Debt Relief

Debt Consolidation – Edmonds (WA)

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.

Debt Consolidation in Edmonds WA

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.

Edmonds WA Debt Consolidation

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The great number of payments you were making to numerous collectors will be superceded by one payment amount, your Edmonds debt consolidation loan payment.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?

Debt Consolidation Companies Edmonds WA

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
$56,713 $4,726 $1,701 $2,363

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

Debt Consolidation Companies Edmonds WA

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.