We help you consolidate credit card and/or payday loan debt into one payment amount.
You’ll find a few specific kinds of debt consolidation strategies: some with loans, some without. In each case, you need to have a steady income source.
Want to become debt free? Find a debt consolidation service in Norfolk, MA. It’s easy!
Nearly every Massachusetts resident has a credit card these days, and a lot of them don’t pay off their monthly balance. Thankfully, there are solutions. Of the 877 people in Norfolk in need of some form of debt relief, most would be best served by a debt management plan.
This debt management plan has lots of benefits:
- One Single Payment Per Month
- Lowered Interest Levels
- Waived Late Payment Fees
Also, this is one of the least expensive strategies for consolidating debt in Norfolk, MA. Registration should cost about $70, and fees each month $25-40.
When you’ve got a good credit rating, you might be able to secure a debt consolidation loan to pay off your credit card debt.
Instead of posting checks to various debt collectors every month, you’ll simply be responsible for your monthly installment.
Remember that these types of loans won’t include any of the financial training you’d get from debt management in Norfolk, MA. Speak with a debt consolidation specialist to figure out which strategy will be right for you.
Debt Consolidation vs Debt Settlement: Norfolk, MA
Debt settlement and consolidation are different ways to get out of debt. Debt settlement leads to a percentage of your debt essentially being pardoned.
The table below ought to help you figure out which approach is correct for you.
|Question||Debt Consolidation||Debt Settlement|
|One Payment Per Month?||Yes||Yes|
|Overall Debt Reduced?||No||Yes|
|Lower Interest Rates?||Yes||No|
|Helps with Delinquent Loans?||No||Yes|
|Harmful to Credit Report?||No||Yes|
|Debt Collectors Required to Quit Phoning You?||No||No|
|Must Have a Valuable Asset?||No||No|
|Suitable for Doctors Bills?||Yes||Yes|
|Appropriate for Community Property Debts?||No||No|
|Works for Cash Advance Loans?||Yes||Yes|
|Works for Business-Related Debts?||Yes||Yes|
|Appropriate for Small Debts?||Yes||Yes|
|Can Lenders File a Claim Against You?||Yes||Yes|
|Preferable to Bankruptcy?||Yes||Yes|
|Negative Tax Consequences?||No||Yes|
|Can Repay One of Many Accounts?||Maybe||Yes|
|Signed Contract Necessary?||Yes||Yes|
To find out which alternative fits your needs, you’ll need to request a debt assessment – free of cost!
Do You Need Debt Consolidation?
Are you aware how much credit debt you owe?
Here is the ideal debt load for the average Norfolk consumer:
|Annual Income||Income Per Month||Ideal Monthly Debt||Problematic Monthly Debt|
Is your debt load greater than 50%? If that’s the case, you need to speak to a debt consolidation professional in Norfolk, MA.
- Massachusetts debt consolidation company? Contact us!
Debt Collection Agencies: Norfolk, MA
Tired of being hassled by Norfolk collection agencies? Debt consolidation usually leads to fewer collection agency calls, since you can ask that your debt collectors contact your consolidation agency directly.
- None Listed.