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Albany debt relief

It isn’t easy, but you can get out of credit card debt. Below you will find the range of practices applied by debt professionals in Albany. Explore your options, then consult a debt professional for a free evaluation.

Debt Consolidation in Albany, OR

There are a few types of debt consolidation, but all of them involve replacing various monthly payments with a single, simple payment. In many instances, this makes for a smaller monthly payment and ends collector calls. You can consolidate a wide selection of debts, including those stemming from credit cards, school loans, and cash advances. Are you ready to get rid of debt? Get in touch with a debt relief company near you. It’s free!

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Credit Counseling in Albany, OR

Credit counseling professionals go to creditors and collectors for you, helping to arrange a payment plan you can actually afford. A loan isn’t needed, your credit should not be negatively affected, and the calls from collections should come to an end. On top of that, you should only have a single big payment to make each month, and it will be an amount that you can actually find the funds for. Albany credit counseling professionals help their clients by:

  • Negotiating reduced rates of interest from their creditors.
  • Working with their creditors one-on-one.
  • Creating tailor-made spending plans for their customers.

If you have considerable debt, your credit counselor could very well recommend that you sign up for a debt management plan (DMP). A debt management program is a method of consolidating debt, because the money you owe every month is consolidated into one monthly sum. However, there is no loan required. Your credit counselor will control payment to the credit card companies each and every month. All you’ll need to do is make sure they get a single payment on a monthly basis.

Debt Settlement in Albany, OR

During debt negotiation, you just quit paying the credit card companies. As an alternative, you put funds into a specific savings account until you’ve got enough to pay the settlement negotiated by your debt settlement agency. Meanwhile, your FICO rating will get lower and lower. And also, the debt collector messages probably won’t get any better. According to fairly new FTC regulations, this special savings account must:

  • Be at an FDIC-insured institution.
  • Not penalize you for withdrawing money.

Credit card providers are open to debt settlement because if a person is forced to to file for for bankruptcy, they won’t get any of the debt back. If you fall into this category, don’t be discouraged. We estimate that 4,852 of Albany’s 48,976 residents are carrying at least $10,000 of credit card debt.

Albany Debt Averages

  • Average Income: $20,361
  • Average Total Debt: $25,044
  • Average Credit Card Debt: $3,461 (High)
  • Average Credit Card Debt: $2,138 (Medium)
  • Average Credit Card Debt: $1,527 (Low)

>> Find out How Much You Could Save!

Debt Relief Agencies in Albany, OR

  • Consumer Credit Counseling Service, 214 NW Hickory St, 97321

Collection Agencies in Albany, OR

  • Creditors Collection Service, Inc., 3294 Pacific Pl SW, 97321-3568