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San Francisco Credit Counseling and Debt Consolidation Services
With the average price index of 274, San Francisco, California has the highest living costs in the country. This city ranks as the fifth most expensive in the world and has the highest global rates when it comes to purchasing and renting homes. That’s why concerns about issues like consumer credit counseling and debt consolidation in San Francisco make for frequent and necessary discussion topics.
Although San Francisco has a higher cost of living than nearly anywhere else in the U.S., it has an employer cost rate that is fairly compatible with the rest of the country. This means the ratio of funds it takes to live in the Bay Area compared to take home wages is not equal to other large American cities. Despite a low unemployment rate of 3.6%, many residents don’t make enough monetarily to sustain their lifestyles based off of a singular income, and because of this, more San Franciscans are reaching for their credit cards and finding themselves in need of debt management services.
In 2017, San Francisco rested at number 4, on a list from Kiplinger, of U.S. cities that were found to have the highest cost of living, making it more difficult for those with credit debt. Take other locals factors, like medical bills, school loans, mortgage rates, etc. into consideration, and it’s easy to understand just how financially demanding this city can be.
If you’re one of the many inhabitants of this wonderful city, you know just how challenging it can be to stay diligent and remain debt free. While you’re hard at work to get out of debt, there are still ways to have fun around San Francisco without spending a bunch of money. Plan a trip to Golden Gate Park. This park has lots to offer with areas to picnic, relax or stroll. The Japanese Tea Garden at Golden Gate Park is a particularly great place to relax, snap some pictures, and of course, enjoy a cup of tea!
Credit counseling services are a great way to familiarize yourself with your finances and make sure you stay out of the danger zone when it comes to borrowing and spending money. Non-profit debt management is different from consolidation loans that can make your situation worse. With non-profit services like ours, you’ll save on interest and get out of debt more quickly without harassment from creditors. Call CreditGUARD of America at 1-800-589-1643 for more information on debt management information and our nonprofit debt-counseling services in San Francisco. You can also visit our blog for more information about non-profit debt management and read other educational articles.