Have you got more than $10K in credit card debt? Well then companies that help clients consolidate credit card and/or payday loan debts in Pawleys Island, SC.
To get in touch with a debt consolidation specialist, all you need to do is call us or complete our contact form. We can match you to a debt consolidation agency in accordance with factors like:
- What You Owe.
- Where You Live.
The extremely high annual percentage rates associated with credit cards can result in significant debt. South Carolina Debt Consolidation may be able to help.
When it comes to debt consolidation, Pawleys Island residents typically decide to combine their debts within a debt management plan. This debt management plan has many benefits:
- Just One Monthly Payment
- More Affordable Annual Percentage Rates
- Reduced Late Payment Fees
Additionally, these types of plans are normally pretty reasonably priced, only $25-40 each and every month.
You will find two primary types of debt consolidation loans: unsecured personal loans and loans collateralized by a home or other property, of which the second is most popular.
Instead of posting payments to several different debt collectors every month, you will only need to worry about your monthly loan payment.
Of course, you need good credit to get a loan such as this, and it may take more time to pay back this loan than it would you credit cards.
Wondering if a debt consolidation loan is best for you?
Debt Settlement vs Debt Consolidation in Pawleys Island, SC
A lot of people mix up debt consolidation and debt settlement. In contrast to debt consolidation, debt settlement results in a considerable reduction in the debt. Regrettably, debt settlement negatively affects your credit score, and pardoned debts are taxable. Because of this, debt settlement should be talked over with a professional to make certain that you fully grasp the potential risks.
To figure out which strategy would suit you best, it’s essential to request an evaluation of your present debt – at zero cost!
Pawleys Island, SC Debt Analysis
To decide which debt relief approach you should go with, you need to understand what your debt-to-income ratio is. Ideally, no more than 33% of your monthly income would be invested in paying down what you owe. Such debts incorporate credit card bills, loans, and rent/mortgage repayments. Let’s suppose you earn $4,445 each month, which is about average average for Pawleys Island residents, then, preferably, you would spend around $1,600 monthly. Unfortunately, many Pawleys Island residents are carrying substantial debt, with debt-to-income ratios of more than 50%. That means they are spending more than $2,223 each month!
If your debt load each month is over 50%, it is time to get in touch with a debt consolidation expert near you.
Settling on a Debt Consolidation Firm in Pawleys Island, SC
The FTC has detailed policies that govern how these companies ply their trade.
In keeping with FTC guidelines, your Pawleys Island SC debt consolidation organization is required to give you the following information before you sign up for their program:
- Signup and fees each month.
- How long their program takes.
- How much you have to save before they’ll contact each creditor.
- How your credit ranking will be impacted.
It would definitely be too risky for you to decide on a service at random. You’ll want to talk to friends or colleagues who have been clients of firms you’re considering. On the other hand, you can have us get you in contact with a debt consolidation company in Pawleys Island through our online application.
- SC debt consolidation company? Contact us!
Debt Collections Agencies: Pawleys Island, SC
- None Listed.