Have you been drowning in debt or bills? Well then we can help. Why don’t we find out how much credit counseling could save you.
An expert credit counselor in Woods Cross can educate you, the consumer, on ways to manage your debts, address your current financial issues, and get out of credit card debt.
The average salary for people in Woods Cross is $55,744 per annum, or $4,645 each month. You need to chat with a credit counselor if you make this much and are spending $1,997 to $2,323 every month on debts that are secured or unsecured, for example rent, mortgage, loans, and credit cards.
If you are in considerable debt, your credit counselor will probably want you to sign up for a debt management program (DMP). As part of a debt management plan, your Woods Cross UT credit counselor may able to obtain less expensive APR’s and better terms from your credit card companies.
Every month, you’ll deliver a pre-specified amount to your Woods Cross credit counseling service. They will mail out the appropriate percentages to each of your creditors.
Credit counseling should not reduce your credit score in the long term, but credit firms may be hesitant to give you new vehicle or home loans if you’re enrolled in a DMP to overcome the debt you owe.
How to Avoid Credit Counseling Scams: Woods Cross (UT)
As an industry, credit counseling and debt management plans have been checked out by the FTC and other governmental bodies, but watch out for any credit counselors in Woods Cross that claim they are able to:
- Eliminate all collections calls
- Reconcile guaranteed debts
- Erase your debts through some government program
- Promise the removing of unsecured debts
- Keep creditors from taking legal action against you
- Charge a fee in advance for their services
Just remember that non profit status won’t always mean that a credit counseling service is legitimate, and the other way around.
How Much Could Credit Card Counseling Save You?
Although credit counseling does not lead to any debt forgiveness, you’ll save a bundle by virtue of decreased interest and a lot fewer penalties.
Let a skilled credit specialist take a look at your finances and offer you an estimate of how much you could save.
How much does a debt management program cost you? In most cases $25-$30 a month, on top of an initial fee of roughly $90.
In terms of the actual payments, you will generally be asked to pay 2.1-2.5% per month.
Consumer Credit Counseling Service in Woods Cross, UT
Utah’s chief nonprofit credit counseling group is the NFCC. Their network is often called the Consumer Credit Counseling Service, or CCCS. A Consumer Credit Counseling Service in Woods Cross, UT, will normally be a local non profit firm that’s a part of the NFCC. More often than not a CCCS firm will supply:
- Pre/Post Bankruptcy Counseling for Woods Cross Residents
- Home Counseling
- Credit Score Reviews
- Financial Education Sessions
To find the closest CCCS office in Woods Cross, UT, research the list of Woods Cross credit counseling agencies we’ve provided or use the NCFF website: http://www.nfcc.org/FirstStep/firststep_01.cfm
Christian credit counseling agencies strive to help their clients realize their goals emotionally and financially. Nearly all are not for profit. They offer similar products and services as conventional agencies.
Credit Counseling and Debt Counseling: Woods Cross (UT)
- Apex Financial, 1564 S 500 W, 84010