, MA
The number of people who’ve got multiple credit cards and delinquent payments is shocking. MA Debt Consolidation may be able to help. Would you like to get out of debt in less time, with less interest and penalty fees? Then you may want to enroll in one of the debt management plans in Burlington, MA. These plans, typically managed by a credit counseling agency, let you pay all the money you owe in 3-5 years through just one payment per month, as well as more affordable interest levels, payments, and penalty fees. Normally your credit providers or other creditors begin offering these perks because it will cost them more money if you default.
On top of that, debt management plans are one of the least expensive ways to consolidate credit debt in Burlington, MA:
- Enrollment: $70 or less
- Fee Every Month: $25-35
A debt consolidation loan should save money in the end simply because unsecured personal loans and home equity loans ordinarily come with lower rates of interest than what you are paying for your revolving credit accounts.
Instead of delivering payments to an array of collectors each month, you’ll simply be responsible for your monthly loan payment.
Of course, you are simply exchanging one type of debt for yet another.
Is a debt consolidation loan a good idea?
Debt Settlement vs Consolidation in Burlington (MA)
Debt settlement and consolidation are different ways to get rid of debt. Debt settlement leads to a percentage of what you owe basically being forgiven.
Sadly, debt settlement looks less than ideal on your credit score. And keep in mind that you have to pay taxes on the debt that’s settled, as if it were money coming in. That is why debt settlement is typically effective for those who are truly unable to pay their monthly bills. After all, lenders will be willing to consent to a reduced settlement instead of not getting anything if the consumer files for bankruptcy.
To figure out which alternative would be right for you, it’s worthwhile to speak with a debt professional – it’s free!
Burlington, MA Debt Loads
Here is the ideal monthly debt for the average Burlington resident:
|Annual Income||Income Per Month||Recommended Monthly Debt||Problematic Monthly Debt|
You aren’t the only person in Burlington fighting to get free from debt. Truth be told, we believe that 1,917 of Burlington’s 22,876 residents could use a debt relief solution of some kind or another.
When working with a debt consolidation company in Burlington, you should be certain they comply with FTC policies.
In accordance with the FTC, any Burlington MA debt consolidation agency needs to:
- Clarify their fee structure.
- Let you know how long their program takes.
- Inform you of how much you’ll have to save before they’re going to contact each and every lender.
- Make clear how their program may impair your credit rating.
It would definitely be simply risky to settle on your firm arbitrarily. Make sure you speak with family or friends who have been clients of certain firms. Alternately, you can let us put you in touch with a debt consolidation company in Burlington through our online application.
- Credit Mediation CO, 1 Mountain Rd, 01803
Debt Collectors in Burlington (MA)
Even with FDCPA restrictions, many collection agencies indulge in sketchy tactics. Luckily, once you register for a debt consolidation plan, your consolidator will usually take the calls from collection agencies. Sadly, collectors are not under any obligation to honor this request.
- None Listed.