Gainesville is listed at position 67 in Forbes best places for business and careers. It is also the home of the University of Florida. The University boosts the local economy significantly in a couple of ways: From the revenue from UF sporting events and Southeastern conference football games. The University is also the city’s top employer
UF contributes nearly $9 billion annually to Florida’s economy and is responsible for more than 100,000 jobs. Other top employers in the area include Gainesville VA Medical Center, the Alachua School Board, City of Gainesville, and Gator Dining Services.
Further contributing to the economy, two large art festivals, the Spring Arts Festival and Downtown Festival and Art Show attract many visitors.Gainesville economic statistics:
- Annual Job Growth—1.5 percent
- Unemployment—3.4 percent
- Median Household Income—$46,386
- Household Income Growth—3.1 percent
- Median Home Price—$224,000
Despite a robust economy and low unemployment, some consumers in Gainesville find that their personal finances are more in the red than the black.
If you find yourself in this situation, and are keen to improve it, help is available. There are several good solutions that could get you debt free in a few years. However, figuring out which method is the best fit for your situation can be difficult. Call Freedom Debt Relief at 800-910-0065 and speak with one of our Certified Debt Consultants to get help evaluating the options. They’ll even recommend another company if they think it would suit you better!
A loan can help you consolidate debt, lower your interest rates, and pay down debt faster. For this method you need to have good or excellent credit to qualify for a low interest rate. For this strategy to make sense, consumers should have over $10,000 in debt, good credit and a regular income with which to repay the loan.
Do It Yourself
From debt payoff apps to balance transfer cards, there are many ways to repay debt on your own. But usually, this method boils down to sticking to a tight budget and paying extra on your accounts until you’re out of debt. So, if you’re good at budgeting, have extra income to spare, and can avoid taking on new debt, DIY could work for you.
Companies like Freedom Debt Relief negotiate with your creditors on your behalf to reduce the overall amount you owe. Depending on the settlements negotiated, you could end up paying less than what you currently owe a creditor to be free of the debt. This option is great for people who are struggling with high debt and have less than excellent credit.
If you own a home, you can refinance your mortgage and use the extra cash to pay off current balances and get lower interest rates. The danger with this method is that if you can’t make your monthly payments, you could lose your home.
A credit counselor can review your finances, create a debt management plan for you, and they might even be able to set a lower rate with your creditors. By choosing this approach, your credit card accounts will be closed but your principle debt will stay the same
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 Gainesville
Consumers in Gainesville and all over the state struggle with not having enough money to pay bills and have to deal with debt every day:
- 12.5 percent of the population lives below the poverty line
- $7,310 average credit card balance
- 0.57 percent of consumers are delinquent on credit card payments
Call Freedom Debt Relief at 800-910-0065 and speak with one of our Certified Debt Consultants to get a handle on all the options that could work for you. Make today the first day of your new, healthier financial life!