Debt Consolidation Options in Allentown, PennsylvaniaAugust 3, 2022
As a resident of Allentown, you can be proud that the Urban Land Institute named your city “a national success story” back in 2016 due to the redevelopment and transformation of its downtown area. The Lehigh County city was one of only six in the U.S. given such an honor.
The Pennsylvania State Legislature gets credit for this transformation since they created the Neighborhood Improvement Zone (NIZ) in 2009 to encourage revitalization of the area. In addition to the Central Business District, developers created a new Riverfront district on the Western side of the Lehigh River.
As an Allentonian, you may well be proud of this dramatic turnaround of an area that had fallen into disrepair. But if you happen to have garnered a significant amount of debt—from credit cards or other means, your civic pride may be diluted by a sense of personal shame about your fiscal burden.
Good news! It’s time now to begin your personal transformation from debt-laden to debt-free today! Learn about the various debt-relief options available to you and revitalize your life and finances. Whether it’s debt settlement, debt counseling or debt consolidation, Allentown residents can find help today.
Which Debt Relief Solution Is Right For You?
There is a variety of debt solutions available to those burdened by massive debt. There’s no one-size-fits-all solution, but there are options that might fit your debt situation better than others. Here’s an overview of what may be available to you in Allentown.
Allentown residents that have more than $10,000 in debt might be good candidates for debt consolidation. It involves getting a consolidation loan to cover your debts. This simplifies your debt repayment process: instead of paying several bills to several creditors, you pay one to a debt consolidation company or bank. If you can secure a debt consolidation loan at a reasonable interest rate, you could make debt resolution less stressful.
Most consolidation loans require collateral — a high-value asset such as a home or a car. A secured loan is a bit of a double-edged sword: you pay less over time if you get a lower interest rate. On the other hand, if you do fall behind or can’t make your payments, you’re in danger of losing your leveraged asset. That means your house could be foreclosed on or your car seized.
Debt counseling could be right for you if you do not have massive amounts of debt. A debt counselor may help you build a budget and teach you strategies that can help you pay down your debt faster. Allentown residents should research debt counseling services in the area for a comprehensive list of services.
For Allentown residents struggling with a lot of debt, debt resolution could be your answer. With debt resolution, you work with a company to reduce and resolve debt. The company negotiates with your creditors on your behalf while you save into a program account you control. When the debt settlement company reaches an agreement with one of your creditors, you can settle the debt with the funds you saved. The process continues with all your enrolled creditors until your debt has been resolved.
There are other options besides debt counseling, resolution and debt consolidation. Allentown residents can also look into minimum payment plans and bankruptcy. There are many options out there, each with their own pros and cons. That’s why it’s important to call today for a free debt evaluation of your financial situation: 800-910-0065
Request a free debt evaluation to find out how we could help you:
- Resolve your debt faster
- Significantly reduce what you owe
- Make one low monthly program payment
Debt Consolidation in Allentown
Most U.S. cities have nicknames and Allentown is no different. It boasts several, in fact. Whether you call yourself a resident of “The A,” “A-Town,” “Queen City,” “Band City USA,” “Peanut City,” or “Silk City” it’s important to know that you’re not the only local who suffers from a bank account in the red as opposed to in the black.
If this is the case, debt consolidation could be worth looking into. Debt consolidation may simplify the debt repayment process.
Whether it’s resolution, counseling or debt consolidation, Allentown residents have options. Don’t wait any longer to call 800-910-0065 . It’s time to take care of your debt and enjoy your very own transformation and revitalization.