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Does your debt load keep increasing? There are programs and solutions that can plot your path to financial independence.

Debt Consolidation in Ravenna, OH

If you have been late on your credit card debt, consolidating your credit card accounts into one simple payment amount may help you get things back on track. You’ll find several specific sorts of debt consolidation strategies: with and without a loan involved. Either way, you’ll need a consistent source of income. To understand which method fits your needs, it’s best to contact a licensed Ravenna debt relief agent.

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Credit Counseling in Ravenna, OH

When you register for credit counseling, your specialist will negotiate with your creditors to secure you better rates and terms. The process doesn’t include a loan, your credit score shouldn’t go down, and the letters from creditors should no longer be an issue. On top of that, you should just have a single big payment to concern yourself with, and it will be a sum that suits your budget. Most folks interested in Ravenna credit counseling have steady income, debt of over $3,000, and the passion to repay their debts. All things considered, working with a professional Ravenna credit counselor does far less harm to your credit scores than a debt negotiation program, given that you aren’t supposed to cease making payments to your lenders. As a rule, credit counseling providers get paid via contributions from your lenders, and so the pricing is typically very cost-effective, and even free in some areas. If you have considerable debt, your credit counselor could very well have you take part in a debt management plan (DMP). Why should you look into a DMP? Well, you may be able to benefit from:

  • Lowered Rates
  • Decreased Debt Collection Calls
  • Single Payment On a Monthly Basis
  • Swifter Debt Relief

All you have to do is deliver just a single check to your Ravenna credit counselor. They disburse the payments among each of your creditors.

Debt Settlement in Ravenna, OH

For Ravenna card-holders, debt settlement is probably the most radical of all the debt relief programs. Debt settlement involves paying back some of what you owe, but not all of it. Why do creditors agree to a lesser amount? Because it often helps a person avoid filing for bankruptcy. The reason is, they receive at least a share of the principal debt. Whereas debt management plans have flat fees each month, debt settlement charges are generally charged when each credit card is settled.

Most settlement firms charge you a percentage of the balance you want settled, often about 15%. Having said that, you won’t have to pay unless they actually get your debt reduced.

Are You in Need of Debt Relief?

On average, the income in Ravenna is $41,583 per year, or $3,465 on a monthly basis. You need to meet with a credit counselor if you make $3,465 and are forking out $1,490 to $1,733 each and every month on debts such as rent, mortgage, loans, and credit cards.

Debt Relief Firms in Ravenna, OH

  • Consumer Credit Counseling Service, 705 Oakwood St, #106, 44266

Debt Collection Agencies in Ravenna, OH

  • None listed.