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Debt Consol can be Short for Debt Consolidation

Debt Consol can be Short for Debt Consolidation

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$25,000
$1,000$100,000+
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Or speak to a debt consultant  844-731-0836

Daniel Cohen
UpdatedJul 17, 2024
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    1 min read

Debt Consol can be Short for Debt Consolidation

Were not able to find what you were looking for when you searched for debt consolidation? Sometime people search for the abbreviation debt consol to see if they can get better results. Sometimes you are in such a hurry that you hit enter and search for debt consol before you were able to complete your thought. Debt consol may be a shorter version of consolidation, but that does not mean that you need less information regarding options for your finances.

You have found the best information on debt consolidation.

Find out more about consolidating your debt and other options at Bills.com. With guides and articles on financial solutions, we have all the information that you will need to make good decisions. Visit our Debt Consolidation Savings Center to find out more about the services available to you.

Learn About Consolidating your Debt Today

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Bills.com brings you the information relevant to your finances and can help you find lenders to consolidate.

Get rid of your debt faster with debt relief

Get rid of your debt faster with debt relief

Take the first step towards a debt-free life with personalized debt reduction strategies.

Choose your debt amount

$25,000
$1,000$100,000+
Get started now

Or speak to a debt consultant  844-731-0836

Did you know?

Debt is used to buy a home, pay for bills, buy a car, or pay for a college education. According to the NY Federal Reserve total household debt as of Q1 2024 was $17.69 trillion. Auto loan debt was $1.62 trillion and credit card was $1.12 trillion.

A significant percentage of people in the US are struggling with monthly payments and about 26% of households in the United States have debt in collections. According to data gathered by Urban.org from a sample of credit reports, the median debt in collections is $1,739. Credit card debt is prevalent and 3% have delinquent or derogatory card debt. The median debt in collections is $422.

The amount of debt and debt in collections vary by state. For example, in New Jersey, 22% have any kind of debt in collections and the median debt in collections is $1273. Medical debt is common and 11% have that in collections. The median medical debt in collections is $472.

Avoiding collections isn’t always possible. A sudden loss of employment, death in the family, or sickness can lead to financial hardship. Fortunately, there are many ways to deal with debt including an aggressive payment plan, debt consolidation loan, or a negotiated settlement.

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