AR Debt Relief

Credit Counseling: Logan (UT)

Why are so many Logan consumers turning to us for help? Because we make it easy to figure out the debt and credit counseling plans that most effective. At Utah Debt Consolidation, we help our customers find the best remedies for adverse credit, severe debt, and high rates.

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Your Logan credit counseling consultant may be able to help you:

  • Consolidate Your Payment Amount
  • Drop Your Credit Card APR
  • Stop Collections Harassment
  • Learn Better Money Management Skills

Out of the 54,350 individuals who live in Logan, UT, we have calculated that 2,004 may need credit counseling.

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Evaluating Your Debt

Credit Counseling Logan UT

On average, the income in Logan is $17,821 each year, which is $1,485 monthly. You need to speak with a credit counselor if you earn this much and find you are shelling out $639-$743 a month on debts like:

  • Credit Card Bills
  • Loans – Car, Cash Advance, Mortgage
  • Mortgage/Rent

Imagine if you’re shelling out $743 each month and you only make $1,485. In that case, your credit counseling consultant might want you to enroll in a debt management program. A DMP is a means of consolidating debt, as the money you owe every month is condensed into just one amount, but no loans are required. This is different from a few other methods of debt consolidation in Logan, UT, which use home equity loans to pay down your debts.

Every month, all you’ll have to is deliver a single amount to your Logan credit counselor, and they will then split up the money among your creditors.

Settlement vs Management in Logan, UT

Keep in mind, credit counselors can help you clear your debts quicker and at a discounted APR, but you’ll still pay off all of your debt. Debt settlement may enable you to reimburse only 40-80% of your balance; however, it might demolish your credit ratings.

Steering Clear of Credit Counseling Ripoffs: Logan (UT)

As a program, credit counseling and debt management plans have been checked out by the Federal Trade Commission and other state and federal regulators. But bear in mind, there are a number of methods to ensure that your Logan credit counseling organization is good:

  • Obtain references
  • Check their qualifications
  • Make certain that your counselor is credentialed

For details, read this FTC write-up on the topic.

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How Much Will Credit Counseling Help You Save?

Credit Counseling Logan UT

In order to figure out how much credit counseling could save you, you need to seek the advice of a credit counseling specialist. Thankfully, your creditors may waive fees and lower interest rates if you’re enrolled in a DMP.

Credit counseling saves you time and expense. Find out more today.

Though not without cost, debt management is a budget friendly option for most Logan residents. There is typically an enrollment fee of no more than $75, along with a fee every month of $25-$30. With regards to the specific debt payments, you’ll generally have to pay 2.1-2.5% per month, which will then be submitted to your various credit card companies.

Bankruptcy Credit Counseling in Logan, UT

Bankruptcy Counseling Logan UT

Of the 54,350 people who live in Logan, approximately 402 have had to go into bankruptcy. Credit counseling is required by law before declaring bankruptcy. Consultations can be in person, by phone, or via the internet, as long as you get the required certification

The process generally takes an hour and a half costs up to $50, but the charge must be waived if you can’t afford it.

To find approved Utah credit counseling programs, click here. On the other hand, you can speak to an experienced credit guide by filling out this form.

Credit and Debt Counseling in Logan (UT)

  • Smith, Brandon J – Brandon J Smith Law Office, 40 W Cache Valley Blvd, 84328