IL Debt Relief

Debt Consolidation: Evanston (IL)

At Debt Consolidation Illinois, we match our clients with Evanston debt consolidation pros whose goal is to:

  • Lower their payment amounts
  • Bring down their interest rate
  • Reduce debt collection calls

Whether you opt to go with with a loan or without one, you should pay off all of your debt, but you’ll enjoy a more advantageous payment scheme, as well as few calls from debt collectors.

A licensed debt consolidation specialist can help you decide which solution is ideal for you.

>> How Much Could Debt Consolidation Help You Save? Let’s See!

The most common form of debt consolidation in Evanston, IL, means managing debt through a credit card consolidation program.

These programs, usually managed by a credit counseling agency, let you pay back your debt fully over time with just one monthly payment, not to mention decreased interest rates, monthly payments, and fees. Usually your creditors begin giving you these benefits after you send them three straight repayments. If you are searching for a credit card consolidation company in Evanston, IL, this is among the most affordable solutions, just $25-40 monthly.

>> How Much Could Debt Consolidation Save You? Let’s See!

When you have a good credit score, you can probably secure a debt consolidation loan to pay off your credit card debt.

Proponents of debt consolidation loans emphasize a number of legitimate advantages, such as single monthly payments, hardly any calls from collections agencies, and more affordable rates of interest. If you have a bad credit report, getting a debt consolidation loan in Evanston will be an issue.

Speak with a debt consolidation specialist to check which debt relief option is ideal for you.

>> Free No Cost Debt Assessment!

Payday Loan Consolidation in Evanston (IL)

Payday Loan Consolidation Loans Evanston IL

A lot of Evanston residents owe payday loans to an array of loan companies. The statistics are truly staggering:

  • 4,102 people in Evanston obtain at least one payday loan each year.
  • 3,117 people in Evanston obtain at least two payday loans each year.
  • 1,805 Evanston residents are late on their payday loan.

This means that nearly 50% of payday loan customers find it difficult to pay off these loans!

Are you currently late on more than one payday loan? You’re okay, we can connect you with payday loan consolidation companies in Evanston, IL, who will help you consolidate your payday loans into one single payment amount, manage telephone calls from collection agencies, and reduce the outrageous loan rates on these types of loans.

Do you need to learn about payday loan laws and regulations in Illinois? Check this page Illinois payday loan laws and regulations.

When to Consolidate Your Debt

Do you know how much credit card debt you have? Preferably, the amount of debt you owe monthly should comprise only a third of your income. This includes credit card bills, car/payday loans, and rent or home loan repayments. Consider what this means for the average consumer in Evanston, IL:

  • Yearly Income: $32,364
  • Per-Month Income: $2,697
  • Recommended Debt Load: $971
  • Serious Debt Load: $1,349

Does it feel like you are all on your own, battling debt? You are not. Truth be told, we have calculated that 6,611 of Evanston’s 78,876 residents could use help with debt.

Credit Card Debt Consolidation Regulations

You should not become a client of any Evanston debt consolidation agencies that charge advance fees, don’t give key details, do not tell you the savings required for consolidation, or ask you to open a savings account from which you can’t pull out funds without fees.

Please don’t enroll in a debt consolidation program in Evanston, IL, that’s got a poor reputation.

Debt Consolidation Agencies in Evanston, IL

  • Metropolitian Financial Management, 2530 Crawford Ave, 60201
  • A American Debt Consolidation, 1638 Maple Ave, 60201