If you are delinquent on your credit cards, combining your credit lines and debts into a single payment every month may help.
To speak with a debt consolidation specialist, simply fill out this simple form. You will be on the road out of debt in no time.
Debt Management: Rantoul (IL)
The most popular form of debt consolidation in Rantoul, IL, will involve managing debt through a credit card consolidation program.
Debt management plans enable you to repay your credit card issuers in full in 3-5 years through just one payment amount, not to mention lower rates of interest, monthly payments, and penalties. Ordinarily your card companies or payday lenders starts providing these benefits following three straight installments are submitted. In addition, these kinds of programs are generally pretty affordable.
Rantoul, IL Debt Consolidation Loans
If you’ve got favorable credit, you can probably use a debt consolidation loan to repay your debt. Advocates of debt consolidation loans highlight several merits:
- Reduced Collections Calls
- Less Stress
- Lesser Rates
- Consolidated Costs
Because your prior credit balances will be paid back, your credit scores will not be negatively affected. Good candidates for credit card debt consolidation loans in Rantoul have fantastic credit and considerable income, because these are necessary to help you get a loan with a relatively inexpensive interest rate.
If you would like start on the path to being debt-free, you need to speak with one of our debt professionals.
Payday Loans Consolidation: Rantoul (IL)
In Rantoul, it seems like payday debt is almost as serious an issue as unsecured credit card debt. Look at these numbers:
- Rantoul residents who’ve got at least 1 payday loan: 738
- People in Rantoul with more than one payday loan: 561
- People in Rantoul that have defaulted on these loans: 325
Fortunately, we work with Rantoul IL payday loan consolidation agencies.
Do you want to learn more about payday loan policies in Illinois? Visit Illinois payday loan regulations.
How much credit card debt do you owe?
In a perfect world, no more than 33% of the income you make per month should be invested in paying back what you owe. Such debts include credit card bills, loans, and rent or home loan payments. If you earn $3,095 every month, about average average in Rantoul, then, if possible, you would spend no more than $1,114 each month. Sadly, many Rantoul residents are in substantial debt, classified as debt-to-income ratios (DTI) of 50% or more. They’re shelling out more than $1,548 monthly!
If your debt to income ratio is greater than 50%, it is time to talk to a debt consolidation consultant in your area.
Debt Consolidation Scams: Rantoul (IL)
Keep away from any Rantoul IL debt consolidation companies that:
- Make you pay upfront
- Won’t provide references
- Don’t have accredited counselors
- Advertise thata their programs will not influence your credit rating
- Declare that federal programs will erase your debt
- Don’t disclose how long their program will take
- Misrepresent their results
- Has a negative BBB (Better Business Bureau) record
Don’t ever be part of a program that has a bad track record.
Payday Loan and Credit Card Consolidation Agencies in Rantoul (IL)
- IL Debt Consolidation Company? Email us for a Free Listing!