• Get A Free Debt Savings Quote

  • Select Your Debt Amount Below:

*Please use the slider to select your debt amount

or Talk to a Texas Debt Specialist 469-663-6300

or Talk to a Texas Debt Specialist

14 kfox
Krix 6
Recent Internet Articles

Alternatives To Debt Consolidation In Allen, Texas

Debt consolidation in Allen, Texas, is a great repayment option if you are trying to get out of several high-interest loans. When done right and under the right circumstances, debt consolidation can help you save money, have lower interest rates, have a shorter loan lifespan, and provide a clear repayment schedule. However, if you still want to explore other options after proper consultations and consideration, you can always consider these alternatives.

Alternatives To Debt Consolidation In Allen Texas

Work With A Budget

Spending without a plan can lead to bad credit ratings, which you are trying to avoid. However, if you devise a budget and stick to it, you can eventually get out of your debt problem. Alternatively, you can get help from a credit counseling agency in Allen to help you come up with a suitable budget. Or, you can use the many budget apps available online.

Use Your Home Equity

If you have enough equity in your home, you may decide to borrow against your home to help you take care of your numerous debts. With your home equity, you can roll all your debts into a refinance or look at a second mortgage or HELOC. This has one major advantage; the home loan will have a lower interest rate than most credit cards. This means you will have to pay less interest on the debt, and your monthly amount will be lower.

Go For Financial Counseling Programs

You can also seek other financial help, like credit counseling to help you manage your debt. The certified financial counselor will help you sort all your loans and find ways to clear them. Usually, their services are low cost and will provide you with independent financial information according to your financial status and in a confidential environment.

Debt Settlement

Another option is debt settlement services in Allen, Texas. This involves negotiating with your creditor to accept a lower settlement than the original debt. You can choose to go through this process alone or use the help of a debt settlement company that will negotiate on your behalf.  Be sure to find a reputable Texas-based company. The Better Business Bureau can be a great place to look. Out-of-state companies might charge you enormous fees since and might not be licensed in Texas.

Debt consolidation can be one of the best repayment options to get out of debt faster. It helps lower interest rates, saves money, and improves your credit score in the long run if you use a new loan to pay off high-interest debt. However, after deeper consideration of your needs and goals, you can always try any of these alternatives. As a last resort, bankruptcy may be an option if you qualify.

How to Receive Debt Consolidation in Allen, Texas

The fastest way to get help is to call to speak with a Texas Debt Specialist now. You may also fill out the form above and one of our Texas Debt Specialists will reach out to provide you with a free and no-obligation consultation for Debt Relief or Debt Consolidation in Allen, Texas.

Affordable Debt Consolidation Headquarters
Hours of Operation
Texas Debt Management License

Debt Redemption License

Debt Consolidation Allen, Texas, Credit Counseling Allen, Texas, and Debt Relief Allen, Texas Consultations are Free of Charge with no obligation. Affordable Debt Consolidation is not a lender but offers a platform to receive offers from participating lenders.  Credit counseling clients generally obtain an interest rate between 6% and 11%.  Debt negotiation clients who make their scheduled monthly program payments generally experience approximately a 45% reduction of their enrolled balance before fees over a 24-48 month period, not including any optional and separate services such as legal services provided by a law firm.  Our settlement fees are 15% of the enrolled balance compared to 25% charged by most competitors. Individual results vary based on the ability to fund the program, and the creditors enrolled. Statements made are examples of past performance and are not intended to guarantee that your balances will be reduced by a specific amount or that you will resolve debt within a specific time period. Settlement fees are not charged until a debt is reduced and payment has been made to the creditor. We do not assume consumer debt, make monthly payments, or provide tax or legal advice. We are not a credit repair firm. Please contact a tax professional to discuss any possible tax consequences of paying less than the total balance. Debt Relief programs are exclusively offered to Texas residents. Logos used are property of their respective owners.

Privacy Policy | © Copyright Affordable Debt Consolidation Allen, Texas 2024 | All Rights Reserved | Sitemap