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- 1 min read
Debt Consolidation Load Might Not Be What You Were Looking For.
When you are typing quickly, you never know what you will end up searching. More likely than not you were searching for debt consolidation loan when you typed in debt consolidation load. The point is that you need clear, reliable information about managing your finances, either way.
Debt consolidation load might not be what you intended to type, but it will get you to the right place.
At Bills.com, we want to take the mystery out of debt consolidation. With the information we give you, you can decide whether debt consolidation is right for you. We also have lots of articles on other forms of financial management and offer guidance and services to make getting your debt in order easier than ever before. It is simple to use our Debt Consolidation Savings Center to check out the services at your fingertips.
Debt Consolidation Can be an Option Today
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Debt consolidation is only one of the many options available to you at Bills.com. Whatever the best choice is for your finances, Bills.com helps you find the lenders and services that can get your debt under control.
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
Dealing 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 10% 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 Nebraska credit card delinquency rate was 3%, and the median credit card debt was $463.
Avoiding collections isn’t always possible. A sudden loss of employment, death in the family, or sickness can lead to financial hardship. Fortunately, there are many ways to deal with debt including an aggressive payment plan, debt consolidation loan, or a negotiated settlement.
