If you happen to be interested in Charlestown debt consolidation companies, we’re here to help.
There are several distinct types of debt consolidation solutions: some with loans, some without. In both cases, you need to have a steady income source.
Please don’t wait. Find out how much debt consolidation in Charlestown, MA, can save you.
Debt Management: Charlestown, MA
The high APR rates we’ve come to expect from credit card accounts can lead to severe debt. MA Debt Consolidation may be able to help.
Of the 1,274 people in Charlestown who need some form of debt relief, the majority would be best served by a debt management plan. A debt management plan offers numerous benefits:
- Just One Payment Per Month
- Decreased Rate Of Interest
- Fewer Extra Fees
If you’re looking for a credit card consolidation program in Charlestown, MA, this is among the cheapest options, just $25-35 every month.
Charlestown, MA Debt Consolidation Loans
You will find two main kinds of debt consolidation loans: unsecured loans and home equity loans. The latter is most prevalent. As opposed to mailing checks to an array of credit card providers each and every month, you’ll be responsible for your installment payment.
Many people try to repay their debts with home equity loans, since there are tax benefits. But remember, as this type of loan is secured against your house, the bank or lender could end up with your home if you miss your payments.
Talk to a debt consolidation consultant to check which debt consolidation strategy will be ideal for you.
|Question||Debt Management||Debt Consolidation Loan|
|Single Monthly Payment?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Damaging to Credit Report?||No||No|
|Collectors Cease Contacting You?||Sometimes||Yes|
|How Long?||3-6 Years||10-15 Years|
|Preferable to Bankruptcy?||Yes||Yes|
To decide which approach would suit you best, you’ll need to contact a qualified debt professional.
Charlestown Debt Budgeting
Preferably, no more than 30% of your income ought to be invested in paying back what you owe. This means credit card bills, loans, and rent/home loan payments. Here’s what this means for the average individual in Charlestown, MA:
- Annual Income: $55,700
- Income Per Month: $4,642
- Optimal Debt Load: $1,671
- Serious Debt Load: $2,321
Is your debt load greater than 50%? Then you really should get in touch with a debt consolidation specialist in Charlestown, MA.
- Massachusetts debt consolidation company? Contact us!
Debt Collection Agencies in Charlestown (MA)
Collectors can be downright vicious. Luckily, after you join a debt consolidation plan, your debt relief company will often take the calls from collectors. Sadly, debt collectors are not under any obligation to honor this request.
- None Listed.