At MA Debt Consolidation, we can help you consolidate your unsecured debt into one monthly payment.
You’ll find a couple of specific types of debt consolidation strategies: some involve a loan, but the majority don’t. In each case, you need to have a consistent source of income.
Please don’t hesitate. Find out how much debt consolidation in Ipswich, MA, will save you.
The expensive APR’s we’ve come to expect from credit card accounts can bring about substantial debt and even bankruptcy. Massachusetts Debt Consolidation can help. Want to get rid of debt in less time, with less interest and penalty fees? If so, you might want to sign up for a debt management plan. These programs allow you to pay your debts entirely through just one payment amount, as well as decreased rates, installments, and service fees. Typically your creditor begins presenting these benefits at the behest of your debt consolidation company. In addition, these kinds of programs are typically rather cheap, just $25-40 monthly.
Debt Consolidation Loans in Ipswich (MA)
The funds from a debt consolidation loan are used to pay off your credit lines and other debts.
The variety of payments you were juggling for numerous banks will be superceded by one payment amount, your Ipswich debt consolidation loan payment. If you go with a home equity loan, there may be a positive impact at tax time. On the other hand, if you go delinquent on a loan like this, your home could go into foreclosure. Wondering if a debt consolidation loan is right for you?
|Questions||Debt Management||Home Equity Loan|
|One Monthly Payment?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Harmful Impact on Credit Scores?||No||No|
|Collectors Stop Phoning You?||Sometimes||Yes|
|Valuable Asset Necessary?||No||Yes|
|Risk of Foreclosure?||No||Yes|
|How Much Time?||3-6 Years||10-15 Years|
To find out which approach fits your needs, we recommend you contact an expert.
Debt Analysis: Ipswich, MA
If at all possible, your monthly debts will take up around 33% of your wages. This includes ones that are secured and unsecured:
- Credit Card Balances
- All Loans
- Rent or Home Loan Payments
Let’s have a look at how this works for the typical consumer in Ipswich, MA:
- Income Per Annum: $57,284
- Income Per Month: $4,774
- Optimal Debt Load: $1,719
- Severe Debt Load: $2,387
You are not the only person burdened by debt. Truth be told, we have calculated that 1,089 of Ipswich’s 12,987 residents are in need of a debt relief solution of some sort or another.
When you find a debt consolidation company in Ipswich, you need to be sure they adhere to FTC rules.
According to the FTC, any Ipswich MA debt consolidation firm has to:
- Fully describe their costs and fees.
- Say how long it will be before they get hold of each credit card issuer.
- Inform you of how much you must save before they’ll get in touch with each of your creditors.
- Fully describe how your credit scores may be impacted.
It’s risky for you to pick a company at random. It’s best to talk with family or friends who have been clients of a specific company, or request a free debt assessment through our service.
Credit Card Consolidation Providers in Ipswich (MA)
- Massachusetts debt consolidation company? Contact us!
Debt Collections Agencies: Ipswich, MA
One of the hardest parts of debt is being hounded by debt collectors. Thankfully, after you take part in a debt consolidation plan, your consolidator will typically take the calls from debt collectors. However, collectors are not required to direct calls and letters to your consolidator.
- None Listed.