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Are you a Clackamas resident wanting to work your way toward debt freedom? At Repaid.org, we can help you navigate the bewildering variety of debt relief alternatives currently available. Then we can connect you with a debt specialist able to guide you through the process.

Debt Consolidation in Clackamas, OR

If you happen to be thinking about Clackamas debt consolidation programs, we can help. Some solutions entail debt consolidation loans, while others do not. In each case, you should repay 100% of what you owe, but you will only have one monthly payment. A skilled debt consolidation consultant can help you decide which solution is ideal for you.

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Credit Counseling in Clackamas, OR

With credit counseling, you pay back everything you owe, but without constant bombardment from collections agencies. The process is cheaper than debt settlement, and you won’t be placing your home at risk with a big new loan. Most individuals interested in credit counseling have the following:

  • Debts of at Least $2,500
  • Ability to Allocate $250-$300 Toward Monthly Payments

Credit counseling has you pay all of your debts to your creditors, including interest, which ends up being much better for your fico score over the long haul. For people in Clackamas, credit card counseling is often the most cost-effective debt relief option. Do you have more than $10K in debt or have a DTI of 50% or higher? If so, you might need to enter into a debt management plan (DMP). A debt management program is a means of consolidating debt, as your monthly payments is merged into one monthly amount, but no loans are involved. You don’t need to converse with your creditors, since the credit counselor will take care of things from this angle.

Debt Settlement in Clackamas, OR

To get the biggest debt reduction they can, your debt settlement company will probably have you quit trying to repay your creditors. Your money will go into a bank account. When there’s enough money to pay the negotiated settlement, plus the fee owed to your debt settlement firm, your card balances will be repaid. Unfortunately, your FICO score goes down because you’re no longer paying your creditors. Certainly, declaring yourself bankrupt would wreck your credit ratings as well. Banking institutions know that debtors who are late on their payments are at risk for bankruptcy. If that happens, they won’t get a single thing. If you are carrying $10,000 in credit card or unsecured loan debt, can’t pay your bills, and would rather be free from debt than have good credit, credit card debt settlement may be good alternative to filing bankruptcy.

Clackamas Debt Profile

  • Average Income: $17,350
  • Average Total Debt: $21,341
  • Average Credit Card Debt: $2,950 (High)
  • Average Credit Card Debt: $1,822 (Medium)
  • Average Credit Card Debt: $1,301 (Low)

Debt Relief Organizations in Clackamas, OR

  • Cricket Debt Counseling, 10121 SE Sunnyside Rd, 97015
  • Northwest Business Advisors, 9138 SE Saint Helens St, 97015
  • Prospective Renter Vrfctn Service, 9123 SE Saint Helens St, #273, 97015

Debt Collection Agencies in Clackamas, OR

  • American Northwest Recovery Solutions, 15545 SE 102nd Ave, 97015