Green Bay residents overwhelmed by debt can turn to debt consolidation to eliminate creditor calls and overdue notices. Debt consolidation companies take debt from multiple sources and negotiate with creditors to lower the total amount you owe. Our partners at ConsumerAffairs researched the best debt consolidation in Green Bay to help you live a debt-free life.
Wisconsin has a higher average credit score than the nation as a whole, but residents also have more credit card debt than the average consumer. State and federal laws protect Green Bay residents from extreme creditor practices, but dealing with creditors and debt collection companies is exhausting and overwhelming. For many people, debt consolidation is the best way to get out of debt for good.
Credit scores and debt in Wisconsin
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Average Credit Card Debt
Debt consolidation companies in Green Bay assist with unsecured debt, which is money borrowed without collateral. Credit card debt, overdue bills and most personal loans are unsecured debt. Secured debt, such as mortgages and auto loans, uses an asset as collateral and is ineligible for debt consolidation.
For consumers in Green Bay with at least $10,000 in debt, debt consolidation is an alternative to bankruptcy. Debt consolidation lets you combine payments into one lower payment while lowering your interest rate.
Once approved and enrolled in a program in Green Bay, customers put a monthly payment into a fund allocated toward the debt settlement. The debt consolidation company uses the amount in that fund to negotiate with creditors and settle your debts for a lower amount than you owe. The process generally lasts two to four years, though every situation is unique.
If you don’t qualify for debt settlement because the amount you owe isn’t large enough, you may be able to transfer your debts to a credit card with an introductory zero percent interest rate or take out a debt consolidation loan. A debt consolidation loan is a loan used to pay off your existing debts, allowing you to make one monthly payment to that loan instead of multiple debtors.
Unlike debt settlement, a debt consolidation loan does not decrease the amount of money you owe. Debt settlement is also available for people in Green Bay with low credit scores who do not qualify for debt consolidation loans.
The Wisconsin Department of Agriculture, Trade and Consumer Protection cautions consumers against working with a debt consolidation provider that charges upfront fees or makes specific promises about how much debt the company can eliminate. By being informed when choosing a debt consolidation company, you can begin your journey towards a better financial outlook.
National Debt Relief was founded in 2008 and is a member of the American Fair Credit Council and International Association of Professional Debt Arbitrators. They’re a BBB-accredited company with an A+ rating. Reviewers from Green Bay confirm their debt totals were negotiated down and say they appreciated the easy process.
A proprietary electronic debt settlement system combined with expert debt consultants makes Credit Associates an effective choice for debt relief. Reviews say that customer service is helpful and communicates well throughout the process, which lasts between two and three years. You can get a free consult with no obligation by contacting the company.
Accredited Debt Relief offers a free consultation to determine which of their programs best suits your specific situation. They have more than 20 years of experience and pride themselves on helping their communities by contributing to several national charities. Customers in Green Bay appreciate their staff taking the time to carefully explain the process and options.
Freedom Debt Relief has more than 600,000 people enrolled in their program and has resolved over $9 billion in debt since their founding in 2002. An online dashboard keeps you informed of your progress and status at any time, and their process begins with a risk-free consultation. Customers in Green Bay appreciate the top-notch customer service.
With certified debt counselors to guide your debt settlement every step of the way, Pacific Debt charges no upfront fees until you get results. The company has helped settle more than $200 million in debt for clients. Reviews speak highly of having access to a personal account manager who can help set up an affordable payment plan.