Debt Consolidation Massachusetts

Debt Consolidation – Waltham (MA)

Debt Consolidation Programs Waltham MA

Are you interested in combining the money you owe into one single payment each month? Then seeking the assistance of a qualified Waltham, MA debt consolidation firm might be the answer.

For starters, all you need to do is complete this convenient form. You’ll be on the way out of debt before you know it.

In too many cases, credit cards are a real liability. Fortunately, we can help.

There are as many as 4,964 people in Waltham who could use debt consolidation of some kind, and most would be best served by a debt management plan.

These plans, normally associated with a credit counseling company, let you pay everything you owe in 36-60 months with a single payment per month, not to mention less expensive rates of interest, payments, and penalties. As a rule your credit card providers or lenders begin presenting these perks once you demonstrate a history of timely repayments.

Also, these programs are normally rather very affordable. Enrolling ought to cost around $75, and fees each month $25-40.

Waltham MA Debt Consolidation

Debt Consolidation Agencies Waltham MA

The logic behind any Waltham debt consolidation loan is straightforward: unsecured loans and home equity loans ordinarily come with less expensive interest rates than credit cards.

Supporters of debt consolidation loans emphasize a number of logical advantages:

  • Fewer Calls from Collection Agencies
  • More Affordable Rate of Interest
  • Combined Costs

As your past credit card bills will be paid in full, your credit scores shouldn’t drop. If you have poor credit, this is usually not the best idea, as impeccable credit is required to get such a loan with rates that are low enough.

Meet with a debt consolidation professional in Waltham, MA, to see which strategy is best for you.

Questions Debt Management Home Equity Loan
Single Payment Per Month? Yes Yes
Good Credit Required? No Yes
Lower Rates? Yes Yes
Bad for Credit Report? No No
Collection Agencies Quit Phoning You? Often Yes
Valuable Asset Required? No Yes
Risk of Foreclosure? No Yes
The Length Of Time? 3-6 Years 10-15 Years
Better Than Bankruptcy? Yes Yes

To determine which strategy suits you best, we suggest you request a debt assessment – at zero cost!

Debt Consolidation vs Debt Settlement: Waltham (MA)

Debt consolidation and settlement are very different ways of getting out of debt. Unlike debt consolidation, debt settlement leads to a significant elimination of a percentage of your debt.

Unfortunately, debt negotiations are damaging to your credit rating, and you have to pay taxes on forgiven debts. For this reason debt settlement should be discussed with a specialist before you make a decision.

To figure out which alternative is right for you, you might want to call an experienced professional.

Debt Evaluation: Waltham, MA

Debt Consolidation Companies Waltham MA

If at all possible, not more than 33% of the income you earn each month will be allotted to paying down debt. These debts encompass ones that are secured and unsecured:

  • Credit Cards
  • Vehicle, Student, and Payday Loans
  • Rent or Mortgage Payments

If you make $2,808 a month, which is about average average for someone who lives in Waltham, then, if possible, you would spend around $1,011 each month. Lamentably, many Waltham residents are in considerable debt, classified as debt-to-income ratios (DTI) of 50% or higher. They’re spending more than $1,432 monthly!

There are 59,226 people living in Waltham, and 4,964 can only afford their minimums month after month. You don’t have to be one.

The Federal Trade Commission has detailed regulations that control how these firms treat consumers. In keeping with the FTC, any Waltham, MA debt consolidation company has to:

  • Clarify their fee structure.
  • Say how long it will be until they call each lender.
  • Let you know how much you need to have set aside before they’re going to connect with each credit card company.
  • Explain how your credit scores could be afflicted.

Picking a service arbitrarily is dangerous. You ought to consult friends who have worked with a specific business. On the other hand, you can request a debt review – there’s zero fees.

Debt Consolidation Providers: Waltham (MA)

  • United States Government – Navy- Recruiting STAS, 7 Lexington St, 02452
  • A American Debt Consolidation, 36 Spring St, 02451

Debt Collectors: Waltham (MA)

  • Allen Daniel Associates, Inc., 411 Waverley Oaks Rd Ste 1, Suite 113, 02452-8448
  • Revenue Management Corp, 520 Main St Ste 202, 02452-5549

Waltham MA Debt Consolidation