Get FREE counseling and analysis

With proper help you can

  • Lower your monthly payments
  • Reduce interest rates
  • Waive late fees
  • Reduce collection calls
  • Avoid bankruptcy
  • Have only one monthly payment
(Open 7 days till 9)

What's more?

  • Get Free Counseling

    Get free counseling

  • Get a dedicated financial coach

    Get a dedicated financial coach

  • Have a secured client portal

    Have a secured client portal

  • Get smart mobile apps

    Get smart mobile apps

  • Get email alerts

    Get email alerts

Kentucky Companies

Explore the debt relief companies in your city

Kentucky debt consolidation gives you fast relief from multiple bills

Are you struggling with too many bills in Kentucky (KY)? Are you using credit cards to meet your daily expenses? Are your savings being depleted to pay off current bills? If yes, then it's time you take steps to get your debt under control. Depending upon your financial situation, you should go for Kentucky debt consolidation or settlement to pay off your bills and get your finances back on track.

Kentucky debt consolidation - What is it all about?

Kentucky debt consolidation enables you to combine bill payments on several accounts into one low payment a month. There are 2 ways you can consolidate bills in KY. Below is a summary of how each option works:

  • Kentucky consolidation program: This is where you contact a consolidation company to get help negotiating with your creditors and reduce your interest rates, so as to make your payments affordable. Thus, you can avoid falling behind on your bills and get rid of frequent collection calls or letters sent by your creditors.

    Apart from negotiating low interest rates, consolidation companies work with creditors to reduce or eliminate late payment fees and over-limit charges on your credit card (cc) and other loans. Learn more about how a consolidation program can work for you.
  • Kentucky consolidation loan: This is usually an unsecured consolidation loan available from banks or lenders at a lower interest rate, when compared to what you've been paying. With this low interest loan, you can pay back the outstanding balances on your credit accounts. However, with a consolidation loan, you won't get out of debt completely. You'll have to make a small repayment each month towards your consolidation loan, until you pay down the loan completely. Learn more...

When should you go for Kentucky consolidation?

You should go for consolidation under the following conditions:

  • You've taken out a cash advance on credit cards to pay the minimum on another card.
  • You're borrowing money from co-workers, friends, etc.
  • You're using credit cards as a necessity, not for your convenience.
  • You're opening cc accounts after having maxed out existing cards.
  • Collection agencies are harassing you for payments.

What are the advantages of Kentucky consolidation?

Consolidation programs (debt management programs) or loans only work when you cut down on your expenses and refrain from taking out new credit. Here are the advantages of Kentucky debt consolidation:

  1. You make one monthly payment instead of paying several bills every month.
  2. Interest rates on your bills are lowered, hence monthly payments are low.
  3. You can have late fees and over-limit charges reduced or eliminated.
  4. Avoid being harassed by creditors or collection agencies.

For further details, check out this information on the benefits of consolidation.

Tips to a successful consolidation program in Kentucky

Check these 3 tips to make sure that you get the maximum benefit with the help of a consolidation program or loan.

  • Use cash or checks to pay for purchases: It is better to avoid using credit/store cards for purchasing items. Pay with checks or cash when it comes to purchasing items or paying everyday expenses.
  • Avoid taking cash advances on credit cards: When you're consolidating your bills, you should not take out cash advances, that is, you should avoid borrowing cash against the current balance on your cc account. Frequent cash advances may lead you into further debt.
  • Cut down on unnecessary expenses: Refrain from making unnecessary expenditures so that you have enough cash to make your bill payments every month.

FAQ on Kentucky debt consolidation

Q) I've taken out 3 internet pdls in Kentucky. I tried to pay off the debts in full. But the pdl lenders were interested in withdrawing money only to cover the interest. To stop this, I had to close my bank accounts. Thus, the pdl lenders didn't get their money. How do I tackle the bills? Can Kentucky debt consolidation help?

Ans: Payday loans are legal in Kentucky. If you're having trouble with your payday loans, Kentucky debt consolidation may be able to help, depending on your situation. To find out more, contact a reputable debt solutions firm and get a free no-obligation counseling session.

Q) I have unpaid credit cards, medical bills, as well as student loans. How do I get rid of these? Can consolidation programs help me get rid of student loans?

Ans: Consolidation programs can help you clear debts on credit cards and medical bills but not your student loans. So, in your situation, you need to take out a Kentucky debt consolidation loan for paying off your bills (including student loans) with a lump sum payment. However, you should keep making timely payments on the consolidation loan so as to avoid being in default.

Q) I have 5 credit cards to be paid off. I've exceeded the limit on 2 of these accounts. Can the card issuers sue me? What should I do? I'm in Kentucky.

Ans: The card issuers may sue you for not paying off the balance you owe. It depends upon how much you owe and whether the Statute of Limitations (SOL) has expired (15 years in Kentucky). To avoid being sued, you should discuss lowering your interest rates with your cc issuers to make your payments affordable.

If you don't think you can negotiate with your creditors, get enrolled in a Kentucky debt consolidation program. The consultants at the consolidation company will communicate with creditors, so that they may lower the interest rates on your bills. Learn more...

Kentucky debt settlement program - Is it a good option?

There are a number of companies that offer Kentucky debt settlement programs. Under these programs, you make a low monthly payment to the settlement company. This amount is deposited in an account set up by the company. The money accumulates to a lump sum; then the Kentucky debt settlement company starts negotiating with creditors to reduce your outstanding balance. The balance is then paid off with the cash you've accumulated. As soon as one account is paid off, the company starts negotiating with the other creditors. One by one, all your bills are settled for less than the amount you owe.

Before you decide upon consolidation vs settlement, make sure you know how each option works and which is appropriate for your situation. Choosing the right option will help you manage your debts better and give you relief faster.

Recent active community discussions in Kentucky

  • Kentucky PayDay Loans By Unregistered on 18 Jun, 2013
    JD marketing is calling me constantly, threatening garnishment and having me arrested. The lady even told me that someone would scour my place of business until I am found. Please advise....
  • I live in Kentucky and I need help!! By Tootie on 23 Apr, 2013
    I have a loan with Payday Accelerated and I informed them that it was illegal in my state of Kentucky and they told me I was wrong and that I needed to do some more research. I don't know what to do. I had a loan with Golden Valley Lending and when...
  • Kentucky and Internet PDL By Unregistered on 22 Apr, 2013
    Hello I live in the state Kentucky. I am trapped under several internet PDL's. It's become a huge burden. I am in the process of trying to close my banking account. I have internet loans from: Plain Green Lending Great Plains Lending Mobiloans ...
  • Kentuckyb payday loans By Unregistered on 11 Dec, 2012
    Help I have 3 payday loans one from Bottom dollar payday -initial borrow $500 / have paid 450 so far and pay off amount is 650 it shows on my checking account as silvercloud_fin but to email its usamoneyshop initial borrow 600 - have paid 53...
  • I have 3 payday loans in Kentucky please help By Unregistered on 30 Oct, 2012
    I have 3 IPDL's and I live in KY. Here they are... 250 Plain Green Loans 400 EZPAYDAYCASH 975 zip19 Are these companies legal in KY? I have closed my account and want to email them in regards to setting up payments. What should I say in the email. ...

Post a Comment

Howdy! I'm your debt helper

Curious to know how to pay off debts?

* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.

DEBTCC "Share and Win iPad" Contest

Follow and like DEBTCC

& "Get Social" for your Chance to Win iPad!!


Get Social for your Chance to Win iPad

Page loaded in 0.175 seconds.