Feeling a little overwhelmed or concerned by debt? You’re not alone. In total, American consumers owe nearly $11.13 trillion in debt, with numbers continuing rise. According to a recent CBS news report, American debt rises by $75 million dollars each hour alone, and increased 6.2% between 2012 and 2013. The average American household debt amounts to $117,951 in total. Though getting out of debt may seem like a daunting task, there are several debt management companies and debt relief services that will help you move forward and achieve your financial goals.
No matter how bad you think your situation may be, consider seeking some form of debt help or debt counseling. Whether you have medical debt, credit card debt, or student loan debt, rest assured there are debt relief services that can be customized to suite your specific financial needs. Getting help with debt goes far beyond simply repaying past dues. Debt relief services also include financial planning advice, which will give you the tools and resources you need in order to make more informed financial decisions in the future. For example, many college graduates are burdened with expensive student loan payments after graduating. With few available jobs, this can be devastating to a new college graduate. The average college graduate in the United States owes over $31,000 in student loan debt alone. It may be worth while to to seek debt relief services from a reputable debt relief agency while still enrolled in college, as many offer financial advice for college students so they are better prepared to manage their debt upon graduation.
Though being in debt can be frustrating at times, keep in mind their are several options and solutions that can help you get out of debt and plan for the future. Remember, just as there was a way of getting into debt, there is also a way out. Read more here.