Debt Consolidation For Hawaii Residents

A tidal wave of debt may seem impossible to overcome; A debt management program is a good start to conquering the issue. Remember, the path to financial freedom isn’t easy but it is well worth it!

Hawaii Debt Consolidation
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Money Fit has helped Hawaii residents find exceptional debt consolidation, especially when it comes to repaying their credit card and other unsecured debt, for over twenty years now. We’re proud to have built such amazing relationships with individuals and organizations over that time.

There are several great benefits to getting help with debt from a nonprofit debt consolidation service, such as Money Fit.

We’re not your typical debt consolidation organization; we are much more. Money Fit spends hundreds of hours every year teaching people of all ages about the perils of being in debt and how they can build a solid financial foundation. We take a proactive approach to finances, however, if there are current financial issues, we’re ready and able to assist.

Our primary goal is to help prevent financial discourse through education, which to some businesses could seem counter-intuitive, however, it’s our mission that “Everything Revolves Around Education.” We believe that the healthier the personal finances are within our community, the better everyone’s quality of life can be.

Money Fit Credit Counselors are highly skilled and trained in personal finance and qualified to help. They’ll treat you with care, compassion, and understanding. You will be treated as an individual. We know that your situation is unique and when you seek debt consolidation from Money Fit, you’ll receive the best, personalized care.

Pandemic Poses Many Unique Financial Challenges for Hawaii Residents

The pandemic caused by COVID-19 had drastic financial implications for the state of Hawaii in 2020.

Early in 2020, when COVID-19 lockdowns went into effect, Hawaii 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.

COVID-19 Impact on Unemployment Rate in Hawaii

September 2019 – August 2020 – Data From stlouisfed.org

Money Fit has compiled resources for individuals that have been negatively impacted financially by COVID-19:

Hawaii Statistics That Display The Need For Debt Consolidation

The average household credit card debt in Hawaii in 2018 was $8,315. To put it in perspective, in comparison to the other states on the list, Hawaii ranks 13th when it comes to average household credit card debt. Credit card debt, unless paid in full each month, can be expensive, and take years to repay.

Hawaii Residents Carry Near The Same Amount Of Credit Card Debt As The National Average

The average US household carries $6,829 in credit card debt. Unfortunately, Hawaii residents are far above that mark. The balances owed are quite high, especially when you determine the costs associated with paying off debt over a lengthy time.

When it comes to student loans in default, or delinquent automobile & medical debt, Hawaii shows a growing need for personal debt consolidation.

Getting Help With Debt in Hawaii

Money Fit recommends that residents take a cautious approach when looking for financial assistance services. Unfortunately, several for-profit businesses have poor track records. If you find a deal that appears too good to be true, it likely 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.

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Additional Links & Resources

More Information:

Money Fit by DRS, Inc. is registered and provides Debt Consolidation Services in the State of Hawaii. If you’re from one of the cities listed above you can read detailed information as to the statistics behind why debt consolidation is needed by many individuals in your area. Remember, you are not alone in your goal to live debt-free!

HAWAII

State of Hawaii Business Registration Division
335 Merchant St #203
Honolulu, HI 96813

Certificate of Authority Number: 34393 F2

Additional Resources

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