Greenpath debt solutions

Greenpath debt solutions

Loans have become part of our lives today. More so, in the century we are in, you can apply for a loan from your phone and have it at an instant. Even the banks today have moved their services online, making it easy to access the funds.

But, it would be best if you manage your debt because once you are hook on a debt cycle, getting out is an uphill task. This is why the GreenPath Financial Wellness is here for you. If you are having problems with your loans and want a way out, the firm will sort you out.

Yet, you need to determine and trust the process. In this article, we are going to look into the GreenPath Financial Wellness services and how it works.

GreenPath debt solution

The firm was established in 1961, guiding the financial journey for everyone. It has been of assistant to many, ensuring stability and freedom. Their headquarter is located in Farmington Hill, Michigan, United States. The firm is a nonprofit financial agency and has branches all over the country. They help you with your credit card debt, bankruptcy concerns, student loans, housing debt, among other services.

GreenPath’s services and fees

The agencies offer various services to ensure you are debt-free. Though the services rendered, differ on the price charged. Here are the services you will find in Greenpath Financial Wellness.

• Debt management plan

This is a debt relief option that helps you to handle your debt without straining. The program works by rolling up the debt that you have accumulated into a monthly payment plan. The repayments are at a lower interest rate after your creditors, and the firm has reached a standardized rate.

Also, the payment plan is customizable to fit your budget, and the tenure is usually between three to five years. It is important to know that you won’t be allowed to open new lines of credit or use credit cards. This until the plan is completed and the debt settled.

Additionally, you are not allowed to default on your payments. If you miss making payments as agreed in the plan, the creditor might drop the accounts from the program. Thus, the low-interest rates removed, leaving you to handle the debt on your own. You won’t want that.

GreenPath Financial Wellness acts as a bridge towards you breaking free from debt. The program will put in place to ensure you save time and money. Hence once you have enrolled with the agency, ensure you are consistent and stick to the regulations.

This particular service will cost you most at $ 50, which is the startup fee on average; it amounts to $35. There is also a monthly fee of $75. This, on average, amounts to $29.

So, this is not a payment plan for all. You should only consider this plan due to the following reasons

o If you are sure, you can repay the debt within five years.

o Once your debt accumulates from 15% to 50% of your annual income

o If you are struggling to make monthly payments at a high-interest rate repay, then the debt plan works perfectly.

• Housing counseling

The amazing thing about the firm is that it offers counseling sessions as well. This is one of their product packages that makes the firm unique. There are several housing decisions that one may want to do.

It can be affording a mortgage or reversing them, homebuying, among others. This particular decision needs a person experienced in this field. At the agency, they will tell you about the whole process. The counseling session is free. But, the charges are about $199 depending on the kind of service you are seeking.

• General budgeting and advice

For you to stay away from debt, you must learn how to manage your finances. The service is done before or after you assigned a counselor who goes through your financial statements. He or she will tell you on the way to manage your cash to achieve your goal.

For example, you may want to buy an asset and need a new set of eyes to tell, Greenpath is the best solution. The service is free and lasts for an hour.

• Student loans

Education has become an essential part of one’s success. Yet, it is expensive, and sometimes you need a financial boost to be able to achieve your dream. This is why you need a student loan.

Before applying for a loan, you need to know what you are getting into. At Greenpath Finacial Wellness, a counselor will outline your repayment options. He or she will contact the creditor on your behalf and discuss the loan before the approval. This service costs you $50 for counseling and $200 for enhanced support.

• Bankruptcy counseling

Bankruptcy refers to a legal process where the debtor cannot repay the loan; hence you seek relief from all or part of the debts. The courts usually precede over these issues before you are rendered bankrupt.

At the agency, we recommend you attend court sessions. The sessions are done before you file and on also before debt cancellation. The firm will tell you according to the terms and conditions of the proposal. This is to ensure you are debt-free.

The services cost $25 pre-filling, done online, and when the service is over the phone, it costs $35. There is also a pre-discharge fee that you have to pa. This is $15 for the online services and $25 over the phone.

Conclusion

GreenPath Financial Wellness is the best firm that will get you out of debt. They ensure you are debt-free and regained your financial control. But, when using the services, your credit score may dip when you enroll. This is because of the lines of credit are canceled to ensure you clear your debt before accumulating more.

Nonetheless, if you start to make payments, credit history starts to improve. This means there is no need to worry. Plus there is no least amount for one to subscribe to GreenPath Financial Wellness services. If you are having debt issues, you have come to the right place.