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Consumer Debt Bulletin & News

American Consumer Debt Worsens as Consumers Heavily Rely on Credit Cards

Debt Consolidation Facts

1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will term you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair Isaac).

2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% - 30%!

3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have atleast 2 credit cards and 14% of them have 10 or more credit cards.

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US Debt Network Assisted - Reviews of Arizona Debt Consolidation Companies

Physical Address:

3150 N 24th St Ste A202
Phoenix, Arizona (AZ)

Year of Establishment: 1990s
Description:

- US Debt Network Assisted is a company that offers unique credit counseling solutions, debt management plans for its clients as well help with mortgage refinancing. Promoting useful programs like debt consolidation, the company discourages its clients from choosing the path of bankruptcy to end their debt problems. It instead offers unique debt management and debt reduction solutions.

- Company also helps consumers make proper use of their finances and budgeting.

- The firm has a good track record of eliminating credit card late fees for its clients as well as investment professionals who offer sound personal finance advice to clients.

- The company has a mission of teaching its customers good credit & money management.

Services Provided: Debt management plans, credit counseling services, good credit & money management, elimination of credit card late payment fees & high interest charges, etc.
Website: n/a

 

 

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