Debt Consolidation Decatur IN

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Last updated July, 2022

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Decatur IN Debt Consolidation Services

You can apply for debt consolidation here, or use any of the local Decatur IN services we have gathered for you. Remember that debt consolidation and debt relief are completely different, which is explained in more detail below.

Our application process is extremely simple. Just enter your zip code, and estimated credit score to start. After that our patented SwiftWire™ platform will guide you through the easy process of applying for your debt consolidation loan, or debt relief program.

You can also use the same form to estimate your APR (interest rate). This one-of-a-kind application uses survey data from other borrowers and debtors in your zip code, in the Adams county area, or in the Decatur IN area. Once you know your estimated APR you can enter it into our interactive debt consolidation calculator. You will instantly be provided with an estimated monthly payment, interest, and principal schedule.

After applying here @ LDS, our SwiftWire™ platform will process and route your application directly, securely, and quickly.

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Understanding Our Services

Transparent and fair cost structures with true APR.

Good Credit Rewarded

If you’ve been diligent in protecting your credit rating your interest rate will be lower.

No Hidden Fees

No small print fees, early payments, closing payments, or balloon payments.

Payment Flexibility

Choose the best payment plan for your financial situation and income per month.

SwiftWire™ Technology

With our patented SwiftWire™ technology we can service your consolidation loan faster than the competition.

Superior Customer Service

No matter what your consolidation needs are, our team is there for you ASAP. You’re not alone anymore.

Bad Credit Welcome

Our system approves a high ratio of bad credit borrowers.

Current Indiana Usury Law

Indiana Usury Laws in brief: Legal: 8% Contract: As per Indiana UCC / Judgment: 8% / Corporate: No specific rate

Source: Indiana State Government Web Site

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Debt Solutions in Decatur and the Adams County Area

A debt consolidation solution

Decatur-based debtors can use our patented SwiftWire™ process to consolidate high interest loans, credit card balances, department store card balances, car loan balances, gas cards, cell phone bills, and any other high interest balances they may have. Please keep in mind that a consolidation loan is nothing like a debt relief solution.

Budget after consolidation loan approval

Once you are approved for your debt consolidation loan it’s time to watch all your expenses closely with a detailed and forthright budget. We’ve included a free budget planning template so you can do just that. Make sure you’re accurate with every expense so you can see your true debt-to-income ratio. This is an important part of the “financial healing” process, so that you don’t fall into even more debt in the near future.

It’s a very common problem with newly approved customers. At first they’re thrilled to see all their debts paid off, and they’re even happier to have the collection calls stop. But then they soon relax their budget strings and start over using their credit cards again.

A debt relief solution

A debt relief solution may be your best bet if your local Decatur-based banks and credit unions, or your Adams county area banks and credit unions have declined your requests for a consolidation loan. A debt relief plan is when you negotiate to pay back a fraction of your debt(s). You can use our easy app – after entering your zip code you will be instantly given options for a reliable debt relief provider in your area.

Will you approve applicants with bad credit?

You can be approved for debt consolidation with a bad credit rating. If the loan officer sees your debt-to-income ratio (monthly income/total expenses) is manageable, and your income sources are well established, you can certainly be approved. Keep in mind that your final true APR (interest rate) will be higher than a good credit borrower.

This can be a fresh start for you. This may be a way for you to greatly improve your credit rating. Going forward you can change your spending habits to make sure your debt-to-income ratio is healthy. This issue with debt could be something you never have to deal with again.

How will my bad credit score affect cost?

If you have a poor credit rating, with a low FICO score (credit score) your true APR (annual percentage rate) will naturally be higher than those borrowers with higher credit scores. However, this is only in regards to a debt consolidation loan. If you would like to get an instant no obligation estimate of your cost without any formal communication, simply use our free APR estimator to get your estimated interest rate and enter that into our interactive consolidation calculator.

For a debt relief service, your credit score doesn’t come into play. However, your credit score can be affected when using a debt relief option. We recommend trying for a debt consolidation loan first, either with our application form, or with your local Decatur-based lenders.

About our Decatur IN service listings

Below we have local Decatur IN services resources. These include financial planners, debt and credit counselors, social assistance offices and locations, income upgrade opportunities, and stress management providers who serve the Adams County area.

With our debt services app now at your disposal, and your local Decatur-based providers, we’re confident you will get your debt issues sorted out soon. Don’t forget to bookmark this page for later reference.

Service Area for Debt Consolidation Loans in Decatur IN

F.A.Q. for Decatur IN Residents

Answer: Yes. You can do an Associate Debt Settlement in Decatur Indiana.

An associate debt settlement (or associate debt "relief") is when you have a close friend, relative, or third-party negotiate with your creditors to pay back only a portion of your debt(s).

This is a legal process that has a lot of advantages. By having your Adams County-based third-party (friend, relative, or professional) negotiate with your Decatur creditors (banks, credit unions, hard money lenders, payday loan companies, title loan companies, etc.) you are removing most of the stress involved with the debt relief process.

