If you happen to be researching Myrtle Beach debt consolidation services, we’re here to assist you.
With debt consolidation of any kind, you’ll pay off everything you owe, but you’re going to only have one monthly payment.
To find out which type meets your needs, it’s best to check with a skilled Myrtle Beach debt consolidation specialist.
Debt Management in Myrtle Beach (SC)
The sheer number of people who’ve got an array of credit cards and a variety of missed payments is unbelievable. Fortunately, we may be able to help.
There are as many as 6,748 people in Myrtle Beach who qualify for debt consolidation of some sort, and the majority would benefit from a debt management plan more than anything else.
These programs, often administrated by a credit counseling company, let you pay your creditors in full in 36-60 months through just one monthly payment, as well as cheaper rates, installment payments, and penalties. Most of the time your creditors start providing these perks once you demonstrate a history of timely repayments. If you’re looking for a debt consolidation program in Myrtle Beach, SC, this is one of the least expensive ways to go, only $25-40 monthly.
Should you take out a debt consolidation loan in Myrtle Beach, SC, the funds are used to pay your active credit cards. You still have to pay back the amount you borrowed, but the rate of interest might be more advantageous.
As opposed to delivering payments to several different collectors every month, you’ll simply have your monthly debt consolidation loan payment. That said, you are simply replacing unsecured debt with secured debt.
Is a debt consolidation loan best for you?
Myrtle Beach, SC Payday Loans Consolidation
A lot of Myrtle Beach borrowers are trying to pay off payday loans to two or more loan creditors. The figures are astonishing:
- 4,186 Myrtle Beach residents secure one or more payday loans every year.
- 3,182 of these people obtain 2 payday loans each and every year.
- 1,842 of these people are overdue on their payday loan.
Are you late on a number of payday cash advances? Fear not, we work with a payday loan consolidation firm in Myrtle Beach, SC, that will:
- Decrease extortionate payday loan interest rates.
- Reduce debt collector calls.
- Consolidate two or more payday loans.
- Create a budget for being free from payday debt.
Eager to consolidate your payday loans?
Debt Analysis: Myrtle Beach, SC
To figure out which debt consolidation approach meets your needs, you must understand your debt to income ratio.
In a perfect world, the amount of debt you owe each month should comprise about 33% of your wages. This incorporates ones that are secured and unsecured:
- Credit Card Balances
- Automobile, Student, and Payday Loans
- Home Loans
Let’s consider how this works for the average consumer in Myrtle Beach, SC:
- Yearly Income: $22,631
- Income Per Month: $1,886
- Ideal Debt Load: $679
- Excessive Debt Load: $943
Is your debt load higher than 50%? If that’s the case, you really should contact a debt consolidation expert in Myrtle Beach, SC.
Debt Consolidation Standards
Staying away from dishonest debt consolidation companies is a snap, as long as you know the FTC guidelines. Avoid any vendors that charge signup dues, do not give basic information or savings required for consolidation to begin, or make you open a bank account at an establishment that’s not FDIC insured.
Stay clear of any debt consolidation consultants which have a history of dishonest conduct, and for additional information, read the FTC reports in our links area.
Debt Consolidation Programs: Myrtle Beach (SC)
- Ics Inc, 1953 Highway 501, 29577
- Phoenix Credit and Debt Consulting, 714 67th Ave N, 29572
Debt Collections Agencies: Myrtle Beach (SC)
Collectors can be positively vicious. If you’d like to file a grievance against a debt collector, you can do so via FTC Complaint Assistant.
- ASI, 1104 Spring Ave., 29575