Debt Consolidation: One Solution Available to Akron ResidentsAugust 3, 2022
Akron, Ohio has enjoyed a varied and interesting past from a business perspective. Many industries in the United States either began or were influenced by the “Rubber Capital of the World.” Akron got this nickname due to the high number of tire companies that used to call it home. Firestone, General Tire, and Goodyear are among some of the tire giants who employed many Akron residents from the 1900s to the 1990s.
Perhaps you’ve experienced financial difficulties as a result of the layoffs in the tire industry. Or maybe you’re experiencing financial difficulties for other reasons. Either way, it doesn’t have to be the end of the world. Your debt relief solution could be just a phone call away. Whether it’s debt settlement, debt counseling or debt consolidation, residents of Akron can find help today. Call now for your free debt evaluation to find the solution that best fits your circumstances. There’s more than one way out of debt. Start your journey to financial freedom today by calling us at 800-910-0065 .
Which Debt Relief Solution Is Right For You?
There are a variety of debt solutions available to Akron residents who have massive consumer debt. There are options that might fit your specific debt situation better than others. Here are the most common debt consolidation strategies.
You may be a good candidate for debt consolidation is you have more than $10,000 in debt. Debt consolidation is getting a consolidation loan to cover your debts. The positive is that you pay one monthly payment to a debt consolidation company or bank instead of multiple bills every month. However, your overall interest rate might not be any lower.
If you don’t have massive debt, then debt counseling could be right for you. A debt counselor may help you find a way to pay down debt by yourself. However, be aware that debt counselors also often lead you to other debt services – be sure to do your research.
If you have a lot of debt, debt relief could be your best solution. In a debt relief program, you work with a company to reduce the debt you owe by negotiating with creditors directly. Find out more about how a debt relief program works.
Akron residents can also look into other debt strategies like minimum payment plans and bankruptcy, though both options have massive downsides. Sticking with minimum payments will most likely lead to you paying more over time thanks to compounding interest. Bankruptcy is typically viewed as a last resort, especially since it may have a negative effect on your credit score.
That’s why it’s important to call 800-910-0065 today for a free debt evaluation of all your options.
Request a free debt evaluation to find out how we could help you:
- Resolve your debt faster
- Significantly reduce what you owe
- Make one low monthly program payment
Debt Consolidation in Akron
Akron was also known as the “City of Invention.” In the 1800s, a local journalist began the modern toy industry by founding the Akron Toy Company. Popular inventions include rubber balloons, ducks, dolls, and balls. There’s even a baseball team called the RubberDucks.
While the rubber industry workforce decreased by half at the beginning of this century, Akron’s polymer research in has gained an international reputation. Of the 400 polymer-related companies, in the area known as “Polymer Valley,” 94 are located in Akron.
Whether you’re employed by the tire or polymer industry or by the area’s other big employer—the Summa Healthcare system, it’s hard to feel carefree about your prospects if you’re experiencing debt. But the truth is, millions of hard-working people just like you are burdened by massive debt. If this describes your situation, you’re not alone. And a possible solution could be just a phone call away. Find out how you can get started on your way to being debt-free by speaking with a debt specialist today: 800-910-0065