All About Debt Consolidation in Arizona

Here is your debt consolidation guide in Arizona. Most Arizona residents are in debt. The average Arizonan has $5,000 of consumer debt, and the average mortgage is around $150,000! It’s no wonder why people are struggling financially – it can be hard to keep up with payments when you have such a high amount of debt on your plate. But don’t worry: there is help for you out there! A great way to get back on track with paying off debt is by consolidating what you owe into one monthly payment. Read this blog post for tips on how to do just that!

Tip One: Consider Your Debt Type.

If you have a variety of debts, it might be hard to balance paying them off simultaneously without the help of a debt professional that services debt consolidation in AZ. A credit counselor can work with you one-on-one and design an affordable payment plan that will fit into your budget no matter what combination of income that you have.

Tip Two: Try getting a consolidation loan that has a lower interest rate and that can lower your monthly payment.

This ultimately will help lower your monthly payment and free up some monthly cash. The danger here and it is common is that most people just get further into debt with their extra cash and do not use it to pay down their debt consolidation loan.

So, when you are paying off debt consolidation loans and other debts make sure you do not use the money for anything else but eliminating those balances so they will be paid off faster. This means no shopping.

Tip Three: Find ways to get extra income by side hustles.

You can get a second job, freelance or start an online store that sells your product to earn extra cash!

If you are at a place where you you need more help with your debts than a debt consolidation loan than debt settlement or debt relief may be the next thing you would want to look into.

Your best bet is to talk to a debt settlement specialist, like any of the professionals at Alleviate Financial Services.

We have programs available in Arizona that will help you settle your debts—for less than you owe—and you may qualify for them.

Schedule a free consultation today for a risk-free debt assessment. The only thing you have to lose is your debt.