If you have been under pressure to pay off the money you owe, combining your credit cards and non-secure loans into one single payment every month may help you get things back on track.
Traditionally, debt consolidation entails paying back your full debts, which is usually better for your credit ratings in the long run than settling with your creditors for a reduced sum (debt settlement).
Want to get out of debt? Get in touch with a debt consolidation service in Orangeburg, SC. It’s easy!
Credit Card Consolidation: Orangeburg, SC
Credit cards can be as hazardous as they are handy. We can help. Would you like to get out of debt more quickly, with less interest and penalties? Then you may want to enroll in one of the debt management plans in Orangeburg, SC. This DMP has lots of advantages:
- Single Monthly Payment
- More Affordable Annual Percentage Rates
- Fewer Late Fees
If you are looking for a debt consolidation company in Orangeburg, SC, this is among the most inexpensive options.
As we we previously discussed, debt consolidation may involve getting a loan which is used to pay back your credit card balances and other debts.
The wide array of payments you were submitting to various banks will be transformed into one easy monthly installment – your loan’s payment.
Of all the available programs for debt consolidation in South Carolina, a debt consolidation loan has the best impact on your credit score. However, it can be risky. If the loan is collateralized by the value of your loan, don’t forget what will happen if you fail to pay. If you don’t have a property to collateralize the loan, the interest will probably be too expensive. Talk with a debt consolidation consultant to determine which option will be best for you.
|Question||Debt Management||Home Equity Loan|
|One Payment Per Month?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Annual Percentage Rates Reduced?||Yes||Yes|
|Bad for Credit Report?||No||No|
|Debt Collectors Quit Contacting You?||Often||Yes|
|Will Need Collateral?||No||Yes|
|Could Lose Home?||No||Yes|
|Time Required?||3-6 Years||10-15 Years|
|Preferable to Bankruptcy?||Yes||Yes|
To decide which alternative meets your needs, we suggest you request a debt assessment.
Orangeburg, SC Payday Loan Consolidation
In Orangeburg, payday debt is almost as prevalent a concern as unsecured credit card debt. Look at the following projections:
- Orangeburg residents who get payday loans: 2,428
- People in Orangeburg who’ve got multiple payday loans: 1,845
- Orangeburg residents that are delinquent on their payday loans: 1,068
Fortunately, we work with Orangeburg SC payday loan consolidation services. Are you ready to break free from payday loan debt?
Debt Analysis: Orangeburg, SC
Do you know how much unsecured debt you owe? Preferably, the amount of debt you owe on a monthly basis will take up no more than 1/3 of your wages. This consists of credit card bills, loans, and rent/home loan repayments. Here’s what this means for a typical individual in Orangeburg, SC:
- Annual Income: $17,211
- Per-Month Income: $1,434
- Recommended Debt Load: $516
- Severe Debt Load: $717
Is your debt load in excess of 50%? If so, you need to get in touch with a debt consolidation professional in Orangeburg, SC.
- Consumer Credit Counseling Service, 976 Middleton St, 29115
Debt Collectors in Orangeburg, SC
Collection agencies can be utterly merciless. Luckily, after signing up for a debt consolidation program, your consolidator will often take the calls from debt collectors. Regrettably, collectors are not required to abide by this request.
- None Listed.