Do you need relief from debt? If so, working with a solid Pittsfield, MA debt consolidation firm could be the answer.
The word debt consolidation may refer to two different strategies to debt relief:
- Consolidating debt into a debt management plan (DMP).
- Consolidating debt under a new loan.
Are you ready to get out of credit card debt? Find a debt consolidation service in Pittsfield, MA. Now!
Credit Card Consolidation: Pittsfield, MA
Credit cards may be a handy way to shop online and in-store, but they can easily result in staggering debt. Massachusetts Debt Consolidation can help.
In most cases, debt consolidation in Pittsfield, MA, will involve working with an agency to manage debt through a DMP.
Debt management plans, normally associated with a credit counseling agency, allow you to pay off your credit card debt completely over time through one easy payment amount. The benefits are tremendous: lower rates, installment payments, and service fees. Almost always your creditor starts providing these perks at the behest of your debt consolidation company.
Also, these types of programs are generally rather cost-effective:
- Sign up: $70 or less
- Fee Every Month: $30 to 50
Pittsfield, MA Debt Consolidation Loans
Debt consolidation loans come in two varieties: unsecured loans and home equity loans, of which the second option is most common.
The multitude of payments you were sending to different creditors will be replaced by one simple payment amount – your Pittsfield debt consolidation loan payment.
A lot of people look to repay the money they owe using home equity loans, since there are tax benefits. That said, as this type of loan is leveraged by your own home, the bank or lender could end up with your home if you are past due on your payments. Wondering if a debt consolidation loan is right for you?
Pittsfield, MA Payday Loans Consolidation
Have you considered debt consolidation for payday loans?
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On the plus side, we work with Pittsfield MA payday loan consolidation agencies.
So you want to find out more or discover ways to file a grievance against a payday firm? For additional information, explore this website.
Evaluating Debt: Pittsfield, MA
Debt consolidation professionals in Pittsfield, MA will want to find out how much debt you owe that’s no secured, which means it’s not leveraged by some kind of collateral. The most common sources of debt from month to month are credit cards, payday loans, rent, healthcare bills, and other revolving credit balances.
Preferably, no more than 33% of the income you earn per month should be invested in paying off what you owe. This encompasses everything you owe on a monthly basis, whether secured or not:
- Credit Cards
- Auto, Student, and Payday Loans
- Mortgage Payments
Here’s what this means for a typical consumer in Pittsfield, MA:
- Income Annually: $12,149
- Income Per Month: $1,012
- Ideal Debt Load: $364
- Excessive Debt Load: $506
Do you owe more than $10K in credit card debt? In that case, you really should talk to a debt consolidation specialist in Pittsfield, MA.
Debt Consolidation Companies in Pittsfield, MA
Sadly, the industry has in recent years been inundated by unethical agencies. However, we help you decide which Pittsfield debt consolidation services are legitimate. As outlined by the FTC, any Pittsfield, MA debt consolidation agency has to present you with the following information before you sign up for their program:
- Signup and fees each month.
- How long before they email or call each credit card company.
- The amount that must be saved before they will reach out to each creditor.
- How your credit score will be impacted.
It is downright unwise to settle on your provider without doing some research. Make sure you chat with friends who have been clients of a certain company, or request a debt consultation – there’s no cost involved.
Debt Consolidation Companies in Pittsfield (MA)
- American Mortgage Debt Resolution Inc, 150 North St, 01201
- CCCS (Affiliated With MMI), 34 Depot St, 01201
Debt Collections Agencies in Pittsfield (MA)
- None Listed.