Due to irresponsible lending practices by large banks and creditors, as well as a tough economic climate with a lack of high paying jobs, many Americans are finding themselves deep in debt. According to a recent statistic, Americans consumers owe a total of $11.13 trillion, of which nearly $849.8 billion is credit card debt. Unfortunately, the numbers continue to rise. According to a recent CBS news report, American debt continues to increase by a whopping $75 million each hour. As result, many Americans are now seeking debt help and debt advice from debt management companies.
Debt management companies offer a variety of flexible debt solutions for those seeking debt relief. Many people wrongfully assume that they must file for bankruptcy in order to ease their financial burden. This often results in poor credit scores for years to follow, which may make it difficult to re-establish good credit. However, debt counselors carefully review each client’s case, in order to create a debt solution that best fits their needs.
Regardless of the kind of debt you may have, there is a debt solution for you that will help you reach your financial goals. For more about this, go here.