Colorado Debt Relief Program
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Are You Seeking Debt Relief In Colorado?
Colorado, which is known as being the most active state in the country, has a host of features to offer those who enjoy the great outdoors, including mountains, arid deserts, and canyons.
It has a great craft beer scene and a number of sports teams to cheer for, including the Denver Broncos.
The people of Colorado appreciate high salaries, with the median annual household income of $58,244.
Families can expect quality education for their children and a laid-back approach to everyday life. However, all of the benefits of Colorado come with a price tag. Denver, Colorado, is the 20th most expensive place to live in the country.
Considering these factors, it’s no wonder that many people living in Colorado are seeking Colorado debt relief. A high cost of living combined with the expenses of raising a family can lead anyone to struggle with making payments towards credit card debt or any other type of debt.
*** SPECIAL NOTE *** – If your credit cards, personal loans, or medical debts have become unmanageable and you owe over $20,000… then go here for debt relief. We can help!
Debt Problems In Colorado
Those living in Colorado experience a cost of living index of 105.6, just above the national median of 104.63.
However, those who reside in the larger cities of Denver and Boulder have much higher costs than their suburban counterparts. While the state boasts several Fortune 500 companies, including Arrow Electronics, Molson Coors Brewery, and DISH Network, the average Coloradan must balance income with rising expenses.
The average household debt in Colorado of $2,849 falls below the national median of $3,706. However, with inflation raging across the country and home prices at an all-time high, debt is expected to rise. In Colorado, inflation is at 7.9% year over year, leading households to struggle with rising costs of food, everyday items, and energy.
In addition, home prices are up a staggering 20.4% over the prior year.
To afford the higher living costs, many Coloradans find themselves making only the minimum payments towards their credit card bills and wondering how to obtain Colorado debt relief.
However, they are spending extra money on interest that could be used towards more worthwhile causes, such as paying down their mortgage or saving for retirement.
To determine how much you’ll pay in interest and how long it will take you to pay off your credit cards by making only the minimum payments, use the calculator here.
Becoming Debt Free In Colorado
If you are currently caught in a cycle of earning income, meeting basic living expenses, and making only minimum payments towards your credit card debt, it may be time to explore other options.
Americor offers several programs designed to provide Colorado debt relief. Find out more below!
As America’s trusted source for debt relief solutions, we aim to empower you with financial knowledge that can lead to informed decisions, whether it’s about savings, investments, or managing debt.
If your debt has become unmanageable and you have difficulty making your debt payments each month, then you should consider a FREE consultation call with one of our certified Debt Consultants, who can provide personalized debt relief advice tailored to your specific needs.
By taking proactive steps today, you can put an end to your financial stress and work towards a brighter financial future.
Remember, there is always hope for debt relief, and our team of experienced professionals are ready to guide you on your journey to regaining control of your finances.
For more information on Americor’s debt relief services, contact us today to see how we can help you eliminate your debts, and get on the fast-track to becoming completely debt-free!
Sources:
Living In Colorado: 21 Things You Need To Know First (movoto.com)
https://www.move.org/lowest-cost-of-living-by-us-city/
https://worldpopulationreview.com/state-rankings/cost-of-living-index-by-state
Here Are Colorado’s Fortune 500 Companies | Denver, CO Patch
Debt by State 2022 (worldpopulationreview.com)
COLUMN: Colorado’s Polis inflation premium | Jon Caldara | Opinion | gazette.com
Report: Denver home prices up 20.4% over the last year | Colorado | thecentersquare.com
“In 2020, I was drowning in debt. I enrolled in Americor for my 10 creditors for $110,000… and today (three years later) I have cleared my entire balance. It was not an easy process, but Americor guided me through and I am debt free!”
“I was down $80k in business debt, and I remember hearing Americor radio advertising. My credit score was down to 570 from 810. I’ve been in the program for over 3 years. It works, just be patient. And my credit score is currently back up to 710!”
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Ron L.
“I had a business that collapsed and I had to open a bunch of credit cards to meet ends meet. These cards were due at different times and most of the time I couldn’t make it so I was penalized fees. It continuously added up.”
Colorado Debt Relief FAQs
Colorado debt relief companies provide a variety of services that can help you manage and possibly reduce the amount of debt you owe. They can offer assistance with debt management, negotiate with your creditors for reduced payments or interest rates, or settle a debt for less than what is owed. They are experienced in dealing with all types of debts including credit card debts, medical bills, personal loans, tax debts, and student loan debt.
Debt management and debt consolidation are two different strategies used to help people manage their debt in Colorado.
Debt management is a strategy used to create repayment plans, while debt consolidation is a strategy to combine multiple debts into one loan with a lower interest rate and/or one monthly payment.
With debt management, you work with a credit counselor who will review your financial situation and create a plan to help you pay down your debt over time. You will still have responsibility for repaying the debt yourself, but the counselor will help guide you through the process.
Debt consolidation, on the other hand, combines all of your debts into one loan so that you pay less overall in interest and make one monthly payment instead of several. It requires taking out a loan from a bank or lender, typically at a lower interest rate than what you currently owe on those debts, and can help you save money in the long run.
Phone us today and get started on your journey to financial wellness.
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