Montgomery, AL (PRWEB) April 17, 2014
Analysts at BestDebtConsolidationLoans.org performed an independent review of the debt consolidation loan program companies available to Alabamans. The goal of this analysis was to provide consumers with unbiased information about the options available for debt relief and to avoid being scammed. It is now announcing the results of this analysis that the top three debt consolidation loan companies available to residents of Alabama are National Debt Relief, CuraDebt and American Debt Enders.
The people in Alabama are having a problem with debt. Some of this is caused by the general state of the economy and some specifically by Alabama's unemployment rate. As of November 2013 it was 6.1%, ranking it 20th in the U.S. but better than the national unemployment rate of 6.6%. However, its largest city, Birmingham, has been harder hit with an unemployment rate of 8.1%. The state’s second largest city, Montgomery, is a bit better at 7.1% and Mobile, which is Alabama’s third largest city, has an unemployment rate identical to that of Birmingham at 8.1%.
Alabama’s total workforce as of November of last year was 1,824,400. Given its unemployment rate of 6.1% there are approximately 112,000 unemployed Alabamans looking for work.
Alabama residents have an average credit card debt of $4,817, which is slightly lower than the national average of $4879 per borrower. The state’s residents have an average Experian credit score of 676, which ranks it 41st in the U.S. It’s median household income is $41,415 or about $10,000 less than the U.S. median household income. On a brighter note, homeownership in Alabama is 73.2%. This is substantially higher than the U.S. homeownership rate of 65%.
When you combine the state’s unemployment rate and credit card debt with poor personal financial mismanagement it becomes obvious as to why the people of Alabama are having a problem with debt. BestDebtConsolidationLoans.org analysts found that there are, in fact, trustworthy and ethical debt consolidation companies that can help Alabamians become debt free. Dealing with big debt is a serious problem and requires serious help. Fortunately, there is such help available.
In analyzing the debt consolidation loan companies available to residents of Alabama, the analysts used six criteria: Fees, debt solution options, consumer satisfaction, financial standing, customer service and business ethics.
National Debt Relief was awarded the top ranking by BestDebtConsolidationLoans.org reviewers. They were impressed by the fact that the company has maintained an A rating with the Better Business Bureau for a number of years, plus the fact that it operates in a very ethical manner. For example, National Debt Relief charges no cancellation fees or upfront fees. It specializes in helping customers who have more than $7500 in debts by providing them with debt consolidation programs custom tailored to their needs. In addition, the reviewers found that first-time customers of National Debt Relief were almost always very satisfied with the services they received. The company's customers also liked the fact that it charged no fees until it had satisfactorily settled their debts and provided them with approved payment plans.
The company ranked second highest by BestDebtConsolidationLoans.org analysts is CuraDebt. It specializes in helping consumers who owe more than $10,000 on their credit cards. The company is able to get its customers the results it promises due to its strong working relationships with the credit card companies. BestDebtConsolidationLoan.org reviewers were also impressed by the fact that CuraDebt offers flexible debt consolidation programs that go beyond just credit card debts, including programs designed to help with student loans, defaulted loans and tax debts.
BestDebtConsolidationLoans.org gave third place to American Debt Enders. It has been in business for nearly seven years and has an excellent reputation for providing consumers with debt relief who owe more than $5000. It is said that its well-trained experts are able to handle virtually all types of credit problems. For that matter, the company says it's even able to help improve their customers' credit scores.
Alabama residents who would like to learn more about these three debt consolidation companies should go to http://www.bestcreditconsolidationloans.org.