Money Fit has proudly helped Iowa residents find debt consolidation, especially when it comes to paying off their credit card and other unsecured debt, for more than twenty years now. We’re proud to have built wonderful relationships with individuals and organizations over that period of time.
There are many benefits to getting help with debt from a nonprofit debt consolidation service, such as Money Fit.
We’re not a typical debt consolidation organization, in fact, we’re so much more. We spend hundreds of hours each 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 willing to assist.
It’s our goal 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.” Our belief is that the healthier the personal finances are within our community, the better everyone’s quality of life can be.
Money Fit Credit Counselors are well versed 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 personalized care.
Pandemic Poses Many Unique Financial Challenges for Iowans
The pandemic caused by COVID-19 had drastic financial implications for the state of Iowa in 2020.
Early in 2020, when COVID-19 lockdowns went into effect, Iowa 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 Iowa
Money Fit has compiled resources for individuals that have been negatively impacted financially by COVID-19:
Iowa Statistics That Display The Need For Debt Consolidation
The average household credit card debt in Iowa in 2018 was $6,696. To put it in perspective, in comparison to the other states on the list, Iowa ranks 38th 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.
Iowa 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. Iowa residents aren’t far below that mark, they owe a substantial amount of credit card debt. The balances owed across the country are really 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, Iowa shows a growing need for personal debt consolidation.
Getting Help With Debt In Iowa
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 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.
Additional Links & Resources
We provide debt consolidation to all Iowa 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. Just remember, you are not alone in your goal to live debt-free!