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Debt Consolidation Load Might Not Be What You Were Looking For.

Debt Consolidation Load Might Not Be What You Were Looking For.

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Justine Parkhurst
UpdatedJun 20, 2024
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    1 min read

Debt Consolidation Load Might Not Be What You Were Looking For.

When you are typing quickly, you never know what you will end up searching. More likely than not you were searching for debt consolidation loan when you typed in debt consolidation load. The point is that you need clear, reliable information about managing your finances, either way.

Debt consolidation load might not be what you intended to type, but it will get you to the right place.

At Bills.com, we want to take the mystery out of debt consolidation. With the information we give you, you can decide whether debt consolidation is right for you. We also have lots of articles on other forms of financial management and offer guidance and services to make getting your debt in order easier than ever before. It is simple to use our Debt Consolidation Savings Center to check out the services at your fingertips.

Debt Consolidation Can be an Option Today

Learn all you can about:

Debt consolidation is only one of the many options available to you at Bills.com. Whatever the best choice is for your finances, Bills.com helps you find the lenders and services that can get your debt under control.

Struggling with debt?

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 Arizona, 27% have any kind of debt in collections and the median debt in collections is $1903. Medical debt is common and 12% have that in collections. The median medical debt in collections is $719.

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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