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Debt Consolidation: Layton (UT)

Debt Consolidation Companies Layton UT

At UT Debt Consolidation, we make it easier to combine all your unsecured debt into one payment every month.

Debt consolidation may be used in relation to a couple of differing debt relief strategies:

  • Debt Management Programs (DMP’s)
  • Debt Consolidation Loans

A qualified debt consolidation specialist can help you decide which option is ideal for you.

>> How Much Could Debt Consolidation Save You? Get a Quote!

In most cases, Layton residents choose to combine their debts within a debt management plan. Debt management plans, typically affiliated with one of the credit counseling agencies in Layton, UT, allow you to repay all the money you owe in 36-60 months with one easy payment amount. The advantages are huge: cheaper interest levels, monthly payments, and extra charges. Usually your creditors begin providing these perks following three straight installments are submitted.

Additionally, these types of programs are typically rather cheap.

Debt Consolidation Layton UT

Debt Consolidation Loans Layton UT

You will find two primary kinds of debt consolidation loans: unsecured bank loans and loans collateralized by a home or other property. The latter is most prevalent.

The plethora of payments you were delivering to varied collectors will be transformed into one simple monthly payment, your loan’s payment. Bear in mind that you won’t learn as much as you from credit counseling, nor will your debt be reduced as it would be during a debt settlement. Are you wondering if a debt consolidation loan is a good idea?

If your payday loan debt has been growing, you’re not alone. The statistics are pretty astonishing:

  • 3,136 people in Layton get one or more payday loans each year.
  • 2,384 [city residents] obtain 2 payday loans a year.
  • 1,380 people in Layton are late on their payday loan.

That means nearly 50% of payday loan customers are unable to repay these loans!

On the plus side, we can help you find Layton UT payday loan consolidation companies. Isn’t it time to get rid of payday debt?

>> Find a Payday Loan Consolidation Company in Layton, UT

Debt Consolidation Agencies Layton UT

In an ideal world, the amount of debt you owe each month will comprise about one third of your earnings. Such debts include credit card bills, loans, and rent/mortgage payments. If you make $4,930 monthly, which is the average for someone who lives in Layton, then, ideally, you would spend no more than $1,775 monthly. Having said that, many Layton residents are carrying substantial debt, indicated by a debt to income ratio of more than 50%. That means they are shelling out more than $2,465 per month!

If your ratio of debt to income is greater than 50%, it is time to consult a debt consolidation specialist in Layton, UT.

Debt Consolidation Firms in Layton (UT)

  • Money Matters, 1604 Church St, 84041

Layton UT Debt Consolidation