If you’re in search of Elizabeth City debt consolidation programs, let us give you some direction.
You’ll find two specific sorts of debt consolidation strategies: with and without a loan involved. In each case, you need to have a stable source of income. To determine which method meets your needs, contact a licensed Elizabeth City debt consolidation advisor.
Elizabeth City (NC) Debt Management Programs
There are around 2,925 people in Elizabeth City in need of debt consolidation, and the majority would benefit from a debt management plan more than anything else. A DMP offers several advantages:
- One Single Monthly Payment
- Lowered Interest
- Waived Penalty Fees
Moreover, this is one of the least expensive strategies for consolidating debt in Elizabeth City, NC:
- Sign up: no more than $70
- Monthly Fee: $30 to 50
Debt Consolidation Loans: Elizabeth City, NC
Debt consolidation loans are available in two forms: unsecured personal loans and loans backed by your home, of which the second option is most commonplace. More often than not, a debt consolidation loan will result in more affordable monthly bills and a lot fewer calls from debt collectors, simply because your prior debts will be paid in full.
To capitalize on a debt consolidation loan, you’ve got to secure highly affordable annual percentage rates. This means you need to have good credit. If you would like consolidate your debt, you really need to get in touch with a company that offers debt consolidation in Elizabeth City, NC.
Consolidating Payday Loans in Elizabeth City (NC)
If you want to consolidate your Elizabeth City NC payday loans, you’re not alone. It’s estimated that 1,815 residents of Elizabeth City get payday advances regularly, and something like 1,379 of these consumers wind up getting more than one payday loan – this is about 75%! Are you currently overdue on at least two of these loans? That’s okay, we can help you find payday loan consolidation firms in Elizabeth City, NC, that can help you consolidate your payday loans with just one monthly installment, take phone calls from collectors, and decrease the exorbitant interest percentage you can expect from payday loans.
Need to consolidate your Elizabeth City payday loans?
Any Elizabeth City debt consolidation consultant you consult will want to learn how much debt you’re carrying that’s non-secured. This means it isn’t leveraged by some sort of asset. The most typical reasons for debt from month to month are:
- Credit Cards
- Pay Day Loans
- Retail Store Cards
- Physicians’ Bills
- Other Unsecured Credit Balances
Ideally, about 30% of your income will be dedicated to paying down debts. Such debts incorporate both secured and unsecured debts:
- Credit Card Accounts
- All Loans
- Mortgage Payments
For instance, suppose you make $846 every month, which is the average for someone who lives in Elizabeth City, then, ideally, you would spend roughly $313 monthly. Unfortunately, many Elizabeth City residents are in serious debt, with debt-to-income ratios of more than 50%. That means they are shelling out more than $423 each month!
Do you owe at least $10,000 in credit card debt? In that case, you need to seek the advice of a debt consolidation specialist near you.
Debt Consolidation Guidelines
How does one determine whether a debt consolidation company in Elizabeth City, NC, is reputable? Mark them off the list if they charge fees in advance, do not give basic details, don’t tell you the savings required for consolidation to begin, or want you to open a savings account from which you cannot withdraw money without being charged.
Always investigate any Elizabeth City credit card debt consolidation company before enrolling.
Payday Loan and Credit Card Consolidation Providers: Elizabeth City (NC)
- Consumer Credit Counseling Service of Va & Se MD, 102 Medical Dr, 27909
- A American Credit and Debt Counseling Service, 400 E Main St, 27909