New Yorkers have an average debt of $60,885
New York, NY (PRWEB) November 14, 2014
The company BestDebtConsolidationLoans.org recently undertook a review of the debt consolidation loan companies available to debt-burdened New Yorkers and concluded that the top three are National Debt Relief, CuraDebt and Consolidated Credit.
One big thing about New York City is the amount of debt carried by its residents. One recent study found that New Yorkers have an average debt of $60,885 and an average mortgage debt of $45,631. Making matters even worse is the fact that the area of New York City and northern New Jersey has an unemployment rate of 7%, which ranks it among the worst in the nation.
On a brighter note, residents of New York have an average credit score of 704, which is slightly above the national average of 696.
Why is it that residents of New York City are carrying so much debt? There are a number of reasons for this but the city’s unemployment rate is certainly one of the biggest factors.
“Of these three, we felt the best option is National Debt Relief,” said BestDebtConsolidationLoans.org spokesperson Jimmy Saver. “It has been in business for seven years and has helped more than 100,000 people achieve debt relief. National Debt Relief has consistently maintained an A rating with the Better Business Bureau. BestDebtconsolidationloans.org also ranked the company highly because of the way it does business. “National Debt Relief never charges any upfront or maintenance fees. In fact,its customers are required to pay nothing until their debts have been settled to their satisfaction and they have approved their payment plans. This is in stark contrast to other debt consolidation companies that require their customers to pay them up front or that charge monthly maintenance fees. We also liked the fact that National Debt Relief offers plans that are custom tailored to each of his customers and not just a one size fits all."
BestDebtConsolidationLoans.org felt that CuraDebt would be the second best option for those New Yorkers that are finding it difficult to repay their debts. “This company has excellent relationships with the credit card providers,” noted Saver. “It specializes in working with people that owe more than $10,000. It can not only help customers with their credit card debts but also with student loan debts, tax debts and defaulted loans”.
CuraDebt has been in business for 13 years and offers its customers a free, no-obligation consultation as well as a free savings estimate.
Ranked as the third best option for New Yorkers by BestDebtConsolidationLoans.org is Consolidated Credit. It is Better Business Bureau accredited with an A+ rating. The reason that it was ranked third is because its only debt consolidation solution is credit counseling. Consolidated Credit does offer a free debt evaluation with a certified credit counselor who will review the person’s debt, credit score and budget. He or she will recommend the solution that would be best for that customer based on this information. In some cases this will be a debt management plan, which is a form of debt consolidation. However, for many people debt settlement will be a better option as, unlike a debt management plan, it can actually get people's debt reduced.
New Yorkers that are struggling with their debts and would like to know more about these three companies should definitely go to the website http://www.BestDebtConsolidationLoans.org.