Are collectors pestering you for payment? If that’s the case, we can help you find debt consolidation companies in Calumet City, IL, that can help you consolidate your credit card or payday loan debt.
Generally, debt consolidation involves paying back everything you owe. This is normally better for your credit scores ultimately than debt settlement. An experienced debt consolidation specialist can offer you more information about which option is right for you.
There are around 3,274 people in Calumet City who could benefit from debt consolidation of some type, and most would be best served by a debt management plan. A DMP provides many benefits:
- Consolidated Monthly Payment
- Cheaper Interest Rate
- Forgiven Penalties
What’s more, these programs are generally quite cheap:
- Sign up: $75 or less
- Fee Every Month: $20-40
There are two main types of debt consolidation loans: unsecured loans and home equity loans. The second option is most popular.
The advantages of debt consolidation loans in Calumet City, IL, reflect those of a debt management plan:
- A Lot Fewer Calls from Collection Agencies
- Fewer Hassles
- Cheaper Interest Rate
- Consolidated Debt
- Less Credit Score Complications
Lots of people try and pay back their debts using home equity loans, as there are tax benefits to doing so. That said, because this kind of loan is leveraged by your own home, the bank or lender could end up getting your home if you aren’t making your payments. To determine if a debt consolidation loan is the best solution, you really need to seek the advice of a service that offers debt consolidation in Calumet City, IL.
Consolidating Payday Loans: Calumet City (IL)
Trying to consolidate payday loans in Calumet City, IL, has become nearly as commonplace as working to consolidate credit card bills. The stats are quite astounding:
- 2,031 Calumet City residents obtain 1 payday loan each and every year.
- 1,544 of these people get 2 payday loans per annum.
- 894 of these people are late on at least one payday loan.
That means that nearly 1 in every 2 payday loan customers find it difficult to repay these loans! On the plus side, we can help you find Calumet City IL payday loan consolidation firms that can consolidate your Calumet City payday loans into just one monthly installment, manage calls from loan companies, and greatly reduce the outrageous rates of interest affiliated with these sorts of loans.
Hoping to consolidate your payday loans?
Assessing Your Debt Load: Calumet City, IL
Let’s look at the optimum monthly debt for a typical Calumet City resident:
|Annual Income||Monthly Income||Recommended Debt Load||Excessive Monthly Debt|
If your debt to income ratio is higher than 50%, it is high time to seek the advice of a debt consolidation consultant near you.
Debt Consolidation Agencies in Calumet City, IL
- Anointed Financial Services Inc, 1259 Burnham Ave, 60409