Pennsylvania is a state in the United States which houses three very populous cities which include Philadelphia, Pittsburgh, as well as Allentown. With the increasing number of people in the area, there are also more people who cling to making use of means and ways that usually leave them with high debts. Due to these debts, people in Pennsylvania are now looking for alternatives in order for them to pay for them. This is where the different debt settlement choices come in, and this is where debt consolidations are actually very suitable.
Debt consolidation involves the process of taking out a loan in order to pay off many different loans. This debt consolidation is actually performed in order to secure a loan with a lower interest rate or a fixed interest rate. Most often than not, a debt consolidation involves a personal loan which can either be secured or unsecured which usually involves the use of a collateral. In order for you to have an idea of the total amount that you will need, you can be able to make use of both the debt consolidation calculator as well as a debt calculator which are great debt management tools. Furthermore, the debt consolidation is also said to be advisable for customers who are involved in paying their credit card debt. On the other hand, a military debt consolidation program will be able to actually help you in managing all your finances without the need for a consolidation loan as well as without the need to actually declare bankruptcy.
Pennsylvania has been recognized to maintain the different household bankruptcy rate which has been noted to actually be below the national average in the past 15 years. Furthermore, in Pennsylvania, the average credit score has been noted to be 695 which actually rank as among the top 15 different states all over the nation. Also, it has been noted that the average debt of a resident of Pennsylvania is actually more than $12,000.
Here are some of the companies in Pennsylvania who offer debt consolidation programs:
The Priority Mortgage Group -
The Priority Mortgage Group is a company which is committed to providing their customers with the best service there is when it comes to debt consolidation. It was founded in the year 1994 which used to be a one-man shop. Now, it has already expanded and it is now catering to many people especially those who are really having a hard time to pay their debts.
This company provides the different products/ services to their clients: home mortgage loans, second mortgages, mortgage refinancing, debt consolidation loans, as well as bad credit financing. In their debt consolidation loans, they are aimed at decreasing you costs from those very high interest rates payments. This Pennsylvania debt consolidation company aims to help you pay off those high interest credit cards, high interest personal loans, high interest car payments, credit union loans, as well as student loans. Another great thing about this is that all the interest that you will gain from the debt consolidation is actually tax deductible.
American Debt Consolidation -
The American Debt Consolidation is a company which has been aimed at offering very low-cost financial assistance to many people in order for them to be able to cope up with any of the different credit-related issues. This company has been in business since 1991 and they have already been established to be one of America’s leading debt consolidation as well as credit counseling company.
With their debt consolidation programs, you will be able to reduce your debt by up to about 60%. Through the help of the debt consolidation program, you will be able to become debt free in just 3-5 years compared to 30 or even 40 years. This company’s professionals will help you be able to negotiate with the different creditors in order for you to be able to obtain a better option for the repayment terms for your existing debt. With the help of the American Debt Consolidation, you will be provided with plans wherein the monthly payments are actually lowered together with the interest charges. In conjunction with this, you will also be able to save thousands of dollars due to the fact that you will not anymore be paying for inflated interest rates.
Advantage Credit Counseling Service -
The Advantage Credit Counseling Service is a company which is affiliated with the National Foundation for Credit Counseling as well as with the Council on Accreditation. This is a company which offers debt consolidation; a nonprofit company which aims at providing their clients with very effective debt reduction programs. This company has a team of professionals who will help you be able to formulate a money-spending plan which can aid in your proper handling as well as spending of the money that you have in hand. Furthermore, they will also try to provide a debt management program to you creditors in cases when the repayment of your bills has already become very difficult.
With their debt management program, you will be able to have the opportunity to reduce or even waive the very high interest rates, eliminate both over-limit and late fees, stop the different harassing calls from either the collection agencies or the creditors, reduced monthly payments, and a voluntary arrangement which will occur between you, the agency, as well as the creditors. Based on the different testimonials among the satisfied clients, they said that they were able to pay off their credit card debt which they have been trying to pay off for years.