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San Francisco Credit Counseling and Debt Consolidation Services
With the average price index of 267, 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 anywhere else in the U.S., it interestingly enough 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. 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 2014 San Francisco rested at number 25, on a list from MarketWatch, of U.S. cities that were found to have the hardest time paying off their credit card debt. Take other locals factors, like medical bills, school loans, mortgages 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. 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.
Call CreditGuard of America at 1-800-500-6489 for more information on debt management information and our nonprofit debt-counseling services in San Francisco.