Idaho residents have trusted Money Fit to provide exceptional service when it comes to receiving guidance and assistance for help in navigating their debt consolidation needs for more than twenty years. In fact, Idaho is home to our nonprofit organization’s headquarters, in Boise. While we provide debt consolidation nationally, Idaho is where it all began. Whether individuals in Idaho are seeking help with credit card debt, private student loans, or other types of unsecured debt such as collection accounts, payday loans or medical bills, we’re always eager to help our neighbors in the Gem State!
Getting help from a nonprofit debt consolidation service, such as Money Fit, comes with some excellent benefits.
We’re not a typical debt consolidation organization, in fact, we’re so much more. We spend hundreds of hours each year, teaching the youth of Idaho about the perils of debt and how they can take control of their financial future early on in life.
It’s our intention to help individuals prevent financial emergencies through education. To some, that may seem counter-intuitive, however, it’s our organizational mission that “Everything Revolves Around Education.” The healthier the personal finances are within our community members, the better everyone’s overall quality of life is.
Money Fit Credit Counselors are highly skilled and qualified to help. They’ll treat you with compassion and understanding. While you’re certainly not alone in your desire to manage your finances, your situation is unique and when you seek debt consolidation from Money Fit, you can rest assured you’ll be listened to and receive effective and confidential care.
Pandemic Poses Many Unique Financial Challenges for Idahoans
The pandemic caused by COVID-19 had drastic financial implications for the state of Idaho in 2020.
Early in 2020, when COVID-19 lockdowns went into effect, Idaho 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 Idaho
Money Fit has compiled resources for individuals that have been negatively impacted financially by COVID-19:
Idaho Statistics That Highlight The Need For Personal Debt Consolidation
The average household credit card debt in Idaho as of 2018, was a whopping $8,570. In comparison to the other states shown on the list, Idaho is 10th when it comes to total credit card debt. Ohio held the lowest household credit card debt with an average of $5,446. This means that Idahoan households have 57% higher credit card balances than residents in Ohio.
Idaho Is Booming: Specifically the Treasure Valley
Idaho may be widely known for ⛰️ and 🥔 ’s but the fact is the state is growing rapidly. A growing concern in Idaho is the recent take-off in home buying and rental costs. Research on the real estate website Zillow shows a 17.4% rise in home values over the last year (Feb. 2018 to March 2019.)
The Idaho Statesman published an interesting article towards the end of 2018 that detailed how the rise in home values has pushed many potential buyers out of the market. Rental prices have been rising drastically as well and unfortunately, those that have limited income or financial woes are finding it increasingly more difficult to adjust.
We’ve seen projections stating the Treasure Valley population will likely cross the 1 million mark within 20 years, if not considerably quicker. These changes highlight the need to improve our community’s overall financial health which we remain 100% committed to assisting.
Getting Help With Debt In Idaho
Money Fit recommends that residents take a cautious approach when seeking debt consolidation services. Unfortunately, there are several for-profit businesses that have poor track records. If you find a deal that appears too good to be true, it’s likely that it is.
We know 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 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.
- Average Credit Card Debt By State
- 10-Year History & Forecast of Idaho Home Prices
- This is how the worsening housing problem in 2018 affected the Treasure Valley
Additional Links & Resources
- Boise Debt Consolidation
- Caldwell Debt Consolidation
- Coeur d’Alene Debt Consolidation
- Idaho Falls Debt Consolidation
- Twin Falls Debt Consolidation
- Meridian Debt Consolidation
- Nampa Debt Consolidation
- Pocatello Debt Consolidation
We provide debt consolidation to all Idaho residents. 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!
If you’re an educator in the Treasure Valley, be sure to reach out if you’d like Money Fit to provide personal finance education support to your school or university.