We can help you consolidate your debts into just one payment amount. Some solutions entail debt consolidation loans, and others don’t. In both cases, you should only be responsible for one payment per month.
Don’t wait. See how much a debt consolidation service in Edmonds, WA, could help you save.
Credit cards can be an essential part of daily life. However they all too frequently lead to huge amounts of debt. Luckily, there are options.
The leading type of debt consolidation in Edmonds, WA, means working with an agency to manage debt through a specialized program. This debt management plan provides lots of advantages:
- Lower Payment
- Less Expensive Apr’s
- Fewer Late Fees
If you’re looking for a credit card consolidation agency in Edmonds, WA, this is among the most inexpensive solutions.
Debt Consolidation Loans: Edmonds, WA
The reason for debt consolidation loans is straightforward: loans from a regular loan company traditionally carry lower interest rates than whatever you’ve been shelling out for your credit cards.
The great number of payments you were making to numerous collectors will be superceded by one payment amount, your Edmonds debt consolidation loan payment.
When you have below-average credit, this is usually not the right solution, as a good credit score is required to receive this type of loan with affordable rates of interest.
To decide if a debt consolidation loan is the right choice, you need to consult one of our debt specialists.
|Questions||Debt Management||Debt Consolidation Loan|
|Single Monthly Payment?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Outstanding Balances Reduced?||No||No|
|Reduced Interest Rates?||Yes||Yes|
|Unfavorable Influence on Credit Report?||No||No|
|Collection Agencies Quit Phoning You?||Maybe||Yes|
|Must Have a Valuable Asset?||No||Yes|
|Could Lose Home?||No||Yes|
|How Much Time?||3-6 Years||10-15 Years|
|Preferable to Bankruptcy?||Yes||Yes|
To find out which approach is right for you, it is advisable to talk with a trained debt specialist – for free!
Debt Consolidation vs Settlement in Edmonds (WA)
Debt consolidation and settlement are very different ways to get free from debt. Debt settlement is an intensive negotiation that results in a considerable elimination of a percentage of the debt.
Here is a table which will help you determine which strategy is correct for you.
|Question||Debt Consolidation||Debt Settlement|
|Single Payment Amount?||Yes||Yes|
|Zero Cost Budget Counseling Available?||Yes||Yes|
|Leads to Reduction in Debt?||No||Yes|
|Lower Rates Of Interest?||Yes||No|
|Negative Impact on Credit Report?||No||Yes|
|Collectors Have to Stop Phoning You?||No||No|
|Will Need a Valuable Asset?||No||No|
|Works with Health-Related Bills?||Yes||Yes|
|Appropriate for Community Property Debts?||No||No|
|Appropriate for Pay Day Loans?||Yes||Yes|
|Suited to Business Debts?||Yes||Yes|
|Works for Modest Debts?||Yes||Yes|
|Can Companies Sue You?||Yes||Yes|
|Preferable to Bankruptcy?||Yes||Yes|
|Adverse Tax Repercussions?||No||Yes|
|Can Settle One of Many Accounts?||Maybe||Yes|
To find out which strategy would be right for you, we suggest you request an assessment of your existing debt – it’s free!
Do You Need Credit Card Consolidation?
If you need to combine your credit card debt, you must understand how much debt you have relative to your salary.
Let’s look at the optimal debt load for a typical Edmonds resident:
|Yearly Income||Per-Month Income||Optimal Monthly Debt||Problematic Monthly Debt|
If your ratio of debt to income is more than 50%, it is time to speak to a debt consolidation professional in Edmonds, WA.
Credit Card Consolidation Regulations
As outlined by FTC standards, your Edmonds WA debt consolidation service needs to give you an in-depth review of:
- All of the costs and fees.
- How long their program takes.
- How much must be saved before they will speak with your creditors.
- How your credit score will be impacted.
You should definitely check the reviews on your Edmonds payday loan debt consolidation agency before joining.
Debt Consolidation Companies: Edmonds (WA)
- Eden Enterprise, 22727 Highway 99, 98026
- A American Debt Consolidation, 424 5th Ave S, 98020
Debt Collections Agencies: Edmonds, WA
Are you getting telephone calls from collection agencies all the time? Debt consolidation frequently reduces calls from collection agencies, as you can ask that your collectors get in touch with your consolidation company instead.
- None Listed.