Best Debt Consolidation in Arizona in 2019

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Debt Consolidation in Arizona

According to figures released by the Urban Institute, 38.7 percent of the average consumer debt of $55,831 currently is in collections in Arizona. The majority of debt in the state comes from mortgages, with 70.8 percent of Arizonans struggling to make timely payments on their homes. With an average household income of $65,788, consumers who are in debt face a daunting task when it comes to getting themselves out of it.

Some consumers who are up to their eyeballs in debt will consider bankruptcy as a means to alleviate the financial pressure. While bankruptcy is certainly an option, it has a lasting effect on a consumer's credit rating and should not be entered into lightly.

Consumers also have the option of working with a reputable credit counseling agency to consolidate their debt. Consumers who qualify for debt consolidation are able to combine their separate debt into one monthly payment that fits within their budget. Creditors are required to work with consumers who are eligible for debt consolidation. As part of a debt consolidation agreement, consumers may be required to agree not to apply for any new credit until their existing debt is settled. Consumers also may be required to undergo credit counseling.

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Debt Consolidation In The News

Warren calls for massive student debt relief and free public college tuition

Senator Elizabeth Warren unveiled a sweeping plan Monday to forgive massive amounts of student loan debt for middle-class Americans as she tries to appeal to the young voters expected to play a major ...

Published:  Mon, 22 Apr 2019 05:15:00 GMT

Warren's Student Loan Relief Would Lift Black, Latino Borrowers

(Bloomberg) -- Democratic presidential candidate Elizabeth Warren's new student-loan forgiveness plan includes specific policies that would help black and Latino students, two groups that tend ...

Published:  Mon, 22 Apr 2019 09:41:00 GMT

Elizabeth Warren: My Student Loan Debt Relief Plan "Goes Further" Than Bernie Sanders'

In an interview with CNN's MJ Lee, Sen. Elizabeth Warren discusses her plan to offer student loan debt relief and lower the cost of college. MJ LEE, CNN: Senator Elizabeth Warren out with a sweeping ...

Published:  Mon, 22 Apr 2019 09:30:00 GMT

Warren's student loan debt cancellation plan aims to help the most vulnerable

Elizabeth Warren (D-MA) announced Monday a new plan to provide complete student loan debt relief to some 42 million Americans. Her proposal is also specifically geared toward supporting the most ...

Published:  Mon, 22 Apr 2019 09:30:00 GMT

Elizabeth Warren: It's time to end the "failed experiment' that caused the student debt crisis and cancel borrowers' debt

As part of her campaign for the Democratic nomination for president, Sen. Elizabeth Warren, of Massachusetts, released a proposal that would provide significant student loan relief for a large share ...

Published:  Mon, 22 Apr 2019 09:04:00 GMT

Liz Weston: How debt "solutions' could dig you in deeper

Americans are slipping ever deeper into hock. To cope, many people turn to debt consolidation loans, cash-out mortgage refinancing and retirement plan loans that promise relief but could leave ...

Published:  Mon, 22 Apr 2019 09:19:00 GMT

Sen. Elizabeth Warren Proposes Student-Debt Cancellation

The proposal, which the Democratic presidential candidate would pay for by increasing taxes on high-wealth households, steers the bulk of debt relief toward people whom Ms. Warren views as least ...

Published:  Mon, 22 Apr 2019 08:03:00 GMT

Elizabeth Warren proposes canceling student loan debt, free public college

Pete Buttigieg, mayor of South Bend, Ind., has objected to broad student-debt cancellation, preferring more-targeted debt relief. Warren said the cost of the program would be covered by some of the $2 ...

Published:  Mon, 22 Apr 2019 07:56:00 GMT

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