Debt Consolidation: Murfreesboro Residents Have Options Available

Nashville gets a lot of attention as “Music City, U.S.A.” and the state capitol of Tennessee. But less than an hour southeast of this iconic city, you’ll find Murfreesboro—a city that’s routinely named one of the most livable cities in the state. In fact, Money recently named this city with a “vibrant downtown hub” and “charming public square” the 19th best place to live.

Murfreesboro has a rich history, including serving as the site of one of the deadliest battles of the Civil War in 1862. It also had a stint as the state capitol from 1819 to 1826. “The Boro” has been home to Middle Tennessee State University since 1911, meaning more than 20,000 undergraduate students call it home for at least part of the year.

Residents of Murfreesboro can certainly attest to its unique appeal. But, as with any city, there are certain challenges to consider, too. While job growth is projected for the area, residents still have to deal with a higher-than-average sales tax (nearly 10 percent) and a lower-than-average average income per capita.

If you’re finding it difficult to stretch your dollar in Murfreesboro, you may be one of the many Americans dealing with mounting debt. It’s important to remember there are solutions available that will help you take control of your financial future.

Learn More About Debt Relief Solutions

There are several tried-and-true debt solutions available, even for people with serious debt. The key is coming up with a plan that fits your circumstances. Here are a few options to consider.

Working with a Debt Counselor

Debt counseling is a good option for people who could benefit from getting a professional’s help organizing their finances. While it’s not necessarily heavy-duty enough to tackle massive debt on its own, credit counseling can help you come up with a payment plan and even lower your interest rates. You will pay a fee for this service.

Debt Consolidation for Murfreesboro Residents

Debt consolidation in Murfreesboro, on the other hand, is designed to address high levels of debt spread out across multiple creditors. By taking out a consolidation or personal loan, people can pay off high-interest debts in one go, then focus on repaying the longer-term loan.

credit counseling vs debt settlement

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

The main benefit here is convenience; there will be no more juggling multiple balances. But this strategy is counterproductive if you end up paying more than you would have owed had you not consolidated your debts. The most important thing is to commit to paying off your loan on time and in full—otherwise you’ll be right back where you started, or worse off.

Bankruptcy: A Clean Slate (with Consequences)

If it truly seems like there’s no way out, you may be considering the pros and cons of bankruptcy. There’s a reason this strategy is a last-ditch effort: It will affect your credit score for years to come and may require you to liquidate various assets. You’ll also have to pay a fee to work with an attorney to navigate the process.

Contact a Debt Expert Today

Many people in Murfreesboro, and Americans in general, are burdened by debt. It’s daunting to get started on the journey to debt relief. But you’re not alone, and you have even more options than we mentioned above. For example, Freedom Debt Relief specializes in debt settlement—a program that can help people actually reduce the amount they owe over time.

To find out more about which type of debt relief might be best for you, get free advice from a Certified Debt Consultant today. We’re available 7 days per week at 800-910-0065 .