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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
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Debt statistics
Mortgages, credit cards, student loans, personal loans, and auto loans are common types of debts. According to the NY Federal Reserve total household debt as of Q1 2024 was $17.69 trillion. Housing debt totaled $12.82 trillion and non-housing debt was $4.88 trillion.
A significant percentage of people in the US are struggling with monthly payments and about 26% of households in the United States have debt in collections. According to data gathered by Urban.org from a sample of credit reports, the median debt in collections is $1,739. Credit card debt is prevalent and 3% have delinquent or derogatory card debt. The median debt in collections is $422.
Each state has its rate of delinquency and share of debts in collections. For example, in Mississippi credit card delinquency rate was 6%, and the median credit card debt was $363.
To maintain an excellent credit score it is vital to make timely payments. However, there are many circumstances that lead to late payments or debt in collections. The good news is that there are a lot of ways to deal with debt including debt consolidation and debt relief solutions.
