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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

One loan vs many: Is debt consolidation the answer

PETALING JAYA: For those who are left with only meagre funds in their bank accounts after paying their personal loans every month, debt consolidation can sound like a very attractive prospect. Debt co...

Published:  Sat, 23 Jun 2018 05:00:00 GMT



IMF: Greek economy improved, but may need more debt relief

ATHENS, Greece (AP) - Greece has significantly improved its economy as it heads toward the end of its bailout program in August, but its debt will remain difficult to manage in the long term, the Inte...

Published:  Fri, 29 Jun 2018 12:41:00 GMT



How Greece's PM celebrated European debt relief package

Greece's Prime Minister has welcomed the decision by eurozone creditors to offer debt relief - and marked the occasion by wearing a tie. Alexis Tsipras often joked that he would start wearing a tie on...

Published:  Fri, 22 Jun 2018 15:48:00 GMT



Nearly 35,000 former Corinthian College students in California will see debt relief

Almost 35,000 former Corinthian College students in California will have the remainder of their private loan balances forgiven and some may receive payment refunds after an investigation by the state ...

Published:  Fri, 15 Jun 2018 03:30:00 GMT



Best Debt Relief Companies In Baltimore Named By Best Debt Settlement Companies

Best Debt Settlement Companies recently reviewed and launched the list of top three debt relief companies that can help Baltimore residents get out of their mounting credit card debts. New York, Unite...

Published:  Tue, 05 Jun 2018 01:14:00 GMT



Student loan debt relief company barred from Mass. operations

BOSTON - United Advisors Group LLC, branded as a student-loan debt relief company, has agreed to stop operating in Massachusetts after allegations that it charged unlawful upfront fees and misled cust...

Published:  Tue, 12 Jun 2018 12:15:00 GMT



Best Debt Relief Companies In Baltimore Named By Best Debt Settlement Companies

Best Debt Settlement Companies recently reviewed and launched the list of top three debt relief companies that can help Baltimore residents get out of their mounting credit card debts. Baltimore, MD - ...

Published:  Tue, 05 Jun 2018 01:14:00 GMT




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