Would you like to pay off your debts in less time without wreaking havoc on your credit rating? If so, seeking the assistance of a reputable Redmond, WA debt consolidation company might be the solution.
To talk with a debt consolidation expert, you can just fill out this convenient form. Start getting out of debt today.
Credit Card Consolidation: Redmond (WA)
The expensive interest rates we’ve come to expect from credit card accounts can result in considerable debt. Fortunately, we can help.
Of the 6,827 people in Redmond who need debt relief, most of them would be best served by a debt management plan.
These plans let you pay all the money you owe in 36-60 months through one easy monthly payment. The advantages are considerable: reduced interest levels, payments, and extra charges. Ordinarily your creditors start providing these benefits once you demonstrate a history of timely repayments.
If you are looking for a debt consolidation agency in Redmond, WA, this is one of the most affordable solutions:
- Sign up: no more than $75
- Monthly Fee: $30 to 40
There are two main kinds of debt consolidation loans: unsecured personal loans and home equity loans, of which the latter is most common. Proponents of debt consolidation loans point to several reasonable merits:
- Way Fewer Debt Collector Calls
- Fewer Headaches
- Decreased Interest Rate
- One Monthly Payment
- Less Lasting Credit Rating Problems
For those who have a bad credit score, a debt consolidation loan may not be the way to go, since exceptional credit is required to secure this type of loan at interest levels that are low enough. Have you been wondering if a debt consolidation loan is right for you?
Redmond, WA Payday Loans Consolidation
If your payday loan debt has been increasing, you’re not alone. The figures are astounding:
- 4,236 Redmond residents obtain 1 payday loan on a yearly basis.
- 3,219 [city residents] secure at least two payday loans each year.
- 1,864 Redmond residents are delinquent on at least one payday loan.
That means nearly 1 out of every 2 payday loan customers aren’t able to pay back their loans!
Are you overdue on more than one payday advance? You’re alright, we work with Redmond WA payday loan consolidation services.
Eager to free yourself from payday debt?
When to Consolidate Your Debt
To determine if debt consolidation fits your needs, you must know what your debt-to-income ratio is.
Preferably, approximately 36% of the amount you earn each month will be invested in paying down what you owe. Such debts incorporate credit cards, loans, and rent or mortgage repayments. For instance, suppose you earn $3,436 every month, about average average for Redmond residents, then, preferably, you would spend no more than $1,271 monthly. Unfortunately, many Redmond residents are carrying considerable debt, indicated by a debt to income ratio (DTI) of more than 50%. That means they are having to spend more than $1,752 per month!
If your ratio of debt to income is more than 50%, you should speak to a debt consolidation consultant in your area.
Debt Consolidation Ripoffs
As per the FTC, any Redmond debt consolidation firm has to:
- Make clear their pricing structure.
- Let you know how many weeks their programs take.
- Let you know how much you’ll have to save before they’re going to call each credit card company.
- Explain any risk for your credit rating.
Stay clear of any debt consolidation organizations in Redmond, WA, that have a history of unethical behavior, and for more info, take a look at this list of articles on the official FTC site: In Debt?.
- WA Debt Consolidation Company? Contact us!
Debt Collection Agencies: Redmond, WA
- A.A.A.A., Inc., 2241 152nd Ave NE, 98052-5519
- Merchants Credit Association, 2245 152nd Ave NE, 98052-5519