Denver, CO (PRWEB) April 28, 2014
Coloradans interested in achieving debt relief should know that the company BestDebtConsolidationLoans.org has done an independent analysis of the debt consolidation loan providers available to residents. The goal of this study was to provide Coloradans with objective and non-biased information about debt consolidation loan companies to help them make good choices and to avoid being scammed.
The BestDebtConsolidationLoans.org analysis revealed that the three debt consolidation loan companies that rank highest are National Debt Relief, CuraDebt and American Debt Enders.
The people in Colorado are having problems with their debts. Some of this is caused by the general state of the economy and some by Colorado's unemployment rate. As of November 2013, it was 6.5%, which made it more than one percent better than the national unemployment rate of 7.3%. Denver is in somewhat worse shape because as of November of last year its unemployment rate was 6%. The city of Colorado Springs has been harder hit with unemployment rate of 7.5% and Pueblo was worse yet at 10.7%, which is more than three points higher than the national unemployment rate.
Colorado’s total workforce as of November of last year was 2,226,160. Given its unemployment rate of 6.5% there were approximately 144,700 unemployed workers in the state at that time. Colorado residents have an average credit card debt of $5,625, which is $746 higher than the national average of $4879 per borrower. On a brighter note, the state’s residents have an average credit score of 692, which is only slightly higher than the average national FICO credit score of 689. It’s median household income is $53,040 and 56% of its residents own their homes. This is lower than the national home ownership rate of 65%.
Why are Coloradans struggling with their debts? The three major causes are the state's unemployment rate, it's high credit card debt per borrower and the fact that many Coloradans practice poor personal financial management.
Big debt can be a serious problem. And becoming debt free can be very difficult. Fortunately, as the analysts at BestDebtConsolidationLoans.org found there are ethical and trustworthy debt consolidation loan providers that can help Coloradans become debt free.
The criteria used by BestDebtConsolidationLoans.org in analyzing debt consolidation loan providers consisted of: Their fees, debt solution options, customer service, customer satisfaction, business ethics, and financial standing.
Based on their reviews, the analysts at BestDebtConsolidationLoans.org awarded the top ranking to National Debt Relief. This was due to several factors. First, the company provides its customers with custom-designed debt consolidation solutions. Second, it has maintained an A rating with the Better Business Bureau for a number of years. Third, National Debt Relief operates in a very ethical manner. It charges no upfront fees or cancellation fees. And fourth, its customers are almost always very satisfied with the debt relief services they receive. Plus, its customers liked the fact that it charges nothing until it has satisfactorily settled their debts and provided them with payment plans they approved.
CuraDebt was ranked second by BestDebtConsolidationLoans.org. It specializes in working with customers who have more than $10,000 in credit card debts. It is most often able to deliver on the promises it makes to its customers as a result of its strong working relationships with the credit card companies. In addition, CuraDebt provides flexible debt consolidation programs that go beyond just credit card debts. It can also help its customers with tax debts, student loans and defaulted loans.
American Debt Enders was ranked third by the analysts at BestDebtConsolidationLoans.org. The company has been in business for nearly seven years and has made a specialty out of providing debt relief to customers with more than $5000 in debts. It's debt counselors are trained to handle virtually every type of credit problem up to and including helping their customers improve their credit scores.
Colorado residents, who would like to learn more about these three credit consolidation loan companies, should visit http://www.bestdebtconsolidationloans.org.