Debt Consolidation Services Available in MinnesotaAugust 16, 2022
Based on Freedom Debt Relief’s June 2022 Credit Card Utilization Data, the average credit card utilization of people looking for debt relief in Minnesota is 75%. By comparison, per Experian, the average credit card utilization in the US in 2021 was 25%. High credit card utilization, in general, implies a greater likelihood of needing debt relief services. Many Minnesotans have to use credit cards to buy basic household essentials—it’s not an uncommon scenario. And if this is the case for you, you may only be making the minimum payments on your cards each month or you may even be skipping payments altogether some months to take care of other bills.
Minnesota Debt Consolidation Loans
While debt consolidation is a good choice for many Minnesota individuals, it may not the best debt-clearing strategy for you.
Look into debt consolidation if:
You have good-to-great credit
You can avoid going back into debt
You’re in significant debt and it’s growing
You’re paying high interest rates on your cards
Consider other solutions if:
You have bad credit
Your debt-to-income ratio is too high
Your credit score’s too low
You’re unable to change your spending habits
Visit Freedom Debt Relief or call 800-910-0065 for a free debt evaluation to find the smart solution to your debt.
Discover different options in your city: Find Your Solution
Start exploring the various paths to financial freedom by calling Freedom Debt Relief at 800-910-0065 . Our Certified Debt Consultants will:
Ask you questions about your income and expenditures
Evaluate the details of your financial situation
Explain the options available
Recommend the best match for you
The highly trained debt consultants at Freedom Debt Relief will even go so far as to recommend another company if they feel that you would be better served by them!
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 in Minnesota
If you’re concerned about your levels of debt, you’re not alone. Many of your fellow residents are in the same position. In 2017, on average, Minnesota residents held three credit cards with balances of $4,541. While this is nine percent less than the national average, it’s still cause for concern if you’d rather be saving money instead of amassing debt.
In the Gopher State, creditors have 6 years to sue consumers who are unable to pay their debts. After that time, the debt does not need to be paid back, but they may still try to get some of the money owed. Rather than trying to avoid your creditors and collection agencies (think phone calls and letters), which can add worry to an already fraught situation, take charge of your financial destiny now.
If you’d prefer your finances to be in the black as opposed to the red, start looking into debt resolution today. Whether it’s debt consolidation or another method, you’ll gain peace of mind by knowing you’re headed in the right direction. All you have to do is make that first call. Contact Freedom Debt Relief now at 800-910-0065 for a free debt consultation.