If you’re finding it hard to pay back the money you owe, combining your credit card accounts and debts into one easy payment amount may simplify things.
For a no obligation debt consolidation consultation, all you have to do is complete our simple online form. SC Debt Consolidation can connect you with a debt consolidation agency in Marion, SC, based upon variables like:
- Your Debt Profile.
- Your Location (Marion).
Credit Card Debt Consolidation: Marion, SC
The high rates of interest that come with credit cards can result in considerable debt or even bankruptcy. Fortunately, there are options. Would you like to get out of debt faster, with less interest and bank charges? If so, you should probably take part in a debt management plan. These plans, often managed by a credit counseling company, allow you to pay back everything you owe with a single payment per month, as well as decreased interest rates, payments, and service fees. In most cases your creditor begins offering these benefits after three straight installments are made.
If you’re looking for a debt consolidation program in Marion, SC, this is one of the cheapest ways to go.
Marion (SC) Debt Consolidation Loans
Debt consolidation loans come in two varieties: unsecured bank loans and loans secured by your home. The latter is most common.
As opposed to posting payments to numerous credit card companies each and every month, you’ll need to worry about your monthly installment.
In contrast to other Marion debt consolidation options, you won’t learn as much about saving money as you would during a debt management plan, nor will your credit card debt be slashed as it is during Marion SC debt negotiations. Is a debt consolidation loan a good idea?
|Question||Debt Management||Home Equity Loan|
|One Payment Per Month?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Credit Balances Reduced?||No||No|
|Annual Percentage Rates Lowered?||Yes||Yes|
|Damaging Impact on Credit?||No||No|
|Collectors Cease Phoning You?||Somewhat||Yes|
|How Much Time?||3-6 Years||10-15 Years|
|Preferable to Bankruptcy?||Yes||Yes|
To figure out which solution would suit your needs, we suggest you seek the advice of a debt professional – for free!
Debt Settlement vs Consolidation in Marion (SC)
Debt settlement and consolidation are different approaches to getting rid of debt. As opposed to debt consolidation, debt settlement leads to a real elimination of part of what you owe. Of course, debt settlement negatively affects your credit rating, and you have to pay taxes on the debt savings, as if it was a source of income. Because of this, debt settlement should be reviewed with a professional before any decision is made.
To determine which option fits your needs, we recommend you contact a debt professional.
Do You Need Credit Card Consolidation?
Have you figured out how much unsecured debt you have?
Here is the optimal monthly debt for a typical Marion resident:
|Yearly Income||Per-Month Income||Recommended Debt Load||Problematic Monthly Debt|
If your debt load each month is higher than 50%, it is high time to speak with a debt consolidation consultant in your area.
Debt Consolidation Firms: Marion, SC
- SC debt consolidation company? Contact us!
Debt Collectors: Marion (SC)
In spite of FDCPA restrictions, many debt collectors indulge in sketchy tactics. Generally, collection agency calls will be lessened once you sign up for a South Carolina debt consolidation program.
- None Listed.