Are you looking for reputable consumer credit counselors in your part of Illinois? We have advisors standing by to assess your state of affairs and figure out how much you could save through credit counseling.
For the most part, consumers who could benefit from Springfield credit counseling have the following:
- Owe at Least $2,5000
- Steady Income
- Sincere Ambition to Be Debt-Free
In the long term, credit counseling does much less harm to your credit ratings than a debt negotiation program because you never quit making payments to your creditors.
There are 140,231 people living in Springfield, IL, and something like 5,172 are now delinquent on their credit card payments.
Your ratio of debt to income helps to verify whether you’re in need of credit counseling. Have a look at several statistics based on an income of $431 per month, the Springfield average:
- $155 (36%): Great
- $155 to $185 (36-43%): OK
- $185 to $216 (43-50%): Problematic
- $216 plus (50%): Excessive
Debt Counseling Programs in Springfield (IL)
Suppose you’re having to spend $216 monthly and you only make $431. In that case, your credit counselor might want you to enroll in a debt management program (DMP). With a DMP, your Springfield IL credit counselor may able to cut a deal for decreased APR’s and better terms from your credit card companies. You don’t have to talk to your creditors, as the credit counselor will take care of this end of things.
How to Avoid Credit Counseling Shams: Springfield (IL)
As long as you find a good agency, credit counseling can certainly help. Truth be told, the FTC now requires it for individuals declaring bankruptcy in Illinois and countrywide, but good credit counselors typically have:
- Certified Consultants
- Valid Testimonials
- Direct Answers
- Cost-Free Counseling Sessions
- Documented Action Plans
Remember that being a non profit doesn’t necessarily mean that a credit counseling firm is respectable. Naturally, we can help you find an appropriate counseling or debt management solution based upon your distinct needs.
Credit counseling is meant to reduce how much you’re shelling out, but just how much depends on your finances and creditors
To learn just how much a DMP could save you, contact a skilled credit counselor in Springfield, IL – today!
Post-Bankruptcy Credit Counseling in Springfield (IL)
The economic downturn ended up being an issue for everybody, and bankruptcies have become rampant in Springfield and across Illinois. Of the 140,231 people who live in Springfield, it’s estimated that 778 have declared bankruptcy.
As required by the FTC, you must enroll in a credit counseling course before you can file for bankruptcy. The program has to be within half a year of when you file. You can attend the program in person, by phone, or online, as long as you get the required certification
The process usually lasts less than two hours, and may cost around $50. However, the cost must be waived if you can’t afford it.
For an approved list of approved pre-bankruptcy credit counseling services for Springfield residents, check this page, or you can speak with a qualified debt advisor:
Consumer Credit Counseling Services: Springfield, IL
The NFCC (National Credit Counseling Foundation) is the leading network of not for profit credit counseling services in Illinois, and their affiliates are usually called CCCS, or the Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Springfield, IL, will normally be a not for profit organization which makes use of an NFCC member seal. Generally a CCCS agency will supply:
- Pre/Post Bankruptcy Credit Counseling
- Housing Counseling
- Credit Report Reviews
- Debt Management Plans
To find the nearest CCCS location in Springfield, IL, take a look at the directory of agencies we offer. If you do not see one, you can do a seach on the NCFF website: http://www.nfcc.org/FirstStep/firststep_01.cfm
Debt Management and Credit Counseling Agencies in Springfield, IL
- Clearpoint Financial Solutions, 2937 Stanton St, 62703
- Mycpr Inc, 1104 S 2nd St, 62704
- Pro-Com Svc of Illinois, 2427 S MacArthur Blvd, 62704