Florida debt consolidation is the way to paying your bills faster and get better control of your debt problems in Florida. If you're having a tough time managing all your bills, you can take advantage of Florida consolidation program to help you get rid of the bills faster. Alternatively, you can take out a Florida consolidation loan and get rid of your bills with a single lump sum payment.
What are the types of Florida consolidation programs?
Depending on the type of bills you owe, there are various types of Florida consolidation programs offered. Check out the 3 major types of Florida consolidation programs:
Credit card consolidationThere are Florida debt consolidation programs that can help you consolidate and merge all your credit card bills into a single monthly payment. These programs help you eliminate late fees or over-the-limit charges and make it easier to resolve your payment problems.
Payday loan consolidationThese programs are meant for those who're looking to get rid of multiple payday loans (pdls). With this type of Florida consolidation program, you can replace multiple pdls with one affordable installment payable each month. Therefore, it relieves you from the stress of tracking multiple payments and dealing with several creditors.
Bill consolidationThis type of program works well when it comes to consolidating your medical bills, utility bills, and credit/store card bills. All you have to do here is send in one easy payment each month to your Florida consolidation company, which will then distribute the payments to individual creditors.
Avg credit card debt: $5,425
Delinquency rate on (credit card): 1.82%
Mortgage debt: $174,617
Delinquency rate on (Mortgage): 3.33%
Auto loan debt: $18,299
Delinquency rate on (Auto loan): 1.12%
Unsecured personal loan debt: $12,085
Delinquency rate on
(Unsecured personal loan): 2.59%
Which Florida debt consolidation option is best for you?
The best way to decide on the right option is to go for free counseling session with a Florida debt consolidation company. During the counseling session, you'll get an analysis of your current financial situation. This will help you choose the Florida consolidation option that's right for you.
Florida debt settlement - Are creditors willing to negotiate?
Creditors or collection agencies may allow you to settle your debts in Miami, Florida depending on the amount you owe. You can negotiate a settlement on your own or else approach a Miami debt settlement company to communicate with creditors or CAs and get your balance reduced.
Florida debt settlement programs are legal, but this doesn't mean that you can be charged excess upfront fees. Florida law sets a limit on the amount of upfront fees you can be charged. Once the Florida or Miami debt settlement company negotiates with your creditors, they'll charge around 25-35% of your settlement savings.
You'll find Florida debt consolidation programs being offered by several debt help companies operating in Miami, Jacksonville, or any other city in the state. Therefore, if you're having financial problems in Miami, Jacksonville, or any other city in Florida, you can enroll in a consolidation program and pay off your bills.
When should you go for Florida consolidation program?
You should enroll in a Florida consolidation program if:
- You can't keep up with your monthly bill payments at the current interest rates.
- You're getting harassing calls from collection agencies at odd hours.
- You're finding it hard to keep a track of your multiple bill payments.
- You don't want to file for bankruptcy.