Los Angeles Debt Consolidation
Our nonprofit credit counseling service has helped Los Angeles residents in need of debt consolidation and debt relief live free from the burden of heavy credit card and other unsecured debt for over twenty years now! We offer residents of Los Angeles a free, no obligation debt consultation that can be done on the phone or online with a certified credit counselor.
Will Debt Consolidation Help?
- Get a free financial assessment
- Learn about your options
- Find a plan that fits your budget
- Reduce interest rates and stop late & over limit fees
Debt Consolidation is an Effective Option for Debt Relief in Los Angeles, Ca
The 2008 recession hit California as hard as any state in the nation. However, the citizens of Los Angeles were not to be broken. They were determined for life to be as sunny as ever, but also took to heart the costly effects of the poor financial literacy that crashed the housing market. Today, that same insufficient education has left many individuals vulnerable to money scams and others in need of debt relief from over borrowing. Because of this need, organizations, even governmental initiatives, have bloomed throughout the community seeking to better educate Angelenos about personal finances and the American banking system. The leaders of Los Angeles quickly acted upon a desire they saw in its residents, including underserved minorities and the immigrant population, to learn how to build a better, more promising future.
These organizations including public libraries, federal credit unions, state councils, professional institutes, and even the City of Los Angeles itself, now offer financial literacy programs for all people and all ages. Of the city’s Financial Empowerment Window program that launched just last year, the mayor of Los Angeles, Eric Garcetti said, “Growing L.A.’s prosperity means empowering all Angelenos with information that helps them to shape their own destiny,” Through this specific development 16,000 foreign nationals can now access resources to increase their understanding of basic financial skills, necessary to living a healthy and self-sufficient life.
Despite these steps forward, Angelenos face a bit of an uphill battle. While some statistics, such as higher wages than the national average and a period of decreasing unemployment, weigh in their favor, others do not. For example, residents of Los Angeles bear almost unaffordable housing and a much higher cost of living than residents in other cities in California and far more than many cities on a national scale. Additionally, while the U.S. saw a steady increase in wages over the past year, L.A.’s wages decreased an equal amount.
If you have taken on debt to make ends meet or are having trouble creating a big picture financial plan, we can help. Our free, no obligation credit counseling offers information on debt repayment options, including debt consolidation, to help you pay your creditors and achieve financial stability. With our resources and tools put to work, your only worry will be the return of Carmaggedon.