Alabama Debt Relief

Money Fit has proudly helped Alabama residents find debt relief, especially when it comes to paying off credit card and other unsecured debt, for more than twenty years now. We’re proud to have built wonderful relationships with individuals and organizations over that period of time.

While the cost-of-living and total household credit card debt in Alabama can be difficult   to deal with, Money Fit has excellent personal finance services that can help   bridge   the gap.

While the cost-of-living and total household credit card debt in Alabama can be difficult to deal with, Money Fit has excellent personal finance services that can help bridge the gap.

There are many benefits to getting help with debt from a nonprofit debt relief service, such as Money Fit.

We’re not a typical debt relief organization, in fact, we’re so much more. We spend hundreds of hours each year teaching people of all ages about the perils of being in debt and how they can build a solid financial foundation. We take a proactive approach to finances, however if there are current financial issues, we’re ready and willing to assist.

It’s our goal to help prevent financial discourse through education, which to some businesses could seem counter-intuitive, however, it’s our mission that “Everything Revolves Around Education.” Our belief is that the healthier the personal finances are within our community, the better everyone’s quality of life can be.

Money Fit Credit Counselors are well versed in personal finance and qualified to help. They’ll treat you with care, compassion and understanding. You will be treated as an individual. We know that your situation is unique and when you seek debt relief from Money Fit, you’ll receive personalized care.

Alabama Statistics That Display The Need For Debt Relief

The average household credit card debt in Alabama in 2018 was $7,105. To put it in perspective, in comparison to the other states on the list, Alabama ranks 29th when it comes to average household credit card debt. Credit card debt, unless paid in full each month, can be expensive, and take years to repay.

Delinquency rates are high in Alabama

When a debt isn’t paid on time, it can become much more expensive, especially once the late or over-the-limit fees are tacked on. Then, especially in regards to credit cards, after a payment is missed, the lender may raise the APR rates. None of this bodes well for the consumer as it makes an already difficult situation that much harder to deal with.

7.7% of all credit card payments are delinquent in Alabama and places the state (when reviewing the delinquency index of various loan products) in the 8th worst position in the country and highlights the needs that many in Alabama residents have when it comes to dealing with their debt.

Getting Help With Debt In Alabama

Money Fit recommends that residents take a cautious approach when seeking debt relief services. Unfortunately, there are several for-profit businesses that have poor track records. If you find a deal that appears too good to be true, it’s likely that it is.

We know that dealing with debt can be tiring and frustrating. We’ve heard from several individuals that they wish they’d first researched a business that they signed up with, however, they were quick to shed the burden of debt and in some cases, their situation ended up worse.

We recommend that you take time with your research and reflect on the short-term and long-term implications such as the total costs to you as well as what, if any, damages may be made to important items such as your personal credit history and score. There is much is on the line, being up-front and asking questions and doing research will greatly improve the chances that you’ll find a resolution to your debt that satisfies your needs.

Sources:

Average Credit Card Debt By State

States With the Biggest Debt Problems

Additional Links & Resources

More Information:

We provide debt relief to all Alabama residents.