If you looked at the statistics alone, you’d be forgiven for assuming that Cincinnati and its residents are all doing very nicely. The median household income is $73,868 and the cost of living is eight percent below the national average. The unemployment rate is also below the average at under five percent. In addition, Cincinnati has the fastest growing economy in the Midwest and if you’re in the market to buy a home, the median price is $158,200.
These are all good figures, but if your personal figures are more in the red than the black, it may be time to seek some help. If you find yourself in debt currently, there are options you can consider that could help you change your monetary situation from red back to black. Whether it’s debt settlement, debt counseling or debt consolidation, Cincinnati residents can find help today by calling 800-910-0065 now for your free debt evaluation to find the solution that best fits your circumstances.
Debt Consolidation Options
There’s no one-size-fits-all solution, but there are options that might fit your debt situation better than others. Here’s an overview of what may be available to you in Cincinnati.
Cincinnati residents with more than $10,000 in debt might be good candidates for debt consolidation. You can get a debt consolidation loan from a debt consolidation program or a bank, and use it pay off your current debts. This means that you only have to make 1 monthly payment, which can relieve stress. However, take the interest rate into account – you want to make sure that they are lower than the rate(s) you are currently paying.
If you want some tips on how to reorganize your budget, then debt counseling could be right for you. A debt counselor may help you build a debt management plan that helps you manage your finances, especially if you have a minimal amount of debt. Be aware that debt counselors also often lead you to other services, such as debt consolidation.
If you have a lot of debt, debt resolution, also known as debt settlement or debt relief, could be the right option for you. With debt resolution, you hire a company to resolve your unsecured debt for less. The company negotiates with your creditors on your behalf while you save into a program account you control. When the debt settlement company and your creditor reach an agreement, you can resolve the debt using the funds in your account. The process repeats until your debt has been resolved.
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
There are other options besides debt counseling, resolution and debt consolidation open to Cincinnati residents. That’s why it’s important to call today for a free debt evaluation — find the right solution for you: 800-910-0065
Debt Consolidation in Cincinnati
The Queen City, as it’s fondly called by some Cincinnatians, is home to several Fortune 500 Companies–Procter & Gamble, The Kroger Company, and Macy’s, Inc., to name a few. General Electric’s aviation business and their global operations center is headquartered in this Ohio city also. The largest employer in Cincinnati, the Kroger Company, employs 21,646 locals and the second largest, the University of Cincinnati gives work to another 16,000 folks.
It’s possible you’re fortunate to have a good job at one of the companies mentioned. But that doesn’t rule out the possibility that you’ve also amassed a significant amount of debt. It’s easy to do in this day and age and if you have, you should know that you’re not alone. You should also know that a possible solution could be just a phone call away. Speak with a debt specialist and find out how you can start your journey toward financial freedom.
Debt consolidation may simplify the debt repayment process and make debt resolution less stressful. Most consolidation loans require collateral that you must leverage in order to receive the loan, which can be a double-edged sword. Though it can help you get a lower interest rates because you have to leverage high-value assets like your home, you’re in danger of losing your leveraged asset if you do fall behind or can’t make your payments.
Whether it’s resolution, counseling or debt consolidation, Cincinnati residents have options. Don’t wait any longer. It’s time to take care of your debt and live a life of freedom. Get started right now; call today: 800-910-0065