If you reside in California and you're having debt problems, then California debt consolidation programs can help you. There are a lot of California debt consolidation companies that offer a number of relief options to help you when you're in financial distress.
What are the types of California debt consolidation?
There are 2 types of California consolidation - CA debt consolidation program and California consolidation loan. To find out if at all a consolidation program would suit your purpose, go for a no-obligation free counseling with a consolidation company. Just explore the options before you choose the right one for you.
CA debt consolidation program:
Under this program, you can get help from CA consolidation companies who'll negotiate with your creditors in order to lower your interest rates and monthly payments. Instead of keeping track of multiple payments, you combine your bills into a single monthly payment and send it to your consolidation company. The company then distributes the payments amongst your creditors.
California debt consolidation loan:
It's an option using which one can pay back his bills using a single unsecured California consolidation loan. All you need to do is, pay off the consolidation loan at low interest rate and in monthly installments. Use the calculator given below and find out when you can repay your bills by taking advantage of consolidation loan.
Apart from unsecured consolidation loans, there are also secured California debt consolidation loans like the home equity loans that can help you pay off multiple bills together.
Avg credit card debt: $5,460
Delinquency rate on (credit card): 1.42%
Mortgage debt: $331,561
Delinquency rate on (Mortgage): 1.42%
Auto loan debt: $18,143
Delinquency rate on (Auto loan): 0.88%
Unsecured personal loan debt: $10,117
Delinquency rate on
(Unsecured personal loan): 3.55%
Do San Diego consolidation companies offer similar programs?
No matter what city you live in - whether it's San Diego, Fresno, Sacramento, Long Beach, San Francisco, Los Angeles, or San Jose, you'll find that most companies offer the same basic programs as CA debt consolidation companies so as to help you consolidate bills.
Can San Jose consolidation companies help to deal with CAs?
Companies helping you with debt consolidation in San Jose assist you in dealing with collection agencies. The consultant at the consolidation company will negotiate with the collection agencies so that they lower your interest rates and offer you an affordable payment plan. San Jose consolidation companies can work with your creditors and collection agencies and have your bills consolidated into a single monthly payment.
Can California debt settlement help if I can't consolidate my bills?
If you can't afford to consolidate your bills and manage the monthly payments under a consolidation program, you should try a California debt settlement program. These programs help you reduce your outstanding balance. In most cases, you can settle your bills for much less than the outstanding amount when you're under a CA debt settlement program.
Are Los Angeles debt settlement programs available?
Los Angeles debt settlement programs are available with settlement companies operating in the city. These programs work in a similar way as CA debt settlement programs. The upfront fees charged by Los Angeles debt settlement companies are capped to a certain limit as allowed by the State of California. In case you don't want to pay a third party for settling your bills, you can do it on your own. Just check out the steps to settle your bills yourself.
Whether you consolidate or settle your bills, make sure you have the self-discipline to avoid unnecessary expenses and save enough to make on-time payments on your bills. It'll save you from getting off the track and help you eliminate your bills faster.
What are the benefits of CA debt consolidation?
With the help of a consolidation program, you can get the following benefits:
- Reduced interest rates and monthly payments
- Stop receiving collection calls
- No dealing with multiple creditors
- No need to file bankruptcy
How much
you can save
in California
FAQ on California consolidation and settlement
However, if your income isn't enough for you to make regular payments on all accounts, then it may be a good idea to go for a CA settlement program wherein your outstanding balance can be reduced.
Attorney General's Office
California Department of Justice
Attn: Public Inquiry Unit
P.O Box 944255
Sacramento, CA 94244-2550