If you are are like many American consumers, you are carrying some form of debt. Whether it’s student loan debt, medical bills, or credit card debt, the majority of Americans have it. As a result, Americans are seeking debt help in an effort to regain control of their finances and attain financial freedom.
Here are the top 3 reasons why American consumers are seeking help with debt:
Layoffs or difficulty finding work
Following the economic crash of 2007, thousands of Americans suffered the devastating effects of layoffs and soon found themselves falling into debt. Additionally, the entire job market soon followed suite, and America experienced record unemployment rates. As a result, debt relief services became an increasingly popular method of managing debt.