If you feel as if your life has gotten off track financially, there’s help. Ready to talk to a certified Bridgeview credit counseling company about becoming debt-free?
Generally consumers in need of Bridgeview credit counseling have steady income, debt of more than $10K, and the passion to be free of debt.
Credit counselors have you pay all of the debt to your creditors, as well as interest, which ends up being significantly better for your credit ratings over the long haul than debt settlement.
We have to assume that 595 of Bridgeview’s 16,138 residents are in need of credit counseling.
Time to Seek Credit Counseling Assistance: Bridgeview, IL
Your debt to income ratio helps to assess how much your finances warrant credit counseling. Have a look at some figures based around a salary of $42,917 annually. For residents of Bridgeview, this level of income is average.
- $1,287 (36%): Great
- $1,287 to $1,538 (36-43%): Decent
- $1,538 to $1,788 (43-50%): Cause for Concern
- $1,788 or higher (50%): Acute
Credit Counseling Plans: Bridgeview, IL
Debt management programs are practically interchangeable with credit counseling. As part of a debt management program, your Bridgeview IL credit counselor may able to obtain more affordable APR’s and costs from your credit card companies. With any debt management plan in Bridgeview, IL, the credit counseling service will address payment to the credit card companies each month. The only thing you’ll have to do is hand them one single payment per month.
Steering Clear of Credit Counseling Shams: Bridgeview, IL
In general, credit counseling has been vetted by the FTC and other federal authorities. But you really need to make perfectly sure that your credit counseling firm is a good one. You can do this in various ways, for example reading their customer reviews, examining their official certification status, and looking at their Better Business Bureau page.
Just remember, being a nonprofit does not guarantee that a credit counseling agency is reputable, and for profit does not mean they are dishonest. Of course, at Debt Consolidation Illinois, we can assist you in finding a good counseling or debt relief plan based upon your specific needs.
How Much Will Credit Counseling Save You?
Some folks incorrectly assume that credit counseling is pointless given that it cannot greatly reduce the debt you owe, but they don’t realize that a DMP ought to lower your interest levels – a highly effective way to lower your expenses.
Are you ready to learn how much credit counseling in Bridgeview, IL, could help you save?
Credit counseling agencies in Bridgeview and across the nation are not allowed to charge upfront fees, according to the FTC.
How much will a debt management program cost? Generally $25-30 each month, on top of a setup fee of around $100.
Many DMP’s will require that you pay off 2.5% of what you owe a month.
Let’s look at a breakdown of how much this amounts to, based on varying levels of consumer debt.
Credit Counseling and Debt Counseling Agencies in Bridgeview, IL
- The Law Office of Mark A Laws, 35 E Wacker Dr, Fl 9th, 60455