IL Debt Relief

Credit Counseling: Ottawa (IL)

If it feels as though everything has gotten off track money wise, there is help.

We can easily connect you to a credit counseling agency based on:

  • Where You Live
  • Your Credit Debt
  • Personal Preferences

Just think. You could find yourself on the way to financial freedom in no time. Get started today!

>> Get a Credit Counseling Evaluation – Now!

Any worthwhile credit counseling specialist in Ottawa, IL, should be able to help you:

  • Combine Your Monthly Payments
  • Lower Your Interest Levels
  • Eliminate Collection Agency Calls
  • Create a Detailed Monthly Budget

Of the 24,207 consumers living in Ottawa, IL, we can assume that 893 may need credit counseling.

>> Get a Free Credit Counseling Quote!

Debt for Ottawa Residents: How Much is Too Much?

The average salary for people in Ottawa is $39,228 per annum, or $3,269 monthly. You need to get in touch with a credit counselor if you earn this much and find you are having to pay $1,406 to $1,635 a month on debts such as:

  • Rent/Mortgage
  • Cash Advance, Car, College Loans
  • Credit Cards

Have you got at least $10,000 in debt or have a DTI of 50% or more? Then your credit counselor may decide you need to sign up for a DMP, or debt management program. As part of a debt management plan, your Ottawa IL credit counseling agency may able to secure more affordable interest levels and better terms from the creditors you owe.

Each month, you will send a predetermined payment to your Ottawa credit counseling agency, and they will then submit the right sums to each of your creditors.

Credit Counseling Ottawa IL

Credit counseling and debt management typically doesn’t have a lasting unfavorable influence on your credit scores, as Fair Isaac has stated they don’t factor in these kinds of programs when computing your ranking, but loan companies may be unable to let you have a new car or home loan when you’re presently enrolled in a credit counseling management program in Ottawa, IL to decrease your existing debt.

Identifying Credit Counseling Ripoffs: Ottawa, IL

Overall, credit counseling has been vetted by the FTC and other government regulators. But it is important to ensure that any credit counselor you work with, is trustworthy. This can be done in many ways, like reviewing their testimonials from others, checking their certification status, and viewing their Better Business Bureau page.

Just remember, being a non-profit won’t guarantee that a credit counseling firm is bonafide, and being for profit does not always mean they’re unethical.

Credit Counseling Ottawa IL

Although credit counseling doesn’t include any reduction of debt, you’ll save a fortune by virtue of reduced interest and reduced fees. Credit counseling helps you save time and cash. Find out more today.

>> Get a Free Savings Quote

Pricing Credit Counseling in Ottawa, IL

Credit Counseling Ottawa IL

How much does a debt management plan cost you? Generally $25-30 per month, besides a startup fee of roughly $75.

In a DMP, the money you fork out each month paying off your credit card debt is usually equal to your minimum credit card payment: 2.5%. Here is a breakdown of how much we’re talking about, based on varying stages of personal debt.

Debt 2.1% 2.5%
$5000 $105 $125
$15,000 $315 $375
$30,000 $630 $750
$35,000 $735 $875
$45,000 $945 $1125
$50,000 $1050 $1250
$55,000 $1155 $1375
$60,000 $1260 $1500
$65,000 $1365 $1625
$75,000 $1575 $1875
$80,000 $1680 $2000
$85,000 $1785 $2125

Pre-Bankruptcy and Credit Counseling in Ottawa, IL

Bankruptcy has become increasingly prevalent in Illinois, don’t you think? Of the 24,207 people who live in Ottawa, around 134 have filed for bankruptcy. Credit counseling is a legal requirement before filing for bankruptcy.

You don’t need to work with one of the credit counseling agencies in Ottawa, IL. Programs are offered online and over the telephone, as well as personally.

The meeting ordinarily lasts less than two hours costs around $50. However, the fee must be waived if you cannot pay.

To find approved Illinois credit counseling programs, visit here, and you can chat with a qualified credit advisor:

Ottawa IL Credit Counseling

Non-Profit Credit Counseling Service: Ottawa (IL)

Non-Profit Credit Counseling Ottawa IL

The NFCC is the number one network of consumer credit counseling firms in Illinois, and their agencies are generally known as CCCS, or the Consumer Credit Counseling Service. A Consumer Credit Counseling Service in Ottawa, IL, will normally be:

  • A Not For Profit
  • Affiliated with the National Foundation for Credit Counseling (NFCC)
  • Qualified by the HUD (Dept of Housing and Urban Development)
  • Endorsed by The COA
  • Have the word CCCS in their Domain

Generally a CCCS agency will supply:

  • Post/Pre Bankruptcy Counseling for Ottawa Residents
  • Housing Assistance
  • Credit Rating Reviews
  • Debt Management Plans

Be prepared to pay about at the most $50 per month.

To locate the nearest CCCS office in Ottawa, IL, reference the list of services on our site or browse the National Foundation for Credit Counseling site.

>> Speak to a Credit Professional Now

Debt and Credit Counseling Agencies in Ottawa, IL

  • Affinity Credit Services, 2620 Columbus St, 61350