You’re not the only Arizonan who struggles under a serious burden of credit card debt. In fact, the state is notorious for its high rates of personal and household debt. Chances are good that you won’t be the only person in your neighborhood who searches for an Arizona debt consolidation quote this week.
You might not even be the only person on your block who does so. After all, Arizona was hit particularly hard by the late-2000s housing bust and the recession that followed. Although the state’s economy has recovered somewhat from its 2009 nadir, it’s still in pretty rough shape.
In order to combat the economic collapse, thousands of local residents who were already “underwater” on their mortgages began to use new credit cards and personal loans to pay for everyday items like food, clothing and fuel.
Some even used newer, lower-interest credit cards to pay off the balances on older, higher-interest credit cards. Although this strategy can work on a temporary basis, it can be deceptive and dangerous over a longer time frame. Many of these folks now find themselves in desperate need of debt relief. Every day, hundreds of them search for affordable bibijones from trustworthy debt relief providers.
It hasn’t always been this way. Over the past several decades, Arizona’s population has grown at a tremendous rate. In 1950, the population of Phoenix was just over 100,000. Today, Phoenix is home to more than 1.5 million people and continues to grow at a rapid clip. Collectively, more than 5.5 million souls live in the Phoenix and Tucson metropolitan areas.
Unfortunately, this rapid population growth sowed the seeds of the current economic crisis. When in-migration slowed and home prices began to decline, the state was left with a glut of vacant, newly-built homes that sold for just a fraction of their estimated values. The subsequent collapse continues to affect Arizona’s broader economy.
In other words, it’s not helpful for you to blame your personal debt crisis on unwise decisions that you might have made in the past. It’s far more likely that the deep national recession is the primarily culprit for your plight.
If you find yourself in a tight financial spot and worry that you might eventually have to file for bankruptcy, you can look to any number of places for help. There are several different means by which you could seek debt relief. You might wish to start by applying for a free, no-obligation Arizona debt consolidation quote from a BBB-accredited debt relief company.
Ultimately, the strategy that you use to reduce your debts and become financially independent will depend upon the particulars of your debt situation.
Before they sign up for Arizona debt consolidation quotes, many folks try to whittle down their debt burdens with credit card balance transfers. If you’re interested in trying this tactic, you’ll need to sign up for a new credit card that offers a low promotional rate on any balances that you transfer from older cards.
Although these rates may only last for a year or so, they may provide you with the breathing room that you need to make a dent in your debts. After all, an interest-free 12-month period could save you a few hundred dollars in interest charges and enable you to reduce your debts by a corresponding amount.
Of course, it’s possible that you won’t be able to find any balance transfer deals. Credit card companies often require applicants for new cards to have solid credit scores. If you don’t meet certain requirements, you might need to seek relief by other means.
If you don’t think that a balance transfer will make a meaningful dent in your unsecured debt load, apply for an Arizona debt consolidation quote. Make sure to seek out debt relief outfits that enjoy full accreditation from the Better Business Bureau and have a proven track record of successfully negotiating meaningful reductions to their clients’ debt balances.
The process of applying for an Arizona debt consolidation quote is surprisingly easy. You’ll simply need to provide your name, phone number and e-mail address via an online form. If you need help or have any concerns, you can use a built-in “help chat” feature or call a toll-free helpline during extended business hours.
In most cases, you’ll receive your quote within minutes. The next steps in the process will be up to you.
You’ll be under no obligation to act on the quote that you receive. You can simply choose to file it away and get on with your life.
On the other hand, you can opt to enroll in a debt consolidation plan that has the power to reduce your unsecured debt burden by a significant amount. Your BBB-accredited debt relief provider will work hard to convince each of your creditors to reduce your outstanding balances. After a process that can take as little as two years, you’ll be ready to pay off your debts for good and enjoy a newly-independent existence.
Remember, debt relief is a personal process. You’re the only person who can decide whether to act on your BBB-accredited Arizona debt consolidation quote.