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Debt Conolidation or Debt Consolidation?
Typing debt conolidation instead of debt consolidation is a common mistake when you are in a hurry. Typing quickly can lead to debt conolidation in your search field, but that does not mean that you need the information any less. The most important thing is that you get the right information concerning debt consolidation, even when you end up searching for debt conolidation.
Debt conolidation has led you to the right place.
Bills.com has all the info on consolidating, whether you spell it debt conolidation or debt consolidation. We can give you all the information on how debt consolidation works, information on other options, as well as guidance concerning the best way to tackle your finances. Check out our Debt Consolidation Savings Center and discover services that can help you.
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Bill.com is here to help you make the right choices regarding debt consolidation. Next time you search, type debt conolidation with confidence, knowing will lead you to the right place.
Get rid of your debt faster with debt relief
Take the first step towards a debt-free life with personalized debt reduction strategies.
Choose your debt amount
Or speak to a debt consultant 844-731-0836
Struggling with debt?
Debt is used to buy a home, pay for bills, buy a car, or pay for a college education. According to the NY Federal Reserve total household debt as of Q1 2024 was $17.69 trillion. Auto loan debt was $1.62 trillion and credit card was $1.12 trillion.
According to data gathered by Urban.org from a sample of credit reports, about 26% of people in the US have some kind of debt in collections. The median debt in collections is $1,739. Student loans and auto loans are common types of debt. Of people holding student debt, approximately 8% had student loans in collections. The national Auto/Retail debt delinquency rate was 4%.
Each state has its rate of delinquency and share of debts in collections. For example, in District of Columbia credit card delinquency rate was 4%, and the median credit card debt was $329.
While many households can comfortably pay off their debt, it is clear that many people are struggling with debt. Make sure that you analyze your situation and find the best debt payoff solutions to match your situation.
