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After years of struggle during the Great Recession, there are many new signs that positive economic trends are occurring all over the country, particularly in America’s urban areas and cities. For example, Memphis, Tennessee’s largest metropolitan area is experiencing renewed growth and optimism.
The residential population in downtown Memphis has increased 7% according to the most recent counts provided by the Downtown Memphis Commission. In addition, retail sales are on the rise and there are approximately 73,300 employees working downtown1. And, according to the most recent numbers from the Bureau of Labor Statistics, the unemployment rate in Memphis is 7.7% which is just below the national average2.
However, full recovery is not yet at hand. Many Memphis residents continue to struggle to make ends meet, with median household incomes 16% lower than the state average. Additionally, 26% of the Memphis population is living below the poverty line. CareOne’s internal data shows that many residents are still in need of effective ways to manage their finances. The number of creditors reported by those looking for a loan-free option for debt consolidation in Memphis increased 9% from 2011 to 2012.
The providers of CareOne Debt Relief Services® know how hard it can be to meet your obligations when budgets are tight and your credit card debt keeps growing. Many of us have experienced debt first-hand. We know what it takes to get out of debt, and we want to share that information with you so you can achieve your own financial goals. If you’ve been looking for information on debt consolidation in Memphis, without a loan, we encourage you to call one of our Certified Personal Finance Counselors® to receive a free debt analysis today. They’ll review your unique situation and walk you through all your options so you can implement a debt relief plan that works for you.