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Credit Counseling: Magna (UT)

Don’t take advice from amateurs. If you’re in financial trouble, you should seek the advice of a professional. We can help you get your debt profile looked at by credit counselors in Magna, UT.

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Perfect individuals have the following:

  • $3.5K in Non-Collateralized Debts
  • Ability to Allocate $250-$300 Toward Monthly Payments
  • Serious Dedication to Clear Their Debts

With credit counseling, you will pay all of your debts to your lenders, including interest, which ends up being more beneficial for your credit score in the long run.

There are 22,823 people who live in Magna, UT, and it’s thought that 842 are now late on their monthly payments.

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Your ratio of debt to income, aka DTI, helps to confirm if your finances warrant credit counseling.

Earnings DTI Debt Degree?
$3,569 36% $1,285 Recommended
$3,569 43% $1,535 OK
$3,569 50% $1,785 Assistance Needed!

Managing Debt in Magna, UT

Credit Card Counseling Magna UT

If you’re in more than $10,000 of debt, your credit counselor could very well recommend that you sign up for a debt management program. By signing up for a DMP, you might enjoy:

  • More Affordable Interest Rates
  • Reduced Debt Collection Agency Calls
  • One Monthly Repayment
  • Faster Debt Payback

Essentially, your credit counselor will work with your creditors personally.

Bear in mind, credit counselors can help you clear your debts faster and with a decreased interest rate, but you will always completely pay down all of your debt and interest. Although a debt settlement would decrease what you owe, it could obliterate your FICO score.

Steering Clear of Credit Counseling Scams: Magna, UT

In general, credit counseling and debt management plans have been recognized by the FTC and other federal authorities, but trusted credit counselors in Magna and throughout Utah typically provide:

  • Certified Counselors
  • Genuine Testimonials
  • Non-Profit Status
  • Straight Answers
  • Gratis Recommendations
  • Written Plan of Action

For details, read this FTC article on finding a credit counselor. Needless to say, at Debt Consolidation Utah, we can help guide you to the perfect credit counseling or debt management plan according to your unique needs.

How Much Will Credit Card Counseling Help Save?

Credit Counseling Magna UT

The amount that credit counseling will save you depends on your specific financial circumstances, but your credit counselor will usually be able to work out more affordable interest rates and service fees. To see exactly how much you could save, get hold of a knowledgeable Magna credit counselor – today!

Credit Counseling Magna UT

Credit Counseling for Bankruptcy in Magna (UT)

Bankruptcy Credit Counseling Magna UT

We estimate that 169 of Magna’s 22,823 residents have gone into bankruptcy. Credit counseling is required by law prior to declaring bankruptcy. You haven’t got to go to your local Magna credit counseling service to do this. Bankruptcy credit counseling programs for Magna locals can be found online and by phone.

Not every not for profit credit counseling agency in Magna, UT, can give you this certificate.

For an approved list of approved Utah credit counseling programs, take a look here. On the other hand, you can converse with a seasoned credit expert by completing this form.

Non-Profit Credit Counseling Service in Magna, UT

Non-Profit Credit Counseling Magna UT

Nationwide, the biggest non profit credit counseling service is the NFCC. Their network is known as CCCS, or Consumer Credit Counseling Service. In Magna, Utah, a Consumer Credit Counseling Service will usually be:

  • Not For Profit
  • A Member of the National Foundation for Credit Counseling (NFCC)
  • Authorized by the HUD (Department of Housing and Urban Development)
  • BBB Member

Ordinarily a CCCS firm will make available not just consumer credit counseling, but also Magna bankruptcy counseling for Magna residents, not to mention housing counseling and credit rating counseling. Generally, not for profit doesn’t equate to free of charge. Don’t be surprised to pay out around $35 a month. To discover the nearest CCCS location in Magna, UT, please take a look at the directory of Magna credit counseling services we’ve published. Alternatively, you can pay a visit to www.debtadvice.org.

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Credit and Debt Counseling Agencies in Magna (UT)

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