At MA Debt Consolidation, we help you combine the money you owe into a single monthly payment.
To begin, all you have to do is submit this simple form. You could be on the road to financial freedom in minutes.
In too many cases, credit cards are as hazardous as they are handy. Massachusetts Debt Consolidation can help.
Do you want to get rid of debt in less time, with cheaper rates and penalties? Then you might want to sign up for one of the debt management plans in Salisbury, MA.
A DMP has several advantages:
- Just One Payment
- Decreased Apr’s
- Reduced Extra Fees
Additionally, debt management plans are one of the least expensive ways to consolidate debt in Salisbury, MA. Sign up ought to cost less than $75, and fees each month $25-40.
As you probably know, debt consolidation may involve applying for a loan which is used to repay your credit cards at a significantly better rate of interest.
The variety of payments you were juggling for various banks will be replaced by a single payment each month, your Salisbury debt consolidation loan payment. Of course, you are simply replacing one form of debt with yet another.
Chat with a debt consolidation specialist in Salisbury, MA, to learn which strategy is best for you.
Debt Consolidation vs Settlement: Salisbury, MA
Debt consolidation and settlement are different ways to get rid of debt. Contrary to debt consolidation, debt settlement is an intensive series of negotiations that results in a significant decrease in what you owe.
Below is a chart which will help you figure out which method suits you best.
|Questions||Debt Consolidation||Debt Settlement|
|Single Payment Per Month?||Yes||Yes|
|Leads to Debt Reduction?||No||Yes|
|Interest Rates Lowered?||Yes||No|
|Helps with Delinquent Loans?||No||Yes|
|Damaging to Credit Report?||No||Yes|
|Collection Agencies Have to Stop Calling You?||No||No|
|Need a Valuable Asset?||No||No|
|Works with Physicians Bills?||Yes||Yes|
|Suitable for Communal Property Debts?||No||No|
|Suited to Payday Advances?||Yes||Yes|
|Suited to Small Business Debt?||Yes||Yes|
|Can Companies Sue You?||Yes||Yes|
|Better Than Bankruptcy?||Yes||Yes|
|Undesirable Tax Consequences?||No||Yes|
|Can Settle One of Multiple Accounts?||Maybe||Yes|
To figure out which alternative meets your requirements, you might want to request an evaluation of your current debt.
Debt Analysis: Salisbury, MA
If you want to consolidate your debt, you need to know how much debt you’ve got with respect to your salary. In an ideal world, not more than 30% of your income ends up being invested in repaying what you owe. This means all the debts you owe:
- Credit Card Payments
- Vehicle, Student, and Payday Loans
- Rent or Home Loan Payments
Let’s consider what this means for the average consumer in Salisbury, MA:
- Yearly Income: $49,310
- Monthly Income: $4,109
- Optimal Debt Load: $1,479
- Serious Debt Load: $2,055
If your monthly debt cost is greater than 50%, you need to talk to a debt consolidation professional in Salisbury, MA.
Debt Consolidation Ripoffs
How do you see whether a debt consolidation business in Salisbury, MA, is reputable? Mark them off the list if they:
- Charge you at signup
- Cannot supply references
- Don’t have certified consultants
- Advertise thata they will not influence your FICO
- Assert that government programs can eliminate your debt
- Can’t provide you with how long it will take
- Misrepresent their results
- Don’t have a good Better Business Bureau (BBB) record
You should always check the reviews on any Salisbury credit card debt consolidation agency prior to joining.
Debt Consolidation Companies: Salisbury, MA
- Massachusetts debt consolidation company? Contact us!
Debt Collectors in Salisbury, MA
- None Listed.