At Debt Consolidation Massachusetts, we match consumers with South Yarmouth debt consolidation pros whose goal is to:
- Reduce their payment amounts
- Reduce or freeze their rate of interest
- Reduce collection agency calls
You’ll find a few distinct types of debt consolidation programs: some with a loan, some without. Either way, you need to have a stable source of income.
Don’t hesitate. See how much a debt consolidation business in South Yarmouth, MA, could help you save.
Practically every Massachusetts resident has a visa or mastercard, and many of them don’t pay off their monthly balance. Massachusetts Debt Consolidation can help. Do you want to get rid of debt in less time, with reduced rates and fees? Then you may want to take part in a debt management plan. This sort of debt consolidation provides lots of benefits:
- Only One Payment Per Month
- Lowered Interest
- Reduced Penalties
What’s more, these types of programs are normally rather cheap, only $25-40 each and every month.
South Yarmouth (MA) Debt Consolidation Loans
When you obtain a debt consolidation loan in South Yarmouth, MA, you will use the money to pay down your existing credit lines. Needless to say, the loan itself still has to be repaid. The benefits of debt consolidation loans in South Yarmouth, MA, resemble those of a debt management program, such as consolidated monthly payments, a lot less calls from collections agencies, and cheaper interest levels.
For you to make full use of a debt consolidation loan, you will need to obtain very affordable rates of interest, which takes awesome credit. Get in touch with a debt consolidation specialist to learn which debt consolidation strategy will be ideal for you.
Debt Settlement vs Debt Consolidation in South Yarmouth, MA
Debt settlement and consolidation are different ways of getting out of debt. Debt settlement results in an actual decrease in the debt.
Here we have a chart which should help you figure out if debt settlement or consolidation fits your needs.
|Question||Debt Consolidation||Debt Settlement|
|Single Monthly Payment?||Yes||Yes|
|Free Credit Counseling Provided?||Yes||Yes|
|Results in Reduction in Debt?||No||Yes|
|Interest Rates Reduced?||Yes||No|
|Will Help with Delinquent Loans?||No||Yes|
|Detrimental Impact on Credit?||No||Yes|
|Debt Collectors Required to Quit Phoning You?||No||No|
|Valuable Asset Needed?||No||No|
|Works with Medical Bills?||Yes||Yes|
|Suited to Communal Property Debts?||No||No|
|Suitable for Pay Day Loans?||Yes||Yes|
|Suitable for SMB Debt?||Yes||Yes|
|Suited to Modest Debts?||Yes||Yes|
|Can Creditors File a Claim Against You?||Yes||Yes|
|Better Than Bankruptcy?||Yes||Yes|
|Negative Tax Implications?||No||Yes|
|Can Settle One of Multiple Accounts?||Maybe||Yes|
To decide which strategy is right for you, you need to request a debt analysis.
Consolidating Payday Loans: South Yarmouth, MA
Thanks to the economic downturn, many Massachusetts borrowers have been taking out payday loans. About 944 residents of South Yarmouth get payday loans on a regular basis, and close to 415 of these consumers cannot repay their cash advance loans – that’s almost half! Are you currently overdue on multiple cash advance loans? You’re okay, we work with South Yarmouth MA payday loan consolidation services who will help you:
- Combine several cash loans.
- Minimize excessively high cash advance APR.
- Establish a plan for being free from payday debt.
- Decrease collect agency telephone calls.
Ready to get out of payday debt?
Do You Need Credit Card Consolidation?
Here is the recommended debt load for a typical resident of South Yarmouth, MA:
|Yearly Income||Income Monthly||Recommended Debt Load||Severe Monthly Debt|
You are not the only one in South Yarmouth trying to get out of credit card debt. The fact is, we estimate that 1,521 of South Yarmouth’s 18,148 residents need debt relief.
Debt Consolidation Regulations: South Yarmouth (MA)
In accordance with FTC guidelines, your South Yarmouth debt consolidation company needs to:
- Explain their costs and charges.
- Inform you of how long their programs take.
- Explain how much you have to have set aside before they’ll speak with every credit card company.
- Fully describe any and all risks for your credit rating.
Don’t enroll in a program that’s got a negative name.
- Lobil’s Homepage, Post Office Box 283, 02664
Debt Collectors in South Yarmouth, MA
Despite FDCPA restrictions, a lot of debt collectors engage in sketchy tactics. If you wish to file a complaint against a debt collector, you can do so here: FTC Complaint Assistant.
- None Listed.