Ohio residents who have more than $15k in credit card or medical debt can take advantage of a program that helps everyday Americans reduce and resolve their debt, sometimes in as fast as three months.
This program was developed due to the skyrocketing number of Americans who find themselves with unmanageable debt .
From credit cards to medical issues to the recent economic bumps due to the pandemic, consumer debt in America has never been higher.
If you owe more than 20k in credit card or medical debt , you are not alone.
Consumer Debt Has Risen
As most people know, recent events have not been kind to average Americans , which has caused the average credit card and medical debt to increase.
The economic impacts are many, but it s also the stress that is harmful in short, being in debt is not fun . Trust us, nobody chooses to be there.
Regardless of how someone came into debt, getting out of debt is hard on your own. But there is a light at the end of the tunnel.
Personalized Debt Relief
There are many ways to deal with debt. Depending on your credit and other circumstances, you have quite a few options. You can consolidate your debt into one monthly payment or refinance with a balance transfer credit card. If you own your home you can tap into your home equity. And if you don't qualify for those options you can start a debt management plan, which doesn't hurt your credit score and can cut your interest rate by half but may take 3-5 years to repay.
Let Freedom Financial Network look over your situation , and recommend a course of action
Consolidating your debt is ideal for those whose debt has a lower annual percentage rate than their credit cards. Or if you have excellent credit, you can refinance your credit card debt to a balance transfer card that charges no interest for a promotional period.
Freedom from debt starts with understanding your options . It takes only a few moments to see what debt relief programs are available to you.