Tourism plays a big part in the economy of South Dakota. The state’s attractions such as historic Deadwood, Mount Rushmore, and the nearby parks are a big draw bringing record numbers of visitors each year.
According to a new study by Tourism Economics, visitors spent $3.8 billion in the Mount Rushmore State in 2016. This money supported more than 53,000 jobs and generated $279 million in tax revenue. This tourism revenue saves each South Dakota household $821 per year. However, the per capita personal income was $28,585 in 2106, which places the state at 25th out of 50 states. And 12.5 percent of the population lives below the poverty line.
So there is money in the state, given the contribution of tourism dollars and other big industries. But still many South Dakotans are dealing with mounting debt due to not having enough to cover all their expenses each month. And even if you are able to cover the essentials like rent, groceries and utilities, any unexpected expense or financial emergency will probably have you reaching for your credit cards. One potential way out of this predicament is debt consolidation.
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 Consolidation Loans
A debt consolidation loan can be a great option for many consumers because it streamlines your monthly payments into one easy-to-manage one. In addition, your total monthly payment will be reduced and you’ll pay less interest.
Debt Consolidation Loans with Good Credit
If you owe more than $10,000 and you have good credit, a good credit history, and a regular income, you should be able to qualify for a consolidation loan with favorable terms and interest.
Debt Consolidation Loans with Bad Credit
Even if your credit is bad, you may still be able to obtain a consolidation loan. However, you have to make sure that the terms make sense for you. The interest is going to be higher given your financial history. Before you commit to something that’s not the right choice, get in touch with Freedom Debt Relief. Call 800-910-0065 for a free debt evaluation. If a debt consolidation loan doesn’t make sense, our Certified Debt Consultants can outline other ways for you to get back on track financially.
Debt in America
If you’re concerned about your debt levels, you’re not the only one. Many of your fellow Americans are in the same position. Take a look at the following statistics on US debt.
- $5,700—average household debt
- $9,333—average credit card balance
- $3.9 trillion—total outstanding consumer debt
Start looking into solutions for your situation today—whether it’s debt consolidation or another debt-clearing method, you’ll gain peace of mind by knowing you’re headed in the right direction financially. It begins by simply making a call. Contact Freedom Debt Relief now at 800-910-0065 for a free debt consultation.