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For many folks, nothing is as burdensome as debt. In some instances, requesting help from a debt specialist is recommended. We’ll tell you what you need to know about debt management, consolidation, and settlement. Once you have explored your options, we can help you find a debt professional to direct you from debt to freedom.

Debt Consolidation in Cornelius, OR

For anybody who is swamped by debt and trying to keep all of your payments straight, debt consolidation may be the answer. It involves replacing all of those debts with a single payment. This may involve a loan, or else a debt management plan (DMP), a contract with your creditors arranged by a credit counselor or agency. If you’d rather not get a sizeable new loan, debt management might be your solution. To determine which strategy is best for you, you’ll want to consult a debt specialist in your area.

Credit Counseling in Cornelius, OR

With credit counseling, you pay off your debts in their entirety, but without constant bombardment from collections agencies. Paying off our debts in full prevents your credit score from freefalling, as it may when negotiating a reduced amount, and you won’t be taking on a big loan. Any good credit counseling consultant in Cornelius, OR, should be able to help you:

  • Combine Your Monthly Payments
  • Decrease Your Rates
  • Stop Calls From Debt Collectors
  • Create a Detailed Monthly Budget

Do you have at least $10K of credit card debt or have a debt-to-income ratio of 50% or more? If so, you might need to register for a debt management plan (DMP). A debt management program is a form of debt consolidation, because your payments to creditors is merged into just one payment, but no loans are involved, as opposed to various other types of debt consolidation in Cornelius. Your credit counselor will work with your creditors directly.

Debt Settlement in Cornelius, OR

When settling a debt, you repay some of your debt, not the full amount.

Creditors in Cornelius are aware that people who are past due on their payments are in danger of bankruptcy. And then they won’t get any of the debt back. Debt settlement programs offer up a few well-known advantages:

  • Debt Lowered by 20-60%
  • Significant Interest Savings
  • Brief 3-5 Year Schedule
  • Convenient Payment Plan
  • Substitute for Bankruptcy

Having said that, it has more drawbacks than some other solutions. Debt settlement, is it the right choice? Find out now!

Debt Settlement in Cornelius OR

Cornelius Debt Statistics

  • Average Income: $48,822
  • Average Total Debt: $60,051
  • Average Credit Card Debt: $8,300 (High)
  • Average Credit Card Debt: $5,126 (Medium)
  • Average Credit Card Debt: $3,662 (Low)

Debt Relief Organizations in Cornelius, OR

  • None listed.

Collection Agencies in Cornelius, OR

  • None listed.