Credit counselors are becoming increasingly desirable for people in Highland Park suffering from financial problems, adverse credit, or overwhelming debt.
We have partnered with credit counselors and debt management firms to help you get the debt relief you’re looking for.
Debt management and credit counseling organizations get paid a percentage of what you pay down, aka Fair Share. For that reason, the costs are generally very reasonably-priced, from $0-40 a month.
When to Schedule a Credit Counseling Consultation: Highland Park, IL
Anyone reviewing a credit application wants to know how much comes in, how much goes out. There are criteria that will show you where you’re at financially. Let’s see a few figures based around a salary of $6,290 a month. For people in Highland Park, this is an average income.
- $2,264 (36%): Perfect
- $2,327 to $2,642 (37-42%): Decent
- $2,705 to $3,145 (43-50%): Problematic
- $3,145 or higher (50%): Excessive
Managing Debt: Highland Park (IL)
Imagine if you’re spending $3,145 each month and your income is only $6,290. Then your credit counseling specialist will probably recommend that you enroll in a debt management plan or DMP. If you sign up for a debt management plan, you may enjoy:
- Cheaper APR Rates
- Reduced Collector Phone Calls
- Single Payment Per Month
- Quicker Way out of Debt
You won’t need to talk to your creditors, as your credit counseling specialist will take care of things from this angle.
Highland Park Credit Counseling vs Other Available Choices
Generally debt management plans strive to have your debts paid back in 36-60 months. Your credit scores typically won’t decrease, but it usually is hard to get approved for new a line of credit such as a car or property loan. If you were to settle what you owe at a reduced sum through Highland Park debt settlement, your credit rating would probably be severely damaged. Although a Highland Park, IL debt consolidation loan may stop your credit ratings from dropping, this approach is tricky because you could lose whatever you used as collateral for the loan
Choosing a Credit Counseling Company: Highland Park (IL)
As an industry, credit counseling has been recognized by the Federal Trade Commission (FTC) and other state and federal authorities, but respected credit counseling companies typically offer up:
- Qualified Counselors
- Real Testimonials
- Straight Answers
- Free Advice (DMPs do have fees each month)
- Documented Action Plan
For additional information, check out this FTC guide on the subject.
If you let us arrange a totally free evaluation, you can be more confident that you’re going to be matched up with one of the better debt management companies your area.
Credit counseling should reduce the amount you’re having to pay, but just how much will depend on your finances and creditors
To determine exactly how much a DMP could save you, you need to get in touch with a knowledgeable Highland Park credit counselor – today!
Though not free, managing debt is a reasonably-priced solution for a lot of Highland Park residents. Enrollment typically costs less than $75, and a fee every month of $25-$30. When it comes to the exact debt payments, you’ll ordinarily have to pay 2.1 to 2.5% every month to your credit counseling company.
Debt and Credit Counseling: Highland Park, IL
- Albrecht Robert A, 853 Pleasant Ave, 60035