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Debt Consolidation in California

California is the most populated State in our country and their residents know access to beautiful, sunny weather and ocean views equate to a much higher cost of living. As such, Californian's are all too familiar with huge mortgage payments and real estate taxes that, for many, have created a reliance on credit card usage and a growing debt balance. The average homeowner in California owes more than $300,000 on their home and struggles to ever pay down any of their debt. Debt consolidation is one way for consumers to improve their financial picture.

California, also called the Golden State, has the largest economy in the U.S and it's even greater than most countries entire gross domestic product. Manufacturing, vineyards, among other agricultural productions, entertainment and tourism generate trillions of dollars each year. However, Californians were not immune to the recent downturn in the U.S. economy.

This State's unemployment rate ranks among the fifth highest in the U.S. Many dual income families have, unfortunately, become single income families in the last several years. For those that have managed to return to the work place their paycheck is likely lower than before, making it harder for individuals and families to turnaround their financial outlook. Saving for retirement and college have taken a back seat for many residents that are living paycheck to paycheck.

Debt consolidation offers one avenue for Californians to reduce their monthly payments, pay off debt and start concentrating on the future. Debt consolidation can also remove a tremendous amount of stress- eliminating the burden of managing too many financial obligations.

 

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Debt Consolidation In The News

Delayed Obama-Era Rule on Student Debt Relief Is to Take Effect

A long-delayed federal rule intended to protect student loan borrowers who were defrauded by their schools went into effect on Tuesday, after a judge rejected an industry challenge and the Education D...

Published:  Tue, 16 Oct 2018 15:25:00 GMT



Judge unblocks Obama rule on student debt relief after delays by DeVos

An Obama-era rule designed to help students cheated by for-profit colleges get relief on their education debt finally took effect Tuesday after efforts by the Trump administration to block it. A feder...

Published:  Wed, 17 Oct 2018 13:48:00 GMT



Debt-saddled consumers would give up social media, pets for financial relief

Consumer credit card debt hit a record high of $1 trillion in early 2018 (per Wallet Debt), and on the rise, too, is Americans' struggle to climb their way out. Financial stress is affecting not only ...

Published:  Wed, 17 Oct 2018 16:27:00 GMT



Business Debt: When Debt Consolidation and Debt Relief Make Sense

Small businesses take on a lot of debt, and it's not uncommon for this debt to lead to business failure. Every business takes on debt at some point, and even the world's largest entities, such as Amaz...

Published:  Thu, 06 Sep 2018 02:38:00 GMT



Zimbabwe's Options for Sovereign Debt Relief

A critical first step towards the promised economic awakening of Zimbabwe will be comprehensive debt relief. President Mnangagwa and his new government will need urgently to complete the technical ana...

Published:  Sat, 01 Sep 2018 01:31:00 GMT



New Service Offers Debt Relief to Reduce Financial Strain

Consumer debt in the United States continues to skyrocket for many families. The financial crisis in 2009 has left many Americans with the burden of high-interest debt. If you're one of the hundreds o...

Published:  Sat, 11 Aug 2018 12:29:00 GMT



More student borrowers may be eligible to cancel federal student loans than have applied for relief

The large number of California students who attended for-profit colleges at the time of their closure suggests many more may be eligible for student loan debt relief than have applied under the federa...

Published:  Thu, 19 Jul 2018 21:14:00 GMT



Betsy DeVos proposes rules that would cut student loan relief by an estimated $13 billion

Students who are defrauded by their schools would have a harder time getting their federal loans erased under new rules proposed by the Trump administration Wednesday. The proposal, which aims to repl...

Published:  Wed, 25 Jul 2018 13:28:00 GMT



Education Secretary Betsy DeVos proposes to curtail debt relief for defrauded students

WASHINGTON )) Education Secretary Betsy DeVos proposed today to curtail Obama administration loan forgiveness rules for students defrauded by for-profit colleges, requiring that student borrowers show ...

Published:  Wed, 25 Jul 2018 19:15:00 GMT




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