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Debt Consolidation in South Dakota

The recession may feel as though it was a fair time ago and while for some the worse part is indeed over, the truth remains that many Americans are still trying to pull themselves out of the debt that built up during the downturn. Figures concerning rates of personal debt in South Dakota are actually slightly favourable at $51,120 to those of the national average, which are $2,000-$3,000 higher.

While the figure may be less than other states, it is still a significant sum and finding available money to pay off the debt when continuing to support the family can be extremely tough. Debt consolidation is a viable solution for many however, and particularly those individuals and households that have racked up several different types of debt from an array of different lenders.

South Dakota has one of the nations smallest GDP outputs at around $38.9 billion but in the years following the recession the rate of unemployment managed to stay fairly low at roughly 4.5%. Since 2008 the economy has slowly been improving and personal debt has been gradually decreasing over the last few years. The total population of South Dakota is small at just 850,000, which is surprising given that the state frequently makes top ten lists for overall quality of life.

Just some of the perks of living in South Dakota include the low rates of crime, easy access to excellent health care and the pleasant climate. The cost of living in general is also cheaper than the national average by an impressive 11%. Clearing built up debt using methods such as debt consolidation can make it possible for residents to enjoy more of their hard earned cash as well as the many benefits of living in the beautiful region.


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Debt Consolidation In The News

Closed-End Funds Seeing Consolidation

"We welcome inquiries from other closed-end funds whose shareholders may be attracted to an emerging markets equity income strategy about joining the consolidation," according ... Municipal debt CEFs ...

Published:  Fri, 16 Nov 2018 23:00:00 GMT

Watching Your Wallet: Company offering to help lower student debt under investigation

When she got a phone call from a company called Student Advocates, telling her she may qualify for student loan debt relief, she jumped at the chance. "They told me they wanted to see if I qualify for ...

Published:  Fri, 16 Nov 2018 12:52:00 GMT

Common Debt Consolidation Terms

We've previously provided concise definitions for various terms related to debt resolution. We also discussed the basic purpose and mechanics of debt consolidation in the earlier post. In this post we ...

Published:  Thu, 18 Oct 2018 08:00:00 GMT

Trump Loses To Obama With Student Debt Relief Ruling On For-Profit Colleges

The for-profit college industry will further challenge an Obama-era rule granting student debt relief despite the mandate going into effect this week. Trump's Department of Education, criticized for s...

Published:  Fri, 19 Oct 2018 04:32:00 GMT

A Plan for Debt Relief

As difficult as it may be to believe, there was a time when Republicans were known as the anti-debt and balanced budget party. Now, the GOP prefers to tout low unemployment as the debt soars and they ...

Published:  Mon, 22 Oct 2018 21:06:00 GMT

Make Debt 'Relief' Your Last Resort

Should you trust a debt relief company That's what we're looking at this week. Each Monday we're tackling one of your pressing personal finance questions by asking a handful of money experts for thei...

Published:  Mon, 08 Oct 2018 12:01:00 GMT

Tips to making your debt consolidation strategy effective

Is debt consolidation the best plan for you to pay off a debt Debt consolidation refers to getting a loan to pay off all your other loans. By doing this, you are effectively bringing all your debts i...

Published:  Thu, 13 Sep 2018 05:19:00 GMT

Will A Debt Consolidation Loan Save You Money

If you have a lot of unsecured debt such as student loans or credit cards, debt repayment can take up a significant chunk of your monthly budget. In Canada, debt repayments occupy such a large chunk o...

Published:  Wed, 05 Sep 2018 16:05:00 GMT

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