Debt is a major drain on the financial health of individuals. Between mortgages, credit card bills, medical bills, student loans, and car payments, many of us are overwhelmed by crippling debt. If you are stressing about debt, you’re not alone. About one in three people were contacted by a creditor or collector over an unpaid debt within the past year.
As of January 2018, total household debt hit $13.15 trillion.
- Student loan debt grew to $1.38 trillion and 11 percent of borrowers were 90+ days delinquent.
- Credit card debt grew by 6% to $1.028 trillion.
- 10% of adults carry debt from medical expenses that they had to pay out of pocket the previous year.
- Outstanding auto loan debt exceeded $1 trillion and 42 percent of auto loans carry a six-year term or longer.
The good news is that anyone can get out of debt.
Regardless of your income or wealth level, you can become debt-free if you follow this guide.
Getting out of debt typically involves taking many steps, both big and small. If you are determined to get a handle on your finances, you’re in the right place. We are here to help.
Whether it’s consolidating your debt for a lower interest rate or a debt settlement, we show you the best options available.