Are debts and financial woes stressing you out? In that case, it’s a good time to enlist the services of a credit counseling firm in East Saint Louis, IL.
Let us match you to a debt relief consultant who can:
- Assess Your Debt Profile.
- Get You a Savings Estimate.
- Help You Find the Best Solution.
The best candidates for credit counseling have regular work, debts of more than $3K, and have thought about filing bankruptcy.
Keep in mind, credit counseling doesn’t reduce your debt, but it looks a lot better to prospective lending institutions than a debt negotiation program.
Do You Need Debt Counseling in East Saint Louis, IL?
Your debt to income ratio, also referred to as DTI, helps to confirm whether you need credit counseling. Let’s view a few figures based on an income of $1,913 monthly. That’s the average in East Saint Louis.
- $689 (36%): Great
- $708 to $803 (37-42%): Okay
- $823 to $957 (43-50%): Too High
- $957 or more (50%): Critical
Debt Management: East Saint Louis, IL
What if you’re spending $957 per month, but you only earn $1,913? Then your credit counselor could very well want you to participate in a debt management program. By participating in a DMP, you might enjoy:
- Lowered Interest
- Reduced Debt Collection Calls
- Consolidated Payment On a Monthly Basis
- Quicker Freedom From Debt
Your credit counseling service will handle payment to the credit card companies every month. The only thing you have to do is supply them with the prearranged monthly payment.
Settling on a Credit Counseling Service: East Saint Louis, IL
So long as you find a reputable company, credit counseling can be highly effective. Truth be told, the FTC now demands it for individuals filing bankruptcy. Nonetheless, here is how to ensure that your East Saint Louis credit counseling specialist is highly regarded:
- Request testimonials
- View their certifications
- Double check that your counselor is certified
For details, look at this FTC article on the subject. It goes without saying, we assist you in finding an appropriate counseling or debt management solution based upon your distinct needs.
Credit counseling isn’t going to decrease the existing amount you owe. The good news is, you might not have to pay as much every month as you had been paying, if your credit card companies accept the terms of the debt management program. Are you ready to discover how much credit counseling in East Saint Louis, IL, will save you?
Pre-Bankruptcy Credit Counseling: East Saint Louis, IL
Bankruptcy is becoming rampant in Illinois, don’t you think? East Saint Louis has 82,703 residents, and approximately 459 have found it necessary file for bankruptcy. Since 2005, anybody in East Saint Louis who would like to file for bankruptcy should first receive an official document showing that they participated in an approved credit counseling program in East Saint Louis, IL.
You are not required to pay a visit to a local East Saint Louis credit counseling agency. Services are available on the web and over the telephone, as well as personally.
The session usually lasts an hour and a half, and may cost around $50, but the charge must be waived if you’re unable to pay.
For an approved list of approved Illinois credit counseling programs, just click here, and you can speak to a seasoned debt expert:
Non-Profit Credit Counseling Service: East Saint Louis, IL
Illinois’s largest non profit credit counseling service is the NFCC. Their network is often known as the Consumer Credit Counseling Service, or CCCS. In East Saint Louis, Illinois, a Consumer Credit Counseling Service will usually be a community not for profit that is a affiliated with the NFCC. Ordinarily a CCCS agency will provide East Saint Louis bankruptcy credit counseling, money management seminars, and housing assistance. Be ready to spend roughly a maximum of $50 on a monthly basis.
To find the nearest CCCS agency in East Saint Louis, IL, please check the list of East Saint Louis credit counseling agencies this site offers. If you aren’t seeing one, you can perform a seach on the NCFF website by going here
Debt Management and Credit Counseling: East Saint Louis (IL)
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