According to Smart Asset, Ohio’s capital takes the top spot as the best city to work in tech. Over four percent of all employed persons have tech-related jobs and those workers are well paid: Columbus ranks in the top 25 for take home salary of over $91,100 a year. Top coastal tech cities like New York and San Francisco may pay their employees even more than that, but the cost of living is so high there that those workers aren’t really coming out ahead, unlike residents of Columbus.
And the technology sector isn’t the only game in town. The city is fortunate to have a diverse array of industry and products contributing to its economy including the education, insurance, banking, defense, food, clothes, steel, energy, medical research, hospitality, and retail sectors
Well-paid jobs and diversified economy aside, many residents of “The biggest small town in America” currently hold a significant amount of debt. It’s easy to get into the habit of using credit cards or loans to help make ends meet or cover unexpected expenses. But, as you know, the problem is—if this is something you’ve had to resort to—that the debt starts to grow unless the balances are paid off in full each month. It can happen to anyone (and it happens to many Columbus residents, regardless of income level.)
Luckily, there are steps you can take to find a solution to your financial problem. You don’t have to continue in a downward spiral toward greater and greater debt. Columbus residents can get help by using one of the effective debt-clearing options available. Call Freedom Debt Relief today at 800-910-0065 and speak with one of our Certified Debt Consultants. Between them, they have years of experience helping consumers reverse negative financial trends. They will assess the details of your particular situation to figure out which option is the right fit for you.
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
Columbus Debt Relief Options
If you’re ready to get your debt under control, there are several options available that could be effective in helping you achieve financial freedom. One popular method is debt consolidation. If your debt is over $10,000, and you can check all the other boxes, you may be eligible for a secure loan.
Secure loans are obtained by putting up high-value collateral like your home or car. The value of the asset is leveraged to get a loan with a reasonable interest rate. Of course, if you end up defaulting on your loan, you run the risk of losing your asset. But as long as you make your payments on time and as agreed in the contract, this won’t be an issue.
Unsecured loans—where you don’t put up any collateral—will have higher interest rates since the lender is taking more of a risk. But even with less favorable terms and higher interest, this may still be a better solution for you.
Call Freedom Debt Relief at 800-910-0065 for a free debt evaluation. Speak with one of our Certified Debt Consultants to learn about all the options and get guidance on which one you should go with.
If you do some research and discover that a debt consolidation loan is not the right fit for you, don’t give up. There are other strategies employed successfully by millions of Americans daily. You can look into debt settlement, credit counseling, debt management programs, and even bankruptcy if your situation is severe enough to warrant that.
Or you could simply try to do it yourself. If you stop using your credit cards and pay down the balances as quickly as you can given your income and other expenditures, it might make sense. This strategy does work for some, but you need to be disciplined and systematic in your approach. You also need to understand that you could end up paying more in compound interest over the duration, but if you’re comfortable with that and prefer taking longer to pay down your debt, this could be an effective choice.
Help is Available
Sometimes there are too many options to choose from and it’s hard to know which direction you should take. You don’t have to do this alone.
To find your way forward, follow these steps:
- Call Freedom Debt Relief at 800-910-0065 . Our Certified Debt Consultants can explain the different options and give you a free evaluation.
- Select a strategy. Our experts will recommend a debt solution to you based on the results of your evaluation.
- Look forward to financial independence. Whether it’s debt consolidation, debt settlement, or debt counseling, the most important part is that you stay the course. Resolving massive debt takes time, patience, and rigor. But you’ll be glad you persevered.