According to Wikipedia, If Pennsylvania were an independent country, its economy would rank as the 19th largest in the world. And the state’s 2016 gross state product of $719.8 billion ranks it at sixth in the country. Pennsylvania is home to 50 Fortune 500 companies in spite of the fact that much of the state is rural. In fact, the Keystone State places eighth in the nation for winemaking, and 19th overall for agricultural production. The food manufacturing industry employs 66,800 residents.
With an economic ranking of 19th, you might assume that every Pennsylvanian is living high off the hog, with money in the bank. But, of course, that’s not the case for everyone. Many residents have ended up amassing significant debt from credit cards, student loans, and medical bills to name a few.
Get in touch with Freedom Debt Relief now. Call 800-910-0065 for a free, no-obligation debt consultation.
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 Relief Programs
The good news is there are ways to combat your debt. There are systematic solutions available that can offer you relief from the stress and strain of carrying a debt burden that’s weighing you down. Often, when you owe a lot of money, it can be hard to stay positive. Especially when you’re only able to make minimum payments each month, which means you’re not making much of a dent in the principal. This type of situation calls for an action plan, so start considering the options.
One program that’s been used by folks in Pennsylvania and all over the United States is Debt Consolidation. This service gives you a loan that lets you combine all your debts into one manageable payment to the lending company. If you have over $10,000 in debt, this could be a good choice for you.
As long as you can check all the other boxes that go along with that: you’ll need good credit, a good credit report, and reliable income with which to pay back the loan. You’ll also need to be prepared to change your habits around money for this method to be successful. If you keep charging your cards, you’ll simply end up with the consolidation loan to pay back as well as the original debt.
If you qualify for a secure loan, you’ll save money by paying less on interest, which can help the situation a great deal. The downside of a secure loan is you need to offer a high collateral item like your home or car to guarantee the loan. And that can be a risky proposition for many consumers.
If you get an unsecure loan, the interest rate will probably be higher because the lender is taking on more risk. If you can’t get a reasonable interest rate, you might want to look into another solutions. Call Freedom Debt Relief at 800-910-0065 for a free debt evaluation to get help choosing the best solution for you.
Debt Collecting in Pennsylvania
All states have “Statutes of Limitation” that prevent creditors from collecting on debts after a specific period has elapsed. The statute of limitations in Pennsylvania is only four years. Some states have much longer periods. Waiting for four years till the statute expires is one way to deal with your debt. But perhaps not the most proactive way. In addition to debt consolidation and waiting for the statute to expire, there are other methods that may suit you better.
To get help from the experts:
- Call Freedom Debt Relief at 800-910-0065 and speak with one of our Certified Debt Consultants
- Get help choosing a debt-resolution strategy
- Start down the road to financial freedom
Don’t wait any longer. Find the answer to your debt situation today. Get in touch with Freedom Debt Relief or call 800-910-0065 now for a free debt consultation.