Debt Consolidation For Missouri Residents

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Missouri Debt Consolidation
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Money Fit has helped Missouri residents find quality debt consolidation, especially when it comes to repaying their credit card and other unsecured debt, for more than twenty years now. We are proud to have built such wonderful relationships with individuals and organizations over that period of time.

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

We are not a typical debt consolidation organization, in fact, we’re 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.” 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 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 Missouri Residents

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

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

September 2019 – August 2020 – Data From stlouisfed.org

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

Missouri Statistics That Display the Need for Debt Consolidation

The average household credit card debt in Missouri in 2018 was $6,491. To put it in perspective, in comparison to the other states on the list, Missouri ranks 41st 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.

Good News: Missouri Residents Carry Less Credit Card Debt

On average, Missouri residents aren’t deluged in credit card debt like many households are across the United States. However, the average balances that are owed are still high, especially when you determine the costs associated with paying off debt over a lengthy period of time.

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

Getting Help With Debt in Missouri

Money Fit recommends that residents take a cautious approach when seeking financial assistance 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.

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Additional Links & Resources

More Information:

We provide debt consolidation to all Missouri 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!

Additional Resources

Missouri Debt Consolidation

Debt
Consolidation

Consolidate your debt into a more affordable monthly payment.

Missouri Debt Consolidation

Credit Report
Review

Receive free, unbiased, factual advice from an award-winning non-profit organization!

Missouri Debt Consolidation

Debt
Management

We work with your creditors to reduce payments and fees.

Missouri Debt Consolidation

Payday
Loan

Get help with your payday loans and break the borrowing cycle!

Missouri Debt Consolidation

Budget
Calculators

Our free budget calculators will help you track where your money is going and get you ahead with your finances.

Missouri Debt Consolidation

Money Fit
Academy

Courses and other resources to provide you with a financial toolbox.

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