Your Decatur-based creditors are better off with an associate debt settlement as well because your associate is not burdened with the emotional aspects such as guilt and shame that go with overwhelming debt problems.

Answer: Yes. You can get a Tidy Debt Relief in Decatur Indiana.

A Tidy Debt Relief (or Tidy Debt "Settlement") is when you consolidate all your debt(s) with one Decatur-based creditor (or one National creditor) and one form of credit. The form of credit can be an unsecured credit (for example of unsecured credit card) or some form of secured credit, such as a home equity line of credit, or a credit line secured with some sort of asset (car, RV, truck, property, etc.).

The way it works is this:

You pay off ALL your Adams County-based creditors (e.g. - utility bills, overdue rent, local telephone company, Decatur-based department stores, small businesses, pay day loan companies, title loan companies, friends, relatives, used car dealerships, etc.) with the one main secured or unsecured credit form you chose above.

The advantages of your local Tidy Debt Relief process are as follows:

1) Almost ALL of your local Decatur Indiana-based creditors are paid off in full so you’re hurting the least number of creditors in your local area. The larger national banks such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, U.S. Bancorp, Truist Financial, PNC Bank, TD Bank, Capital One are insured for all consumer credit charge-offs.

2) If, after you’ve exhausted all avenues of paying down your main national creditor, and can’t possibly pay them back in full, you can begin a debt relief (or debt settlement) process with them. By only having one creditor to “deal with” (negotiate with) you are dramatically speeding up your debt settlement process, while making sure our local Decatur creditors are made whole.

3) By paying off (hopefully all) of your local Decatur creditors with the money from your single creditor you’re stopping almost all of the collection agency phone calls. One creditor to deal with.

When you are at the stage where you’ve paid off all your local Decatur creditors with the money from your one nationwide creditor we recommend you carry out an Associate Debt Settlement (see the F.A.Q. above).

Answer: No. You can’t go to jail for having unpaid debt in Decatur Indiana.

Decatur Indiana-based creditors can’t take your primary residency (if you own a home), your home contents, one vehicle, or any tools you need to earn a living with.

However, depending on your special circumstances, if you don’t pay child support, tax arrears, or court fines, there is a very slight possibility of doing a little jail time in Decatur or somewhere in Indiana. This is only in rare cases of egregious default.

So stop worrying about that, regardless of what any debt collection company tells you.

Answer: Yes. You can choose to ignore debt collection agencies in Decatur Indiana but you shouldn’t!

You should never ignore any snail mail, emails, texts, or phone calls from any creditor (National or Decatur-based) because you DON’T want them to go to court and get a judgement against you. Don’t let it go that far.

If you get notices from any Decatur Indiana-based collection agency acting on behalf of a national creditor, respond ASAP. Get in front of it and start a negotiation if you can.

We know it’s stressful dealing with creditors so consider getting an associate to deal with your national and/or Decatur-based creditors. See the What is Associate Debt Settlement and can I get one in Decatur IN? FAQ above.

Answer: No. Debt collection representatives calling Decatur Indiana residents on their phones must do so between the hours of 8:00 AM and 9:00 PM. The only exception is if you give them permission to call you any time.

Answer: Debt collection representatives communicating with Decatur Indiana residents CANNOT:


--- Call you all hours of the day and night (see FAQ above).
--- Threaten you with physical violence.
--- Use foul or abusive language.
--- Lie about how much you owe.
--- Fake being a lawyer.
--- Fake working for the Federal Gov or Indiana State Gov.
--- Claim you'll go to jail (see FAQ above).
--- Say they'll use legal action when they're not.
--- Claim you owe extra fees or interest on the actual arrears.
--- Contact your friends for family unless it's your spouse.
--- Contact you at work if your employer disallows it.

Decatur IN-based banks, credit unions, community banks, and national bank branches have the strictest rules and regulations governing how they lend money (ANY money – not just for debt consolidation) so they are considered to be perfectly legit.

Decatur Indiana-based PRIVATE hard money lenders, subprime lenders, and title loan lenders must follow all FTC guidelines regarding lending and all Indiana State usury regulations as well, BUT these hard money lenders tend to be the most susceptible when it comes to cutting corners, skirting the law, or using shady (questionable) tactics. See our Indiana State usury regulations section near the top of this page entitled, “Understanding Indiana Lending Law”.

To be on the safe side, no matter which Decatur-based lender you apply for a debt consolidation loan with, be sure to read all their contract fine print carefully. If you can’t do that, at least find a Decatur-based professional financial adviser or local Decatur-based attorney to check the lender’s contract over.

The best Decatur IN banks for debt consolidation are the banks that give you the lowest possible interest rate and APR considering your credit history and personal financial situation (income, DTI, etc.).

Your Decatur-based community banks are generally easier to deal with when compared to any of the National Bank Branches with physical addresses in Decatur. But keep in mind that your community banks are “FOR-PROFIT” companies, just like the National banks such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, U.S. Bank, PNC Bank, TD Bank, or Capital One.

Your best bet when applying for a debt consolidation loan is usually with a NOT-FOR-PROFIT Decatur Indiana-based Credit Union. Even better…a Decatur-based Credit Union that you’re already a member of.

