If you’ve been overdue on your credit card bills, combining your credit lines and debts into just one monthly payment may relieve some stress.
For a free debt evaluation, you can just fill in our simple contact form. South Carolina Debt Consolidation can connect you to a debt consolidation consultant in Abbeville, SC, given the amount you owe, your location, and various other variables.
Credit Card Consolidation in Abbeville (SC)
Practically every South Carolina resident has a credit card, and a lot of them don’t pay down their balance on a monthly basis. Luckily, there are solutions. In terms of debt consolidation, Abbeville consumers generally elect to consolidate their debts within a debt management program. Debt management plans, usually affiliated with one of the credit counseling agencies in Abbeville, SC, will allow you to repay 100% of what you owe through one easy payment per month. The advantages are substantial: cheaper interest levels, monthly payments, and extra charges. More often than not your credit providers begin giving you these benefits because it will cost them more money if you default. In addition, these types of plans are generally rather reasonably priced. Sign up should cost around $75, and monthly fees $25-40.
Abbeville (SC) Debt Consolidation Loans
Loans for debt consolidation are used to pay back your credit lines with a considerably better annual percentage rate. Proponents of debt consolidation loans point out several viable advantages:
- Way Fewer Calls from Debt Collectors
- Fewer Inconveniences
- Lesser Interest Rate
- Consolidated Costs
As your past credit balances will be paid off, your FICO scores shouldn’t be adversely affected.
A lot of people look to repay the money they owe using a home equity loan, because there are tax advantages. But remember, as this kind of loan is backed by your home, the bank or loan provider could get your home if you are late on your payments. Meet with a debt consolidation consultant to see which option is ideal for you.
Assessing Your Debt: Abbeville, SC
Preferably, the amount of debt you owe each month should account for roughly 1/3 of what you make. Such debts include credit card bills, automobile/payday loans, and rent or home loan repayments. Why don’t we take a look at what this means for the typical individual in Abbeville, SC:
- Income Annually: $32,584
- Income Per Month: $2,715
- Ideal Debt Load: $977
- Severe Debt Load: $1,358
Do you owe at least $10,000 in credit debt? Then you need to consult a debt consolidation specialist near you.
Consolidation Firms: Abbeville (SC)
- SC debt consolidation company? Contact us!
Debt Collectors in Abbeville (SC)
- None Listed.