There are 17,019 residents of Canton, and 1,427 can only afford to make their minimum monthly payments. Wouldn’t you like to be debt-free? Debt consolidation may help.
You’ll find not one but two different types of debt consolidation programs: with and without a loan involved. In each case, you need to have a steady income source.
Are you ready to become debt free? Find a debt consolidation consultant in Canton, NC. Online!
Canton (NC) Debt Management Programs
Canton consumers usually opt to combine their credit card and/or payday loan debts under a debt management program.
This DMP has numerous advantages:
- Only One Payment Per Month
- Reduced Apr’s
- Less Late Fees
Furthermore, these types of plans are usually quite cheap. Sign up should cost about $70, and the monthly fee will be $25-40.
Canton, NC Debt Consolidation Loans
Debt consolidation loans are available in two forms: unsecured bank loans and loans collateralized by your home, of which the second option is most popular.
If you get a debt consolidation loan in Canton, you should enjoy cheaper monthly payments and a fewer number of calls from collections companies. Just think, your old debts will be paid back. Don’t forget, you won’t learn as much about managing your money as you would during credit counseling, and your credit card debt won’t be slashed as it is during Canton debt negotiations. To find out if a debt consolidation loan is a viable solution, you need to chat with one of our debt consultants.
Consolidating Payday Loans in Canton, NC
The high rates imposed on payday loans in Canton, NC, mean that payday debt increases quickly. There are 17,019 people in Canton, and approximately 885 apply for and are given at least one payday loan each year. Alas, around 673 of these consumers have got more than one of these loans. That’s just staggering. It’s more than 3 in 4 people who get one of these loans! Are you late on at least two payday loan? You’re okay, there are a payday loan consolidation agency in Canton, NC, that will consolidate your payday loans with a single payment per month, handle phone calls from collection agencies, and minimize the extortionate interest rates attached to payday loans.
Need to free yourself from payday loan debt?
Do You Need Debt Consolidation?
How much unsecured debt do you have?
In an ideal world, not more than 36% of your income will be invested in paying back debts. These debts encompass credit card bills, automobile/payday loans, and rent or home loan payments. Consider how this works for the average consumer in Canton, NC:
- Income Per Annum: $32,961
- Per-Month Income: $2,747
- Optimal Debt Load: $989
- Serious Debt Load: $1,374
If your DTI is higher than 50%, it is high time to consult a debt consolidation specialist in Canton, NC.
Avoiding Debt Consolidation Fraud: Canton, NC
Steering clear of disreputable debt consolidation organizations isn’t difficult, if you know the FTC guidelines. Stay away from any services that charge signup service fees, do not disclose important information or savings necessary for consolidation, or want you to open a bank account at a non-FDIC-insured establishment.
Avoid any debt consolidation companys in Canton, NC, which have a history of unethical conduct, and to acquire more information, have a look at the following FTC recommendations.
Debt Consolidation Firms: Canton (NC)
- NC Debt Consolidation Company? Contact us!