Dealing with a creditor or calls from debt collectors can be stressful. If this happens, you may be tempted to resolve the situation as soon as possible by paying the account. But what if the debt isn’t yours? This can happen for many reasons, including identity theft, name mix-ups or account reporting errors. If a …
According to newyorkfed.org, total household debt surpassed $16 trillion in the second quarter of 2022. Meanwhile, mortgages, auto loans and credit card balances increased by $312 billion. Balances now stand $2 trillion higher than at the end of 2019, before the start of the COVID-19 pandemic. Chances are, you are one of those with ballooning …
Debt Settlement Pros and Cons: What’s the Risk vs. Reward? Read More »
Millions of Americans have debt that is spiraling out of control. They have to deal with the daily struggle of deciding whether to pay bills, buy food, pay their medical debt, or get their car fixed. No one should face these decisions, especially if you have had an accident, lost a job, got a divorce, …
Debt Settlement Attorneys: Do You Need One, and How to Find the Right One Read More »
New York is home to 19.84 million people, making it the fourth most populous state in the country. Of those people, approximately 13% live below the federal poverty line, higher than the official poverty rate of 11.6%. Although the average personal income for a New York resident is $70,460, many New Yorkers struggle to make …
New York Debt Relief: The Tools You Need to Escape the Debt Trap Read More »
With 39,237,836 people, or roughly 12% of the country’s population, California is the most populous state in the United States. California is also one of the more expensive places to live, which is why many Californians struggle financially and need debt relief or financial assistance. The average debt per California household is about $73,400, not …
California Debt Relief: The Tools You Need to Escape the Debt Trap Read More »
The world gets more expensive every day (gas prices, anybody?). Unfortunately, wages have remained more or less the same. To bridge the gap, many Americans are turning to credit and loans for help. Is it any wonder that nearly half of all 18–34-year-olds feel like they are “drowning in debt”? When you feel overwhelmed by your debt, …
Are you Drowning in Debt? Here’s How to Save Yourself Read More »
Tens of millions of Americans are struggling with debt and looking for a way out. That search can be confusing: There are many debt relief methods out there, and it’s hard to know which is right for you. Debt settlement and debt consolidation are two of the most common. Let’s take a closer look at …
Debt Settlement vs. Debt Consolidation: Which is Better? Read More »
An estimated 5,711,471 people live in Minnesota. The cost of living in the state is slightly lower than the national average, and the median household income is $77,706. Yet, many residents still struggle financially. The state’s poverty rate is 9.3% which, while lower than the official national poverty rate of 11.6%, is still significant. The …
Minnesota Debt Relief: The Tools You Need to Escape the Debt Trap Read More »
Known for its stunning landscapes and abundance of nature, Montana is home to 1,122,867 people. As picturesque as the state is, many Montana residents still struggle financially. The average personal income is $49,340, whereas the national average is $67,521. Meanwhile, the average debt per capita is $56,662 (excluding mortgages). The state also ranks 31st when …
Montana Debt Relief: The Tools You Need to Escape the Debt Trap Read More »
New Jersey, of the Garden State, is home to 9,261,699 people. The average New Jerseyan has a personal income of $67,120 and owes $62,350 in consumer debt (not including mortgages). Around 798,262 people live below the federal poverty guidelines — or 9.2% of the state’s population. This is slightly below the national poverty rate of …
New Jersey Debt Relief: The Tools You Need to Escape the Debt Trap Read More »