AR Debt Relief

Arkansas Credit Counseling (AR)

Arkansas Credit Counseling

Do you want to learn stronger budgeting habits while cutting back on how much you owe each month?  Here at Debt Relief Arkansas, we match our consumers with trusted credit counselors in AR.  Having your credit repaired is a quick way to lift your credit scores, while credit counseling is focused on managing debt and consumer education.

Of Arkansas’s 2,915,918 residents, we estimate that 107,541 are past due on their credit card payments.

Find out How Much You Could Save!

Managing Debt in Arkansas

How much is your debt in total? If you are spending over half of your income per month on rent/mortgage, loans, and credit cards, you probably need to get a savings quote now.  Debt management programs, often called DMP’s, are virtually synonymous with credit counseling.

As part of a debt management program, your AR credit counselor may able to get you reduced interest rates and better terms from the companies you’re paying back.  Essentially, your credit counselor will deal with your creditors directly.

Settlement vs Credit Card Counseling in AR

The majority of credit counseling companies try and have your debts paid back 3-5 years. Your credit scores isn’t supposed to decrease, but it may be tough to get new lines of credit, for example an auto or property loan. Having said that, if you were to go with a debt settlement program, you would have to expect your credit ratings to be gravely impacted.

Finding Credit Counseling Agencies in Arkansas

So long as you work with an experienced company, credit counseling can really help. In point of fact, the Federal Trade Commission now demands it for individuals filing bankruptcy not only in Arkansas, but countrywide, but good credit counseling agencies in Arkansas and across the nation ought to ensure that you get:

  • 45 to 60 Minutes of Preliminary Guidance
  • No Fees Upfront
  • A Tailor-Made List of Action Items
  • Accreditation Qualifications

For additional information, read this FTC guide on finding a credit counselor.

If you let us arrange a cost-free assessment, you can be more confident that you will end up matched up with one of the more effective credit counseling companies your area.

How Much Will CCCS Save You?

Everything you owe has to be repaid. However, you might not be required to pay as much each month as you are used to paying, if your lenders agree to the terms of your DMP.  Let a qualified credit specialist look at your finances and produce a savings estimate.

AR Debt Relief

How Much Does Credit Counseling Cost in Arkansas?

The counseling portion of credit counseling should be cost-free, though some counselors ask for voluntary contributions. Although not without cost, managing debt is a relatively inexpensive solution for a lot of Arkansas residents. Enrollment typically costs less than $75, and a fee every month of $40 or less.

If you can afford to repay $2.50 of every $100 you owe month after month, you could repay your debts in about 40 months, assuming that your credit counselor is able to freeze your interest rate. If he can’t, it’ll require appreciably more time.

Credit Counseling for Bankruptcy in Arkansas

Bankruptcy has become widespread in the state of Arkansas.  We estimate that 14,026 of Arkansas’s 2,915,918 residents have had to file for bankruptcy.  As required by law, you must participate in a credit counseling program prior to filing bankruptcy. This program must be within 6 months of when you file.

You don’t really need to pay a visit to your local credit counselor for this. Programs are available online and over the phone, as well as in person.  Some services are able to provide this service, some aren’t.

For an approved list of approved Arkansas credit counseling programs, click on this link. Alternatively, you can speak with an experienced debt professional by completing this form.

Credit and Debt Counseling in Your Part of Arkansas