New Brunswick, NJ – It is a sad fact that the burden of debt combined with stagnant wages is not only putting a lid on the U.S. economic recovery, but is backing many Americans into a disturbing and dangerous personal financial corner. For many the best answer is a personal debt reconstruction more popularly known as a debt consolidation.
To learn more above solving debt problems, consumers can call 1-844-860-9202 or go here http://www.debtconsolidationmadesimple.com/
The company DebtConsolidationMadeSimple.com helps debt burden consumers get relief with some of the most highly rated best debt relief programs available. According to the Federal Reserve, as of May 2015 consumer debt in the United States is on the rise. In fact, as of this past spring it has hit almost nearly $3.4 trillion. That equates to over $10,200 in debt for every man, woman and child in the U.S. and that is an alarming statistic.
On the one hand, prudent financial advice says consumers should save more and spend less while the Wall Street punditry says consumers need to spend more to keep the economic statistics in the black in an obvious attempt to push stock market indexes higher. But, when debt becomes burdensome, consumers get the picture and realize their spending must be cut and debts brought under control.
About 26% of all consumer debt is termed revolving credit, in other words that figure does not include mortgages. It is mostly credit card debt and when considering the extremely high interest rates on most credit cards this certainly the most troubling form of consumer debt. The other 74% of that debt is mostly auto loans and student loans. The average new car loan is more than $26,700.
According to data published by the U.S. Census Bureau, there were about 156 million credit card holders in the U.S. in 2009, and these 156 million credit card account holders have approximately 1.2 billion credit cards. That’s an average of 8 credit cards issued per cardholder and not a pretty picture. These statistics also show that Americans have about $886 billion in credit card debt, which translates to an ugly total debt per individual cardholder (not household) of over $5,700.
In 2009, U.S. residents charged around $1,944 billion to credit cards or just over $12,500 in charges per credit card cardholder. These statistics combined with household income levels shoe how easy it can be for Americans to lose control of their ability to service their debt.
To learn more above solving debt problems, consumers can call 1-844-860-9202 or go here http://www.debtconsolidationmadesimple.com/
About DebtConsolidationMadeSimple.com
DebtConsolidationMadeSimple.com is a marketing company based in Palm Bay, Florida.
Disclaimer/Disclosure: The current debt consolidation lead referral partner for the company does not offer this program to residents of Connecticut, Georgia, Kansas, Maine, New Hampshire, South Carolina, Oregon, Vermont or West Virginia. The company operates on an affiliate marketing basis and generates leads for third party companies who in turn interact directly with potential clients. DebtConsolidationMadeSimple.com is not a loan company, does not make loan decisions, does not interact with potential clients and has no involvement in the loan process whatsoever.
Media Contact
Company Name: DebtConsolidationMadeSimple.com
Contact Person: Chuck Sanderson
Country: United States
Website: http://www.debtconsolidationmadesimple.com/
Source: www.abnewswire.com
