While Missouri has its share of major industries and products—aerospace, financial services, food processing, chemicals, and beer to name just a few—it’s probably better known for agriculture. The Show Me State is home to more than 100,000 farms, the second-largest number in any state. These farms grow many of the state’s top agricultural commodities including beef, soybeans, pork, dairy products, hay, corn, poultry, sorghum, cotton, rice, and eggs. In addition, Missouri can also boast a fast-growing wine industry.
According to the Missouri Partnership, the state’s agriculture industry contributes $33 billion in Gross Domestic Product (GDP) to Missouri’s economy. The industry also creates more than 378,000 jobs. These agricultural jobs are part of the reason the state’s unemployment rate is only 3.6 percent, which is just under the national average of 3.8 percent.
Missouri Residents and Debt
In spite of the promising figures around Missouri’s economy, a great many of its residents find themselves with severe debt. If you belong to this group, take heart. A debt consolidation loan could reverse your situation. It all depends on how much debt you have, the type of debt it is, and the length of time in which you’d like to clear it.
If you have more than $10,000 in debt, are looking for one simple monthly payment, and are comfortable with a longer pay-back period, debt consolidation might be the answer for you.
Visit Freedom Debt Relief or call 800-910-0065 for a free debt evaluation to discover the best choice 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
Credit Card Debt in Missouri
Missourians tend to use their credit cards less than people in some other states, but many individuals still depend on them to bridge the gap between income and expenses.
Check out some of the state’s debt statistics:
- Average credit card debt is $4,796
- Average debt amount is three percent less than the national average
- Ranks 30th in the nation in credit card debt
- Ranks 25th in nation for delinquency (More than 90 days late on payments)
- Statute of Limitations on debt is five years
Don’t wait any longer. Avoid the statistics, don’t become another number. Look for the smart debt solution for you today, including debt consolidation. Debt relief programs are currently available to Missouri residents. Speak with a Freedom Debt Relief Certified Debt Consultant to learn which program is best for your situation. Start your journey toward financial freedom today. Call 800-910-0065 now for a free debt consultation.