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If you’ve found yourself in a situation where your debt has become unmanageable, we understand, because many of us were once in the same situation. We know the reasons for debt are many, and that every situation is unique. That’s why we’re committed to understanding the specific financial factors you face – no matter where you are.
We hear from people every day who tell us that they are struggling with student loan debt, including in the state of New York. In fact, according to our data, the number of New York residents seeking debt relief who are between the ages of 18 and 24, increased 30% from 2010 to 2011. Likewise, the number of New Yorkers ages 25 to 34 who are seeking debt relief also increased 4% from 2010 to 2011 and was 6% higher than our national average. This is a significant increase and could be due, in part, to the fact that the average student loan debt in New York for graduating seniors is $26,271, which is higher than the national average of about $23,6001.
Unfortunately due to various regulations, in most cases, student loan debt cannot be added to a debt consolidation plan. However, many people find financial relief by tackling their unsecured debts first, or during a student loan deferment period. By combining their unsecured debts, like credit card or medical bills, into one affordable monthly payment, they are able to put themselves in a better position to pay off their student loans in a timely manner.
If you’re struggling to make ends meet, the providers of CareOne Debt Relief Services® want to help you in your journey to become debt-free. Many of us have struggled with debt ourselves. We got out and so can you. We offer multiple options and will work with you to determine your best course of action.
Call one of our Certified Personal Finance Counselors® today. They’ll review your individual situation, provide a free debt relief analysis and suggest a customized debt relief action plan customized for your unique situation.