Ohio debt consolidation: How to clear debt in Cleveland and Columbus

If you're knee deep in debt and cannot meet your multiple bills in Ohio, consider debt consolidation as a solution to your payment problems. Ohio consolidation companies offer help with your debt and enable you to clear your bills with on-time payments and fewer monthly payments.

How can Ohio debt consolidation companies help you?

Ohio consolidation companies offer programs where you can combine multiple bill payments into a simple payment every month. With an Ohio debt consolidation or bill consolidation program, you can make your monthly repayments at lower interest rates. The consolidation company negotiates with creditors or collection agencies (CAs) so that they agree to reduce high interest rates and make your bill payments easier.

Benefits of a consolidation program
  • It saves you money in interest.
  • You can pay down your bills faster.
  • Creditors or CA will stop harassing you.
  • You don't have to deal with several creditors.
  • One monthly payment makes it easier to manage your bills.

you'd like to pay off your debt with one large payment, you can apply for an Ohio debt consolidation loan, which requires small monthly repayment at a low interest rate. However, you need to have good credit in order to get your loan request approved.

Which Ohio consolidation company is best for you?

Whether you're in Cleveland, Columbus, or any city in Ohio, you need to choose the company that can help you the best. To choose the best debt consolidation Cleveland, Ohio company, you need to follow these tips:

  • Check out the company's reputation on the BBB website.
  • Look for online reviews of the company's services.
  • Check the company's accreditations (such as the IAPDA, etc.).
  • Read through the client's testimonials about the company.
  • Learn about the programs and fees you need to pay.
State of Ohio (OH)
map of Ohio state in USA

Avg credit card debt: $5,171
Delinquency rate on (credit card): 1.54%

Mortgage debt: $125,097
Delinquency rate on (Mortgage): 2.20%

Auto loan debt: $15,443
Delinquency rate on (Auto loan): 1.15%

Unsecured personal loan debt: $11,184
Delinquency rate on
(Unsecured personal loan): 2.92%

Payday loan laws >>

Do Columbus consolidation companies offer different programs?

Columbus, Ohio consolidation companies offer relief programs similar to other consolidation companies in Ohio. But the fee structure may be different for each company. There are some companies that may not charge a fee for getting enrolled in their programs. You may just have to pay a one time representation fee for handling creditor calls, letters, and a monthly representation fee for helping you to manage your bills. There are a few non-for-profit companies that may ask you to make voluntary contributions to their expenses.

Ohio debt settlement - How does it work?

If you can't afford the monthly payment under a consolidation program, you can get enrolled in an Ohio debt settlement program offered by a settlement company or law firm. A company representative or an attorney at the law firm communicates with your creditors or CA in order to have your debt balance reduced. An Ohio debt settlement program saves you time and money as you get rid of your obligations faster. However, make sure you're aware of the pros and cons of a settlement program, before you enroll in one.

How much
you can save
in Ohio

FAQ on Ohio debt consolidation and settlement

I have a lot of storefront payday loans in Cleveland, Ohio. All of these accounts are in default, what should I do?
Ans: You need to contact the payday lenders and request an extended payment plan. Few Cleveland Ohio companies offer programs to consolidate storefront pdls. Learn more....
I made a purchase on a credit card 16 years ago. I sold the item to a friend, who agreed to take over the payments. I never heard anything until I pulled my credit report and found that the card account had been charged off. The outstanding balance at that time was $400. Now I've started getting calls from a CA regarding this account. They're demanding more than I originally owed when the account was charged off. Should I get help from a debt consolidation Columbus, Ohio company?
Ans: The first thing you need to do is figure out who legally owes the debt. If you have written evidence that your friend agreed to assume the debt, then you will not have to make payments on it. If you cannot prove that you are not responsible for the payments, then you need to send the CA a letter informing them that the Statute of Limitations has expired. Once you have done that, you need to call them and negotiate a payment agreement with the CA. Know more....
Back in 2004, I took out a number of internet payday loans in Cleveland. I'm unsure how many. Recently, I have been getting a number of calls from CAs asking me to pay on different accounts. How do I figure out how much I owe, and how do I get rid of these pdls?
Ans: Your credit report will be able to give the details about how much your creditors believe you owe and to whom. You then need to validate the debt so that you are sure that you are not paying on a debt you don't owe. Once they provide you with sufficient evidence, you should start making the payments. If you find it hard to manage several pdls at once, you can enroll in a Cleveland debt consolidation program and combine your payments into 1 simple monthly payment. Find more....

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Last Updated on: Thu, 21 Jun 2018