Delray Credit Counseling
What Does Delray Credit Counseling do?
What Does Delray Credit Counseling do?
Delray is a good and ethical firm that does a form of Debt Consolidation that is referred to as credit counseling.
Delray Credit Counseling specializes in debt consolidation and credit counseling services - which is usually used to lower monthly payments and to get debt free faster than just paying minimum payments on unsecured debts such as credit cards.
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VIDEO: Credit Counseling - What is Credit Counseling?
Did you know?
Debt is used to buy a home, pay for bills, buy a car, or pay for a college education. According to the NY Federal Reserve total household debt as of Q2 2023 was $17.06 trillion. Auto loan debt was $1.582 trillion and credit card was $1.031 trillion.
According to data gathered by Urban.org from a sample of credit reports, about 26% of people in the US have some kind of debt in collections. The median debt in collections is $1,739. Student loans and auto loans are common types of debt. Of people holding student debt, approximately 8% had student loans in collections. The national Auto/Retail debt delinquency rate was 4%.
Each state has its rate of delinquency and share of debts in collections. For example, in Wisconsin credit card delinquency rate was 2%, and the median credit card debt was $371.
To maintain an excellent credit score it is vital to make timely payments. However, there are many circumstances that lead to late payments or debt in collections. The good news is that there are a lot of ways to deal with debt including debt consolidation and debt relief solutions.
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You need to call Delray Credit Counseling directly, at (800) 982-8445, to find out what is happening with your account.