Working with a non-profit debt relief organization, like Money Fit, has benefits.
First, our mission, quite literally, is to help our customers identify means to overcome their debt for good and eliminate the need to seek debt relief in the future. This objective rings true for anyone who seeks our assistance, whether they become a client or not.
Second, you will be treated as a friend. Money Fit Credit Counselors have worked with hundreds of thousands of individuals dealing with their own personal financial worries. They know, from years of experience, that no two stories are alike and that each person that contacts us for debt relief is unique.
Credit Card Debt Consolidation is a Growing Need for Coloradans in 2022
In Colorado, the average cardholder’s credit card debt as of 2022 was $6,762. That number looks to rise in a post-pandemic world, as consumer spending begins to roar back. The key concern is the reliance on credit cards is increasing while inflation and other economic crisis such as high-energy costs and global instability appear to be cemented in for 2022 due in large part to the Russian invasion of Ukraine.
Consumers that can manage their debt by slowing or stopping their credit card use, and focusing on paying it off, could find themselves in a considerably better financial picture than those who don’t. Especially if any other market disturbances arise. A credit card debt consolidation program, such as the program offered by Money Fit, can help speed up the repayment process.
Payday Loan Consolidation Gives Colorado Residents a Fresh-Start
Payday loans & other short-term loans can help get consumers out of an immediate bind. However, recent trends show that many consumers find themselves relying on taking out one loan, to pay another loan, and continuing this expensive cycle until they either exhaust their budget or are forced into finding alternate means of resolving their loans.
Thankfully, Money Fit specializes in payday loan consolidation and helping Coloradans escape the vicious borrowing cycle that occurs when trapped in payday loans or other unsecured installment loans.
Getting Help With Debt in Colorado
Money Fit recommends that residents take a cautious approach when looking for financial assistance services. Unfortunately, there are several for-profit businesses with poor track records. If you find a deal that appears too good to be true, it probably is.
We understand that dealing with debt can be tiring and frustrating. We’ve heard from several individuals that they wish they’d first researched a business that they signed up with, however, they were quick to shed the burden of debt and in some cases, their situation ended up worse.
We recommend that you take time with your research and reflect on the short-term and long-term implications such as the total costs to you as well as what, if any, damages may be made to important items such as your personal credit history and score. There is much is on the line, being up-front and asking questions, and doing research will greatly improve the chances that you’ll find a resolution to your debt that satisfies your needs.
A Pandemic That Posed Many Unique Financial Challenges for Coloradans
The pandemic caused by COVID-19 had drastic financial implications for the state of Colorado, beginning in 2020.
Early in 2020, when COVID-19 lockdowns went into effect, Colorado saw a large spike in unemployment insurance claims, and while the long-term economic impact isn’t fully known, it will certainly have a lasting impact.
While the pandemic isn’t over, jobs and employment have made a drastic comeback as the US and world move towards the endemic stages of dealing with the virus.
Money Fit has compiled resources for individuals that have been negatively impacted financially by COVID-19:
Additional Links and Resources:
We provide debt relief to all Colorado residents. If you’re from a city listed above you can read detailed information as to the statistics behind why debt relief is needed by many individuals in your area. Just remember, you are not alone in your goal to live debt-free!