Illinoisans Are Distressed And Debt-Ridden
Illinois is so much more than fields and farms. From the midwestern warmth of its citizens to its strong sports presence, the Prairie State is a wonderful place to call home. With no shortage of shopping or dining options in Chicago and plenty of outdoor adventures to be had in one of its 300+ state parks, Illinois residents always have something to look forward to.
Unfortunately, the financial future isn’t so bright for many in the Land of Lincoln. Because of inflation, Illinoisans are paying thousands of dollars more per year on basic necessities like utilities, groceries, and rent. And with some areas of the state seeing a 10% increase in housing prices, Illinoisans are left distressed and debt-ridden.
Illinois Residents Are Weighed Down By Debt
With the prices of essential items increasing every day, Illinois families are scampering to make ends meet. Many are increasing their debt by charging food, medicine, and clothing on their credit cards. The average household in Chicago has $10,670 in credit card debt. Households in Aurora are also deep in debt, with the average home owing $11,668 to credit companies. For many families that can only afford minimum monthly payments, there seems to be no way off the hamster wheel.
See how many minimum monthly payments you will need to make to considerably lower your debt, as well as the interest you’ll incur with the calculator here.
Illinois Debt Relief That Lightens Your Load
If you want to significantly lower your debt, check out our valuable tools:
Sources:
https://patch.com/illinois/chicago/il-inflation-40-year-high-spike-costs-illinoisans-thousands
https://patch.com/illinois/chicago/home-prices-illinois-expected-make-gains-2022
https://wallethub.com/edu/cc/credit-card-debt-study/24400#average-debt-decrease-b
Our Clients Say...
-
Lannie D.
“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!”
-
Matthew E.
“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!”
