If you wish to get rid of multiple bill payments in Pennsylvania, you should go for Pennsylvania debt consolidation. This process helps to lower your monthly payments thereby saving you money on interest rates and late fees. With Pennsylvania debt consolidation, you can get rid of harassing phone calls from creditors and work your way out of debt without even filing bankruptcy.
How Pennsylvania debt consolidation program works
If you have a job and you can carry on with your bill payments, at a lower interest rate, then consolidation may be the right option for you. When you enroll in a consolidation program, the consolidator does an income-expenditure analysis and helps you prepare a budget. The purpose is to figure out how much you save each month to make payments towards your bills. Based on what you can pay, the consolidator works with creditors so as to reduce your interest rates and penalty charges. If you have accounts in collection, your consolidator may be able to negotiate those accounts as well.
How Pennsylvania debt consolidation loan works
This is an unsecured loan which enables you to pay back your bills with one large payment that will leave you with only the consolidation loan to repay Learn more...
Debt consolidation Clarion programs and fees
Consolidation programs available in Clarion are similar to those offered in the rest of Pennsylvania. Of course the fees charged by companies in Clarion and other cities in Pennsylvania may be different. But the upfront fee charged by a consolidation company is capped by each state. So, if you feel that you've been charged more than what you should be paying, you should report it to the State Attorney General. The address of the Pennsylvania State Attorney General is:
Pennsylvania Office of Attorney General
16th Floor, Strawberry Square
Harrisburg, PA 17120
4 Things you shouldn't do when you consolidate bills
Take a look at the 4 things you should avoid doing while you're consolidating your bills.
1. Dealing with the wrong company:
It is better to avoid dealing with companies that send mailers promising to erase your debt within a short time span. These companies may charge you high fees and not send your payments to your creditors on time. You may simply end up getting a charge-off (from your creditors) that will have a negative impact on your credit score.
Not asking questions about their services:
Not concerned about hidden costs:
Adding on to your debts:
FAQ on debt consolidation Clarion and Pennsylvania
A judgment has a negative impact on your credit report and minimizes your chances of getting new credit in near future. So, it is essential that you negotiate an alternative payment plan with your creditors and avoid letting them get a judgment. If you are worried about your ability to negotiate on your own, you should look for a suitable debt consolidation Clarion company to work with your creditors on your behalf.
What options are available other than consolidation?
Other than a consolidation program or loan, there are Pennsylvania debt settlement programs that allow you to get rid of debt by paying much less than the amount you owe. Under this kind of program, you enroll with a settlement company that communicates with creditors on your behalf so that they accept a lower payment from you. Pennsylvania debt settlement programs can help you pay much less than the outstanding balance you owe.