We connect consumers with Silverdale debt consolidation specialists whose sole objective is to:
- Combine their monthly payments
- Bring down or lock up their interest rate
- Decrease collection agency calls
To contact a debt consolidation expert, please complete this simple form. You’ll be on your way out of debt in less than a day.
The extremely high interest rates we’ve come to expect from credit cards can bring about significant debt and even bankruptcy. WA Debt Consolidation can help.
Most often, debt consolidation in Silverdale, WA, entails the management of debt through a credit card consolidation program. Debt management plans, usually provided by one of the credit counseling companies in Silverdale, WA, let you pay off 100% of what you owe in 36-60 months with a single payment per month. The advantages are significant: reduced rates of interest, monthly payments, and fees. Almost always your card providers start giving you these benefits once you demonstrate a history of timely repayments. If you are searching for a credit card consolidation company in Silverdale, WA, this is one of the most affordable ways to go.
Debt Consolidation Loans in Silverdale, WA
Debt consolidation loans are available in two forms: unsecured loans and loans secured by a home or other property. The second option is most prevalent. The main advantages of debt consolidation loans in Silverdale, WA, resemble those of debt management programs, such as single monthly payments, no more calls from collections companies, and reduced annual percentage rates.
It goes without saying, you have to have outstanding credit to get a loan like this, and it may take more time to pay back this loan than it would you credit cards. Is a debt consolidation loan a good idea?
|Question||Debt Management||Consolidation Loan|
|One Monthly Payment?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Annual Percentage Rates Lowered?||Yes||Yes|
|Detrimental to Credit?||No||No|
|Debt Collectors Stop Contacting You?||Hopefully||Yes|
|Valuable Asset Needed?||No||Yes|
|How Much Time?||3-6 Years||10-15 Years|
To determine which option fits your needs, it is advisable to request a review of of your existing debt – free of cost!
Debt Settlement vs Consolidation in Silverdale (WA)
A lot of people in Silverdale mistake debt settlement with debt consolidation. Debt settlement is an intensive negotiation that leads to a percentage of your credit balances basically being forgiven. Unfortunately, settled debts are detrimental to your credit ratings. And if that wasn’t enough, pardoned debts can be taxed. This is why debt settlement should be talked over with a trained specialist to ensure that you understand the risks.
To figure out which solution meets your requirements, we recommend you request a debt consultation – free of cost!
Payday Loan Consolidation in Silverdale (WA)
Payday loans are becoming more common on account of the credit crunch. The statistics are astounding:
- 1,381 people in Silverdale obtain at least one payday loan annually.
- 1,049 [city residents] obtain 2 payday loans annually.
- 607 Silverdale residents are late on at least one payday loan.
Fortunately, we can help you find Silverdale WA payday loan consolidation services who will:
- Minimize outrageous cash advance interest levels.
- Handle collect agency telephone calls.
- Consolidate several payday loans.
- Set up a plan for being free from payday debt.
Want to find out more about payday loan laws in Washington? Check this page payday regulations in WA.
Silverdale, WA Debt Analysis
Any Silverdale debt consolidation specialist you talk to will want to learn how much debt you’re carrying that’s non-secured. That means it isn’t protected by a property of some sort. The most common causes of debt every month are credit cards, cash advances, rent or mortgage payments, physicians’ bills, and other revolving credit balances. Ideally, approximately 36% of your income winds up being allocated toward paying down what you owe. This encompasses credit cards, car/student/payday loans, and rent or mortgage repayments. Let’s suppose you earn $3,468 every month, which is the average in Silverdale, then, ideally, you would spend around $1,283 a month. Sadly, many Silverdale residents have serious debt, classified as a debt to income ratio (DTI) of more than 50%. They’re forking out more than $1,769 per month!
Of the 26,551 residents of Silverdale, 2,226 can hardly afford to make their minimum monthly payments. Wouldn’t you like to be debt-free?
Finding a Debt Consolidation Company in Silverdale, WA
Sadly, the debt relief sector has over the years been overwhelmed by fly-by-night agencies. However, we help you decide which debt consolidation businesses in Silverdale are legit.
As per the FTC, any Silverdale WA debt consolidation company needs to fully explain:
- Registration and monthly fees.
- How long their program takes.
- The amount that must be saved before they’ll contact each creditor.
- The adverse effect on your credit rating.
Choosing a firm from the phonebook is dangerous. Make sure you call friends who have been clients of a specific business. On the other hand, you can request a debt assessment – it’s free.
- WA Debt Consolidation Company? Contact us!
Debt Collections Agencies in Silverdale (WA)
- None Listed.