![]() However, if your credit score is low, you could be hit hard with steep interest rates and this could be an unappealing option over the long haul. ![]() Keep in mind, though, that you’ll still have the consolidation loan to pay off. ![]() That good credit score allows you to receive a loan to pay off your credit card debt with lower monthly payments and lower interest rates. D ebt consolidation loans – This is an option for those with a very good credit score.However, this is a risky option that will do damage to your credit score. With a debt settlement plan, a company will agree to accept a payment that is less than what is owed on your debt. Debt settlement – This plan can provide support for people who are battling to reach minimum monthly payments, those who have fallen behind on their bills, or those who have been forced to use credit cards or loans to take care of personal or business expenses.If debt management doesn’t solve your problem, InCharge’s credit counselors will discuss other options, including: Applicants can apply online or over the phone. InCharge administers the program, taking your payment each month and distributing it in agreed upon amounts each month to your creditors. Debt Relief Options for Arizona Residentsįor those who fall into the debt trap, InCharge Debt Solutions is a nonprofit debt counseling services that provides assistance in Arizona.Įven a bad credit score won’t disqualify you from a debt management program that works with creditors to consolidate your debt, reduce the interest rate on your credit cards and create a monthly payment plan that you can afford. ![]() The average debt for Arizona’s 3.8 million adults in 2019 was $54,290, according to the New York Federal Reserve. That, of course, can be a formula for debt. ![]() While it’s cost of living is close to the national average, Arizona has the nation’s eighth highest poverty rate and eighth lowest personal income. For all its natural attractions and ambiance, the Grand Canyon State has its economic challenges. Most of them came from California (62,086) with Washington (15,313) and Texas (15,251) next.īut moving somewhere and thriving there can be two different stories. Just over 260,000 people a year moved to Arizona in the five-year period from 2014-2018, according to the U.S. If you live in Arizona, you can’t help but notice the home construction you live in the sixth fastest-growing state in America. Arizona Credit & Debt Consolidation Information ![]()
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