AR Debt Relief

Credit Counseling: Cedar City (UT)

Do you have a bad credit score? If that’s the case, you’ve come to the right place.

We connect you with prominent debt management and credit counseling firms in Cedar City to get you the help you’re looking for.

Credit repair is a fast way to raise your credit score, while credit counseling focuses on relief from debt.

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Do I Need Debt Counseling in Cedar City, UT?

Anyone reviewing a credit application wants to know how much comes in, how much is going out? Figuring this out is very simple. Consider several estimates based on a salary of $16,575 per annum, Cedar City’s average:

  • $497 (36%): Best
  • $497 to $594 (36-43%): Acceptable
  • $594 to $691 (43-50%): Risky
  • $691 plus (50%): Acute

Credit Card Counseling Programs: Cedar City, UT

If you’re in serious debt, your credit counselor could very well have you sign up for a debt management program. With a DMP, your Cedar City UT credit counselor may able to get reduced interest rates and penalties from the creditors you owe.

All you have to do is deliver only one check to your Cedar City credit counselor, and they’ll submit the right percentages to each of your creditors.

Cedar City CCCS versus Other Options

Don’t forget, credit counselors can help you completely pay down your debts more quickly and at a lower interest rate, but in the end you’ll completely pay down your full debt plus interest. Debt settlement may enable you to pay back just 40-80% of your debts, but it can devastate your credit.

Identifying Credit Counseling Shams in Cedar City (UT)

On the whole, credit counseling has been recognized by the Federal Trade Commission (FTC) and other governmental regulators, but it is very important to make perfectly sure that your credit counseling organization is an honest one. You can do this in various ways, such as checking their customer feedback, checking out their accreditation status, and investigating their BBB reviews.

To learn more, look at this FTC write-up on the topic.

>> Locate Credit Counseling Services

Everything you owe must be paid in full. However, your creditors may agree to waive penalties and reduce rates of interest under a debt management plan. One of the leading Cedar City debt experts can check out your finances and give you an estimate of how much you could save.

Paying For Credit Counseling: Cedar City, UT

Credit Counseling Cedar City UT

The Federal Trade Commission forbids credit counseling agencies from invoicing you upfront. Debt management programs in Cedar City are very reasonable: $25-35 monthly, and the fee is included in the amount you pay each month.

Under a DMP, the money you spend each month repaying what you owe will likely be equivalent to the minimum payment on your credit cards (usually 2.5%).

You might be interested in a table depicting how much this amounts to, given various stages of consumer debt.

Debt 2.1% 2.5%
$15,000 $315 $375
$40,000 $840 $1000
$45,000 $945 $1125
$60,000 $1260 $1500
$80,000 $1680 $2000
$85,000 $1785 $2125
$100,000 $2100 $2500

Post-Bankruptcy and Credit Counseling: Cedar City (UT)

Bankruptcy Credit Counseling Cedar City UT

More and more people in Cedar City have been having to file bankruptcy. It’s estimated that 216 of Cedar City’s 29,204 residents have had to resort to bankruptcy.

As dictated by law, you must enroll in a pre-bankruptcy Cedar City credit counseling program prior to declaring yourself bankrupt. This session should be within 6 months of when you file.

Consultations can be held in person, over the telephone, or on the web.

In many cases, you will need to sign up for credit counseling post bankruptcy too. For an approved list of approved pre-bankruptcy credit counseling agencies for Cedar City residents, go here, and you can get in touch with a skilled credit guide:

Bankruptcy Credit Counseling Cedar City UT

Credit and Debt Counseling in Cedar City, UT

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