While the capital of Nevada is Carson City, almost 75% of the state’s 3.6 million residents live in Clark County, which includes the Las Vegas-Paradise metropolitan area. This makes sense since tourism, specifically gambling- and entertainment-related is a major contributor to the Silver State’s economy. Less glamorous but also big contributors to the economy are mining, machinery, printing and publishing, food processing, and electrical equipment production.
In 2017 Nevada had a Per Capita Personal Income (PCPI) of $44,626 according to the Bureau of Economic Analysis. This PCPI ranked 32nd in the country and was 89% of the national average, $50,392. And while the 2017 PCPI did reflect an increase of 2.4% from the previous year, it’s still below the national average.
This means that certain Nevada residents—whether they work in the casinos and nightclubs of Vegas or one of the other primary industries—make less than many residents of other states. As a result, these Nevadans are dealing with debt from credit cards and other sources.
Nevada Debt Solutions
The good news is that there are several debt solutions available to Nevada residents. Debt consolidation loans, debt management plans, and debt settlement are a few of the possibilities. However, there’s a lot of confusing information out there and a lot of disreputable companies. It’s important that you learn the details of each type of debt solution, so you can figure out which is best for you. The key to your success lies in using the right strategy and the right lender for your unique financial situation.
Call Freedom Debt Relief at
to speak with one of our Certified Debt Consultants. They’ll give you a hassle-free evaluation after asking you some basic questions. In fact, if our specialists feel you
would be better served with a debt solution from another company, they’ll even suggest that!
When Debt Consolidation Is Not the Answer
If your debt is too high or your credit score too low, most lenders will be reluctant to take a chance on you in case you default on the loan. And if they do offer to lend to you, the interest rate and fees charged will be so high that it will just make your situation worse.
Moreover, if your debt was caused by a life-changing event like getting divorced or losing your job, you run the risk of getting stuck in a new cycle of debt since you won’t be attacking the problem at the root. The best way to figure out if debt consolidation is the answer to your problem is to get in touch with Freedom Debt Relief. Call 800-910-0065 today and get started on the path to financial freedom.
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
You Are Not Alone
People all over Nevada and indeed all over the US struggle with debt. The Silver State ranks 19th in the country, so not as bad as some states, but admittedly that’s little comfort if you have this problem. Check out these statistics:
- The average consumer has four credit cards.
- The average Nevada household has $7,317 of debt.
- The average US household has $6,500 of debt.
- Approximately 2.5 million Americans seek debt relief services each year.
Take charge of your tomorrow today. Explore viable solutions to your debt burden. Start your next chapter now by speaking with a Certified Debt Consultant from Freedom Debt Relief. Or call 800-910-0065 now for a free debt consultation.