If you have been finding it hard to pay back the money you owe, consolidating your credit lines and credit into one payment amount might help.
For starters, simply fill out our easy contact form. We can connect you to a debt consolidation agency in Renton, WA, based on how much you owe, your location, and your individual preferences.
Practically every Washington resident has a visa or mastercard, and a lot of them don’t pay down their monthly balance. Washington Debt Consolidation may be able to help. In most cases, Renton residents opt to consolidate their credit card and/or payday loan debts within a debt management plan. This type of debt consolidation has quite a few advantages:
- Just One Payment Per Month
- Decreased Interest Rate
- Fewer Late Charges
If you’re searching for a credit card consolidation agency in Renton, WA, this is one of the most inexpensive solutions.
Debt consolidation loans come in two varieties: unsecured personal loans and home equity loans, of which the latter is most prevalent.
As opposed to mailing checks to a multitude of credit card companies each and every month, you will only be responsible for your monthly debt consolidation loan payment.
In order to profit from a debt consolidation loan, you’ll want to get highly affordable annual percentage rates. This takes a good credit rating.
When you need to consolidate your debt, you should seek the advice of one of our debt consultants.
|Question||Debt Management||Home Equity Loan|
|One Payment Per Month?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Leads to Debt Reduction?||No||No|
|Detrimental to Credit Scores?||No||No|
|Collectors Cease Phoning You?||Often||Yes|
|Need a Valuable Asset?||No||Yes|
|Risk of Foreclosure?||No||Yes|
|How Much Time?||3-6 Years||10-15 Years|
|Preferable to Bankruptcy?||Yes||Yes|
To find out which strategy fits your needs, you’ll want to request a debt analysis.
When to Consolidate Your Debt
Ideally, around 36% of your income winds up being allocated toward paying back what you owe. These debts incorporate credit cards, automobile/payday loans, and rent or home loan payments. Here’s how this works for the average consumer in Renton, WA:
- Annual Income: $44,281
- Income Per Month: $3,690
- Optimal Debt Load: $1,328
- Excessive Debt Load: $1,845
Is your debt load in excess of 50%? If that’s the case, you need to talk with a debt consolidation specialist in Renton, WA.
Deciding on a Debt Consolidation Company in Renton, WA
The FTC sets forth strict standards that control how debt consolidation and settlement firms treat consumers.
In keeping with FTC standards, your Renton, WA debt consolidation service must:
- Clarify their pricing structure.
- Inform you of how many weeks their programs take.
- Tell you how much you have to save before they’re going to reach out to each of your credit card issuers.
- Fully describe any risk for your credit rating.
It would be dangerous to pick your service randomly. You’ll want to speak with friends who have experience with specific companies. Alternatively, you can have us find you a debt consolidation company in Renton through our contact form.
Debt Consolidation Agencies: Renton (WA)
- Alliance Credit Services, 326 Union Ave NE, #10, 98059
- A American Debt Consolidation, 355 S Grady Way, 98057
Debt Collectors in Renton, WA
- Alliance Credit Services, Inc., 326 Union Ave NE #10, 98059
- ER Solutions, Inc., 800 SW 39th St, 98055-2983
- Renton Collections, Inc., 334 Wells Ave S Ste E, 98055-2778