We can help you consolidate the money you owe into a single payment a month.
To get in touch with a debt consolidation expert, just fill in our simple contact form. Debt Consolidation South Carolina can match you with a debt consolidation firm based upon how much you owe, where you live, and your personal preferences.
Debt Management in Beaufort (SC)
The expensive annual percentage rates associated with credit card accounts can lead to major debt and even bankruptcy. Luckily, there are options.
In terms of debt consolidation, Beaufort residents generally choose to combine their debts under a debt management program. These programs will allow you to pay back your debts in full through just one payment amount. The benefits are considerable: decreased interest levels, monthly payments, and penalties. More often than not your credit card providers or other creditors begin presenting these perks as a way to encourage you to repay your debt. Additionally, debt management plans are one of the least expensive strategies for consolidating debt in Beaufort, SC.
Beaufort (SC) Debt Consolidation Loans
The funds from a debt consolidation loan are used to pay down your credit cards and other debts. The main advantages of debt consolidation loans in Beaufort, SC, resemble those of debt management programs:
- A Lot Fewer Collections Calls
- Lesser Annual Interest Rates
- Consolidated Debt
Given that your previous credit card debts will be paid off, your credit scores will not be negatively impacted. If you were to go with a home equity loan, there may be positive tax implications. On the other hand, if you default on a secured loan, your home could be foreclosed on.
Is a debt consolidation loan best for you?
|Questions||Debt Management||Debt Consolidation Loan|
|Single Payment Per Month?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Results in Reduction in Debt?||No||No|
|Reduced Interest Rates?||Yes||Yes|
|Harmful Impact on Credit Scores?||No||No|
|Debt Collectors Stop Contacting You?||Sometimes||Yes|
|Valuable Asset Needed?||No||Yes|
|Could Lose Home?||No||Yes|
|How Much Time?||3-6 Years||10-15 Years|
|Preferable to Bankruptcy?||Yes||Yes|
To determine which strategy would meet your needs, it is best to speak to a specialist.
Assessing Your Debt Load: Beaufort, SC
If at all possible, around 33% of your income ends up being allocated toward paying back debt. This encompasses pretty much anything you owe, whether secured or not:
- Credit Cards
- Auto, College, and Payday Loans
- Rent or Home Loan Payments
Consider how this works for the typical individual in Beaufort, SC:
- Annual Income: $11,577
- Per-Month Income: $965
- Recommended Debt Load: $347
- Excessive Debt Load: $483
Is your debt load in excess of 50%? If that’s the case, you really should contact a debt consolidation specialist in Beaufort, SC.
Credit Card Debt Consolidation Policies in Beaufort, SC
Staying away from debt consolidation swindles isn’t hard, if you know how to identify a rip-off. Steer clear of any agencies that:
- Want you to pay in advance
- Can’t provide you with testimonials
- Do not have qualified debt specialists
- Advertise thata they will not have an impact on your FICO rating
- Declare that federal programs can erase your debt
- Fail to provide you with key specifics about their services
- Has a negative Better Business Bureau (BBB) record
- Have you open up a savings account you do not control
Keep away from any debt consolidation companys in Beaufort, SC, that have a history of disreputable practices, and for additional information, review the FTC items in our links section.
Debt Consolidation Programs: Beaufort (SC)
- SC debt consolidation company? Contact us!
Debt Collection Agencies: Beaufort (SC)
- None Listed.