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Nearly a decade after the Great Recession, Americans are still plagued by financial insecurity. Detroit has seen a slower recovery than most. A 2016 report found that the typical American household has an average $16,748 in credit card debt. It has become “business as usual” to carry too much debt. For residents of the “D,” there is a way out.
The financial picture in Detroit is telling. As of February 2017, the national unemployment rate was 4.7 percent while Detroit saw its unemployment rate hovering around 5.9 percent, up from 5.2 percent in February 2016. Real estate prices have been slowly rising, but the median home price is still astoundingly low, at just $45,000. Michigan job growth is promising in the tech sector. In 2016, Michigan ranked 10th of top states for tech jobs and ranked among the top five states for technology industry growth, with 10,700 tech jobs added in 2016.
The good news? CreditGUARD can help you get out of debt quicker. Our average Detroit client as over $11,000 in debt. We’ve helped so many people just like you get back on the road to financial freedom. Call us today to find out how.
As a trusted nonprofit organization, CreditGUARD’s mission is to help you regain control of your finances and work toward a more financially stable tomorrow. Our skilled professionals will help you create a tailored budget and financial plan that meets your needs and could include debt management, financial education, credit counseling, continuing education and budgeting tips from our seasoned credit counselors.
There is hope for residents of America’s Comeback City. If you’re struggling with credit debt, it’s time for you to have a financial comeback! Just make one simple call today to one of our expert credit counselors at CreditGUARD of America. Call us at 1-800-500-6489 for more information on our nonprofit debt management, debt consolidation and credit counseling services. We are ready to help you make the most of your financial tomorrow!