Oregon Debt Relief Program
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Oregon Debt Relief Options
On the whole, the state of Oregon is doing pretty well when it comes to credit and debt. But that means very little if you’re one of the few who isn’t doing well. If you have credit card debt, student loans, mortgages, or other types of money you owe, you may be struggling to make your payments. You put most of your paycheck into paying off your debt every month, but it barely seems to make a dent. Fortunately, there are a variety of ways to get Oregon debt help. Here’s what you need to know.Oregon Debt Statistics
The average credit score in Oregon is 709, which is a bit higher than the national average of 696. Borrowers in Oregon have an average of $4,773 in debt, which is in the low range. Credit delinquency is low as well, with only 0.45% of debtors who are more than 90 days late with a payment. This is 21% less than the national average of 0.57%. The poverty rate is a little above average, unfortunately, at 13.3%. While many states have a complex statute of limitations on debt repayment, with a host of different criteria for different situations, Oregon makes it a simple six years. The only exception is if you own a business who owes money under the Unlawful Trade Practices Act, wherein the statute is only one year.Americor Can Provide Oregon Debt Relief
If you’d like to get out from under your debt and take control of your own finances, there are several ways to do it. An Oregon debt consolidation program can take all of your various creditors and combine them into a single monthly payment that’s easy to manage. Contact Americor’s financial experts to learn more about the debt relief options that are open to you in Oregon. We know the debt laws in your state and can work with you to find a solution that meets your specific needs. Give us a call, and we’ll set up a free consultation to help you get out of debt and get your life back as quickly and painlessly as possible.
“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!”
We’ve Helped Thousands
of People Just Like You
Sue & Dennis M.
Sue and Dennis found themselves struggling to manage 7 credit card bills on a monthly basis. They enrolled $52,000+ of debt and our team has reduced all balances by 50%! They will be 100% debt free in 3 years, rather than the 26 years it would have taken them to pay off their creditors without our help.
Oregon Debt Relief FAQs
Oregon 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 Oregon.
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.
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