Working with nonprofit debt relief services like Money Fit can provide consumers with valuable rewards like greater peace of mind, greater financial control, and automated payments.
Our Credit Counselors achieve their required certification through independent third-party programs to assure we are prepared as well as possible to assist our clients in their unique financial needs.
Credit Card Debt Consolidation is a Pressing Need for Hawaii Residents in 2022
In Hawaii, the average cardholder’s credit card debt as of 2022 was $7,246. 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 Hawaii 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 Hawaii residents escape the vicious borrowing cycle that occurs when trapped in payday loans or other unsecured installment loans.
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.
A Pandemic That Posed Many Unique Financial Challenges for Residents of Hawaii
The pandemic caused by COVID-19 had drastic financial implications for the state of Hawaii, beginning 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.
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 & Resources:
Money Fit by DRS, Inc. is registered and provides Debt Relief 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 relief is needed by many individuals in your area.
State of Hawaii Business Registration Division
335 Merchant St #203
Honolulu, HI 96813
Certificate of Authority Number: 34393 F2