Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may make money from advertisements, or when you contact a company through our platform. Many New Jerseyans wrestle with credit card, payday, medical, student and other debt types. The average New Jerseyan has $7,371 in personal debt, plus […]
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Many North Carolinians wrestle with medical, credit card, student, payday and other debt types. North Carolina ranks below average in unemployment (2.8%) and has a concerning poverty rate of 17.60%. The average North Carolinian has $1,537 in personal debt, plus $162,366 of mortgage debt for homeowners. On average, North Carolina residents carry a credit cardd
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Many New Hampshirites wrestle with student, medical, auto, credit card and other debt types. Though The Granite State has a booming economy with 2.6% GDP growth, and a extremely low unemployment rate of 2.6% (#2 lowest in the US), many New Hampshire residents have been left behind. In fact, 8.90% of residents live in poverty,
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For Oregonians struggling with auto, student, payday, medical or other types of debt, you can rest assured you’re not alone. Despite Oregon having a growing economy with 3.1% GDP growth, and a historically low unemployment rate of 3.3%, 16.70% of residents live in poverty. Many have debt problems. The average Oregonian has $2,943 in personal
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Many South Carolina residents wrestle with credit card, student, medical, auto and other debt types. Even though The Palmetto State has a booming economy with 2.5% GDP growth, and a low unemployment rate of 2.6% (#2 of all states), 18.30% of residents live below the poverty line. Many have debt struggles. The average South Carolinian
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If you’re one of the many Ohioans struggling with credit card, student, payday, auto or other types of loans, you’re not alone. Ohio ranks below average in unemployment (3.5%) and has a concerning poverty rate of 15.90%. The average Ohioan has $2,851 in personal debt, plus $122,765 of mortgage debt for homeowners. On average, Ohio
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Student loan debt in 2020 is now $1.56 trillion in the United States, with borrowers on average owing $37,172 in debt. Graduates of the most recent class of students leave college with $29,200 in student loans. Student loan debt is the second largest class of consumer debt, behind mortgage debt. For millions of Americans, higher
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Since the Diner’s Club card first became available in 1950, Americans have been enamored by the concept of the credit card. Additional creditors like American Express followed suit soon after, kickstarting America’s love affair with credit. While credit cards are convenient and provide consumers with additional purchasing power, it’s easy for your financial situation to
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If you’re dealing with financial struggles that have you considering bankruptcy, it’s common to feel like you’re alone in the world. But hundreds of thousands of Americans file for bankruptcy each year. While many people tend to look at bankruptcy as the result of reckless spending and poor financial management, bankruptcy statistics show that most
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Now more than ever, Americans are drowning in debt. Prior to the Great Recession of 2008, many Americans were struggling to keep their heads above water. When the bubble burst, those with the most debt were left drowning in a sea of financial insolvency. While the country has since recovered financially, the extended COVID-19 pandemic
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