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Los Angeles, CA Credit Counseling & Debt Consolidation
Like most U.S. cities, Los Angeles, California has seen a significant increase in the usage of debt consolidation and settlement services over the past decade. Factors like low wages and high living expenses have contributed to notable consumer debt and a high demand for budget counseling.
On the surface, Los Angeles looks like a prosperous city, and by many metrics, it is. However, given the current unemployment rate of this area is above the national average by .6%, it is a rather 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. Even though Los Angeles remains one of the fastest growing metros in the country, financial hardship has persisted for many area residents.
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. For resources on thrifty living and ways to optimize your budget, visit our blog for more educational articles.
Life on a budget never has to be dull. There are plenty of ways to get out and enjoy LA without breaking the bank. Pay a visit to Griffith Park and enjoy the view from the observatory there. Go for a stroll or take a ride down Rodeo Drive. Visit one of the beaches close to the city like Venice Beach or Santa Monica Pier and Beach. Just because you’re working hard doesn’t mean you don’t deserve a chance to unwind!
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.