Enlisting the help of a professional Lakewood credit counseling firm could be step one toward financial freedom. Credit counseling is an economical way of scaling back your debt payments that doesn’t involve absolutely ruining your credit.
Perfect individuals have steady work, credit card debt of over $10K, and are able to repay 2.5% of their outstanding debt on a monthly basis.
When it comes to credit counseling, you will pay the full balance owed on your balances, including interest, which ends up being measurably better for your fico scores over time than debt settlement.
We estimate that 1,655 of the 44,872 residents of Lakewood are in need of credit counseling.
Do You Need Credit Counseling in Lakewood, IL?
How much you earn, how much you owe. There are benchmarks that will tell you what kind of financial situation you’re in. Why don’t we consider several statistics based around a salary of $54,072 annually. For residents of Lakewood, this level of income is average.
- $1,622 (36%): Perfect
- $1,667 to $1,893 (37-42%): Acceptable
- $1,938 to $2,253 (43-50%): Risky
- $2,253 plus (50%): Extreme
Credit Counseling Programs: Lakewood (IL)
Do you owe at least $10,000 in credit card debt or have a debt-to-income ratio of 50% or more? Then your credit counseling specialist may well say you need to enter a DMP, or debt management plan. If you participate in a debt management plan, you may be able to profit from:
- Lower Interest
- Decreased Debt Collection Agency Telephone Calls
- One Payment On a Monthly Basis
- Quicker Freedom From Debt
Your credit counselor will deal with your creditors directly.
Defending Yourself Against Credit Counseling Ripoffs in Lakewood (IL)
As an industry, credit counseling has been vetted by the FTC and other governmental regulators. But there are a variety of ways to make certain that your Lakewood credit counseling service is good:
- Obtain testimonials
- Check their BBB
- Ensure that your consultant is competent
To read more, look at this FTC post on how to find a credit counselor. If you call us today for a free evaluation, you can be more certain that you are talking to one of the more reputable debt management agencies your area.
Just how much that credit counseling could help you save will depend on your unique financial situation, but your credit counselor can usually make a deal for cheaper annual percentage rates and service fees.
A simple analysis of your finances is required to supply you with an accurate savings quote.
Consumer Credit Counseling Services in Lakewood (IL)
The NFCC (National Credit Counseling Foundation) is the number one network of consumer credit counseling organizations in Illinois, and their members are typically identified as CCCS, or Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Lakewood, IL, will normally be a non profit agency that is a part of the NFCC. Normally a CCCS firm will offer not just consumer credit counseling, but also:
- Pre/Post Bankruptcy Counseling
- Home Counseling
- Financial Programs
Plan to fork out roughly $35 monthly.
To find the closest CCCS office in Lakewood, IL, please check the directory of Lakewood credit counseling agencies this site offers or search the NCFF member directory by clicking here
Credit Counseling / Debt Management Agencies: Lakewood (IL)
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