Answer: No. There is no Freedom Debt Relief office located in or near Decatur Indiana that you can visit for walk in service.

Freedom Debt Relief is a national debt relief service. You can use their website to inquire about your debt settlement online, or use their phone number to contact them.

Freedom Debt Relief has two national administration offices. 1) San Mateo CA 2) Tempe AZ

Answer: No. There is no National Debt Relief office located in or near Decatur Indiana for walk in service.

National Debt Relief is a nationwide debt relief service. You can use their website to inquire about your debt settlement online, or use their phone number to contact them.

National Debt Relief has three administration offices. 1) NYC 2) Henderson NV 3) Culver City CA.

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Local Based Services

Directory of Decatur-based services, specifically for those struggling with financial insolvency, unemployment, payday loan traps, loan shark traps, or sheer desperation. We understand you may feel more comfortable dealing with a provider with offices right in, or nearby Decatur, Indiana.

Credit & Debt Counseling
In Decatur IN

Social Services

Financial Planning
In Decatur IN

Income Upgrades

Stress Management Help for Decatur Area Debtors

Being in deep debt is highly stressful. If you’re having trouble dealing with stress, anxiety, or depression because of debt, consider reaching out to your local Decatur area stress management professionals. They can help debtors understand they’re not alone and that it’s a temporary life situation.

Closing note and tip of the day for Decatur Indiana debtors…

Our job at LDS is to find you a debt solution, and provide you with local Decatur services. We would be remiss if we didn’t include the above offices for making appointments. One of the best things you can do when struggling with debt or money problems is get some professional, and unbiased advice.

We hope you consider reaching out to some of these Decatur-based organizations so you can get your personal finances on track, keep your stress to a minimum, and make a solid financial plan for the future. We’ve included the local weather forecast so you can plan your appointments on the ideal day.

July 03, 2022 tip of the day for Decatur-area visitors…

When Does Debt Consolidation Make Sense?

This is one of these most important questions you can ask when considering a debt consolidation loan. The truth is some folks shouldn’t even be applying for consolidation. The key question is “can you afford it”? Meaning do you have enough monthly income to service your debt consolidation loan easily, and still have enough for a reasonable lifestyle, and save a little bit of lucre each month. For some borrowers, this is all a bridge to far.

If you’re swamped in high interest debt and there is no income increase in the near future (or even in a distant horizon) you may not be a perfect candidate for a consolidation loan.

There are some financial experts who create a lot of chatter on the merits of consolidation financing, and the opinions range wildly. A commonly parroted consensus is that all your combined monthly debts (mortgage, car loan, credit card payments, utilities, child support, etc., etc..) shouldn’t total more than 50% to 60% of your gross monthly income. Now that’s not a bad ballpark figure to go by, but that can be stretched to as high as 70% in some cases when the debtor’s income is extremely secure, and they’re not off their rocker when it comes to spending habits.

To further the financial planning community consensus on consolidation lending, the theory is if you do get a loan to pay off all your debts, you must get an APR low enough so you can handle your payments, and not fall victim overwhelming payments. Furthermore, you should never get a consolidation loan for a term longer than 3-5 years.

Of course, like anything one size doesn’t fit all. Sometimes the debtor is at the cusp of greatly increasing their income, or receiving and inhertance, or having their monthly bills disappear (as in the case of a debtor “marrying into money”). BUT, this is rarely the case.

Error on the Side of Caution

With all the above said, it’s best to follow all that advice if you choose to get a consolidation loan. At Local Debt Services, or criteria is a little different. Here is a list the lays out when not to go ahead with a consolidation.

  1. Plan in terms of your NET income (not gross). Your net income is the REAL number you need to keep an eye on. If all your monthly bills, rent or mortgage, comes to more than 80% of your net income, then you may not want to take out a loan. That’s not leaving much for savings of any kind, or emergencies.
  2. If your credit score is quite low, resulting a high APR (annual percentage rate),
  3. If there is no feasible way to pay off your new consolidation within a 3 year period. Life moves fast, and you never know what’s going to come down the old pipe in a 5 year period.
  4. If you steady income is shaky in any way. Is your job in an industry where there’s a lot of churn?

We hope this helps you decide on whether you can manage a consolidation. If you answer yes to 2 out of the 4 questions above you should proceed with caution. If you want find out what your monthly payment schedule would be, use our easy (and free!) 2 step process:

1) Estimate your personal APR here

2) Use our payment schedule tool
(with the APR you estimated in Step 1)

Trust Your Gut

All of the above is fine, but something most financial gurus never tell you is, TRUST YOUR GUT. Deep down inside you KNOW if you can afford a consolidation loan. You KNOW if you have the will power to stick to a smarter budget going forward. You KNOW if your income is solid and steady. Trust in your gut and be honest with yourself. This is the best advice you can get on the subject.

If you do decide to take out a consolidation, don’t forget to change your spending habits going forward or you’re just going to continue the cycle until your on the verge of personal bankruptcy. We covered this already on our website.

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Local Debt services

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E: h@localdebtservices.com

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