TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Go To Reviews >

Debt Consolidation in Ohio

According to information and statistics provided by debt.org, Ohio's level of personal or consumer debt is actually lower than that of other residents of the United States. This is when looking at the issue as a whole. However, when you begin to break the numbers down it becomes apparent that certain areas of borrowing create bigger debt problems than others for residents of Ohio.

The two types of debt that stand out in the case of Ohio is credit card loans and student debt, as these are the areas in which the average Ohioan tends to build up the most debt. Combining different kinds of debt such as these through a process like debt consolidation can help to reduce the overall amount owed. According to the 'U.S. News and World Reports', Ohio is home to five of the countries top 115 schools, and unfortunately quality education doesn't come cheap. When disregarding mortgage debt, student loans actually move into first place as the largest type of debt on average, with $4,300 being the typical sum owed. This is higher than the national American average for student debt.

Credit card debt is the other big area for concern in Ohio, with many spenders owing an average of $2,800 on their credit cards. One study looking into the ratio of household income versus credit card debt revealed three cities located within the state to be in the national top ten of the guiltiest users of plastic. On the plus side and helping Ohioans come out better than the national average overall, is their lower than standard mortgage debt. With a state norm a massive 35% lower than the national one, homeowners also have a lower rate of late payments.

The typical person in Ohio has 26% less debt than the standard American. While this is a significant difference and leaves the locals with a smaller sum to payback, it certainly doesn't mean that they are completely debt free or have nothing to worry about. In fact debt consolidation remains to be an important and beneficial method for getting on top of debt as quickly as efficiently as possible.

 

Go To Reviews >


Debt Consolidation In The News

Don't Catch Sexually Transmitted Debt!

If you can establish that budget, you have a couple of avenues to accelerate the process. You can consider debt consolidation, where all your debts are consolidated into a single loan and payment stre...

Published:  Sat, 22 Sep 2018 01:26:00 GMT



Flood Relief: Assistance still available to groups, businesses, individuals until Nov. 6

The low-interest and unsecured loans are available to homeowners, renters, nonprofits and businesses. Even low-income individuals who might not otherwise qualify for a loan may be able to utilize them ...

Published:  Fri, 21 Sep 2018 22:41:00 GMT



Full loan relief rare for students at for-profit colleges

WASHINGTON (AP) - The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminar...

Published:  Sat, 08 Sep 2018 13:10:00 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:  Fri, 31 Aug 2018 23:30:00 GMT



Reviews on Debt Relief programs from DebtReviews.com

America's leading online debt reviews provider, DebtReviews.com, helps students, companies, and individuals choose the most suitable debt relief company with 100% unbiased and free reviews DebtReviews ...

Published:  Thu, 06 Sep 2018 22:35:00 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




- View Full Site -