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Debt consolidation is a long-term debt relief solution, including bad credit debt consolidation loans designed to set you up for continued success. Before you can start the process of relieving your debts, you must find debt consolidation companies in Oregon. Unlike other debt consolidation companies, CareOne Debt Relief Services offers assistance to residents of all 50 states. We are proud to have helped over 5 million people, just like you, find a better way out of debt.
When it comes to debt, every state is unique. The two main types of consumer debt that impact Oregon residents are credit card debt and student loans.
According to research from Value Penguin1, Oregon residents on average have $8,619 in credit card debt, which is the 9th highest in the country. This debt is partially the result of unemployment in Oregon
According to the Bureau of Labor Statistics, the unemployment rate as of July 2018 Oregon was 3.9%; which is tied with the national average. Although unemployment has decreased over time, 82,521 people are still left unemployed. In addition, the U.S. Census reports that 13% of the state’s population is currently living below the poverty line2.
Students trying to begin their careers are also struggling financially and start to seek Oregon area debt relief at a young age.
According to a study discussed in Eugene Weekly3, more than 50 percent of Oregon college grads are in debt. The average Oregon student is graduating with an average of $27,000 in student loan debt4, ranking Oregon 22nd in the country for its amount of average student loan debt per borrower. The individuals most likely to struggle with student loans are those who do not graduate or who graduate from a program that does not actually provide skills valued by employers. Even though their debt will be relatively low ($10,000 to $20,000), they have trouble getting a job that allows them to pay off these loans.
As Oregon residents of all ages try to weather this economic storm, they may feel alone and out of options. But there is hope.
We’re dedicated to helping consumers find a way out of debt regardless of the cause. We offer multiple debt relief options in order to find the right solution for each unique situation.
If you’re interested in learning more about debt consolidation in Oregon, we encourage you to call our providers today. They’ll conduct a free debt analysis, walk you through all your options and help you find a customized action plan to help you work toward debt-free life.