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Los Angeles Credit Counseling and Debt Consolidation Services
Like most U.S. cities, Los Angeles, California has seen a significant increase in the usage of debt consolidation and settlement services throughout the past decade. Factors like low wages and high living expenses have contributed to notable consumer debt and a high demand for budget counseling.
This city has been the 39th fastest growing, metro city over the past few years, and while the prosperity rate has continued to increase over the same time frame, inclusion factors like the poverty rate and median wage continue to decrease. The cost of living here maintains a price index of 207, and this coastal area is ranked as the 9th most expensive city in the country.
Any one of these reasons could be why credit counseling in Los Angeles has become such a priority for many of its inhabitants, and although the current unemployment rate of this area is under the national average by .3%, it can still be a relatively expensive community. Los Angeles residents are more likely to take out loans and over spend on credit cards than any other community in the U.S. And believe it or not, as of January 2016, Beverly Hills ranked highest in credit card debt with an average of $13,583 owed per household.
Extra expense factors like loans and credit cards can be tricky to maneuver and affect your credit score, as well as your financial status, significantly. That’s why it’s important to pay close attention to your income and expenditures at all times.
If you aren’t sure where to start when searching for services like debt management and consumer credit counseling in Los Angeles, be sure to contact our debt specialists at CreditGuard of America. They will carefully review your finances and help cultivate a budget that specifically suits your needs.
Call CreditGuard of America at 1-800-500-6489 for more information on our nonprofit credit counseling and debt counseling agency.