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Debt Consolidation in Oklahoma

American consumers owe in total the incomprehensible sum of $11.38 trillion, a debt that is an amalgamation of mortgages, student loans, credit card, and auto loans. Each of the different states owes different amounts and Oklahoma actually makes the top-ten list of states with the highest consumer or personal debt in the country. According to US consumer debt statistics, a shocking 25% of Americans have more credit card debt than money in their savings account and Oklahoma itself has a similar story.

Frequenting the top-ten list means that the average resident of Oklahoma owes a substantial amount of money via one or a combination of multiple types of debt. For many homeowners the mortgage is the main concern but others can find themselves owing in a whole range of areas including personal loans, auto loans and often student loans as well. The stress and pressure of staying on top of each individual debt and ensuring that payments are made on time each month can quickly and understandably become too overwhelming. Debt consolidation is one option that can help to provide some relief and reduce the overall cost of these monthly payments.

Despite these worrying facts and figures, Oklahoma has over the last few years experienced rapid growth of the economy, making it a potentially prosperous place to reside with an excellent standard of living. The main areas of industry that have and continue to contribute to the growth of local economy include aviation, telecommunications, biotechnology and energy. It is also an important producer of a range of products relating to agriculture as well as natural gas and oil. All of these factors have led to continued growth of the regions gross domestic product as well as personal income. Another advantage of living in the State of Oklahoma is the low tax burden, which is also one of the reasons that it was awarded the title of one of Americas most business friendly states.

Overall, Oklahoma was hit hard by the financial crisis but the growth in the economy is slowly easing the problem. As income increases and rates of unemployment continue to decrease, the issue relating to high levels of personal debt is sure to improve. Debt consolidation can for many be the reprieve that?s needed to help get on top of the situation and begin to work for the future instead of paying off the past.

 

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Debt Consolidation In The News

UseDavid Automates Debt Relief Process for Millions of Americans

SCOTTSDALE, Ariz., March 20, 2019 /PRNewswire/ -- For those carrying credit card debt, David (UseDavid.com) is making it easier than ever to take control of the situation by automating much of its ...

Published:  Wed, 20 Mar 2019 07:14:00 GMT



Dear Dave: Why Is Debt Consolidation Bad

The main reason is that debt consolidation makes you feel like you did something to really change your financial world when you didn't. That's part of the catch. Believe it or not, I hear ...

Published:  Wed, 20 Mar 2019 08:38:00 GMT



Dave Ramsey: Debt consolidation companies just move debt around

I've heard you tell people to avoid debt consolidation companies. Why do you think debt consolidation is such a bad thing The main reason is that debt consolidation makes you feel like you did ...

Published:  Tue, 19 Mar 2019 10:01:00 GMT



eWellness Announces 2019 Convertible Debt Consolidation Strategy

Culver City, CA, March 19, 2019 (GLOBE NEWSWIRE) -- eWellness Healthcare Corporation - (OTCQB:EWLL) - a provider of the state of the art PHZIO platform for the physical therapy ("PT") and telehealth ...

Published:  Tue, 19 Mar 2019 07:00:00 GMT



Student Loan Repayment Relief Is Sound Fiscal Policy

Legislation currently making its way through Congress would enable employers to give tax-free loan assistance to their employees who wish to repay student loans. The Employer Participation in ...

Published:  Tue, 19 Mar 2019 11:24:00 GMT



Bail bondsmen accused of trading debt relief for sexual favors, possessing child porn

COVINGTON - A father-son pair of bail bondsmen in Tangipahoa and St. Tammany Parishes have been arrested in a sex trafficking investigation led by state police and the FBI. According to Louisiana ...

Published:  Fri, 15 Mar 2019 15:37:00 GMT



Canadian Fintech Progressa Surpasses $100 million in Debt Relief

Progressa, a Vancouver-based fintech company that is focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it has surpassed the $100 ...

Published:  Tue, 19 Mar 2019 08:00:00 GMT




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