If you are finding it hard to pay back the money you owe, consolidating your credit cards into just one payment every month might be the answer.
Ordinarily, debt consolidation means working with a credit counselor to register for a debt management program. Your creditors must agree to a program like this. Normally the card issuers compensate your debt consolidation company according to a percentage of the amount you pay off. Of course, this helps to reduce the price for you. Debt consolidation can also refer to taking out a personal loan to repay your debts. Let us find you a reputable Tacoma debt consolidation company.
Credit cards can be a convenient way to make payments. However they can easily result in shocking debt. WA Debt Consolidation may be able to help.
Most often, debt consolidation in Tacoma, WA, means the management of debt through a DMP.
This type of debt consolidation has a lot of benefits:
- Only One Payment
- Decreased Rates
- Fewer Penalties
Furthermore, this is one of the most economical strategies for consolidating debt in Tacoma, WA.
Tacoma, WA Debt Consolidation Loans
When you decide to take out a debt consolidation loan in Tacoma, WA, the the borrowed amount is used to pay off your active credit lines. Needless to say, the loan itself must still be paid back.
Rather than submitting checks to a range of credit card providers each and every month, you’ll simply need to worry about your installment payment. Needless to say, you have to have good credit to get a loan this way, and it may take a bit longer to pay off this loan than it would you credit cards.
Consult a debt consolidation expert to figure out which debt relief solution will be ideal for you.
|Question||Debt Management||Debt Consolidation Loan|
|One Payment Amount?||Yes||Yes|
|Good Credit Required?||No||Yes|
|Lower Interest Levels?||Yes||Yes|
|Damaging Effect on Credit Scores?||No||No|
|Debt Collectors Stop Calling You?||Maybe||Yes|
|Must Have Collateral?||No||Yes|
|Risk of Foreclosure?||No||Yes|
|How Much Time?||3-6 Years||10-15 Years|
To find out which solution is right for you, it is advisable to request an evaluation of your present debt.
Tacoma Debt Budgeting
The table below displays the optimal monthly debt for the average Tacoma consumer:
|Annual Income||Monthly Income||Ideal Debt Load||Excessive Debt Load|
Do you have at least $10,000 in credit card debt? If that’s the case, you need to get in touch with a debt consolidation expert in Tacoma, WA.
Identifying Debt Consolidation Fraud
Stay away from any Tacoma WA debt consolidation organizations that charge upfront dues, don’t disclose basic specifics, can’t tell you the savings required for consolidation, or make you open a bank account from which you cannot pull out money without fees.
Please don’t be part of a debt consolidation program in Tacoma that has a poor track record, and for more information, check out the area of FTC.gov entitled In Debt?.
Debt Consolidation Providers: Tacoma, WA
- Senior Assets Advisor, 3503 S 54th St, 98409
- Sterling Credit Services, 325 Garfield St S, 98444
- Pacific Bankruptcy, 1517 S Fawcett Ave, #300b, 98402
- Rental Research Incorporated, , 98001
- Credit Advisors Foundation, 1944 Pacific Ave, #203, 98402
- Catherine M Vernon & Association, 1821 Dock St, #408, 98402
Debt Collectors in Tacoma, WA
- Commercial Creditors, Inc., 915 S I St, 98405-4553
- Pacific Northwest Collections, Inc., 819 Pacific Ave, 98402-5209
- PSC Inc., 1019 Regents Blvd, 98466-6037
- Recovery Management Solutions, Inc., 621 Pacific Ave Ste 106, 98402-3735
- Sound Collection Services, 3012 S 47th St Apt 7, 98409-4402