- Plans & Services
- Tools & Tips
- About Us
The providers of CareOne Debt Relief Services® understand that the majority of Americans have been affected by the economic recession in one way or another. Economic influencers change from state to state and can play a significant role in the financial health of residents. This is particularly true in Hawaii.
Because of its geographic isolation the cost of living in Hawaii is the highest in the nation1. Despite the fact that the median household income is 22% higher than the national average2, the average resident has $7,527 in personal credit card debt, putting it at the higher end of the national spectrum3. Hawaii’s economy is also extremely dependent on the tourism industry. Thankfully the past few years have shown a return to normalcy. According to an article from Hawaii News Now the number of visitors seen in 2011 increased 3.8% from 2010 and spending by tourists reached a record $1.3 billion in December of 20114.
However, not every Hawaiian is enjoying a similar positive personal financial trend. According to our own internal data, many residents are in debt and looking for information on debt consolidation. In fact, the number of individual debts reported by Hawaiians seeking debt relief increased 7% from 2010 to 2011 and the average amount of debt reported by those residents also increased 2% during that same time period and was 14% higher than our national average.
If you’re struggling with debt, we understand. Many of us at CareOne have been in your shoes, including our founder, Bernie Dancel, and we understand how it feels. We also know what it takes to become debt-free and we’re passionate about helping others achieve their own financial goals. If you think debt consolidation might be the right choice for you, call one of our Certified Personal Finance Counselors® to discuss your options. They’ll review your unique situation and help you choose a customized action plan to help put you back on track.