Memphis Debt Consolidation

Our nonprofit credit counseling organization has helped Memphis residents seeking debt consolidation and relief from debt live free from burdensome credit card and other unsecured debt for over twenty years now! We offer residents of Memphis a free, no obligation debt consultation and counseling 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
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Debt Consolidate can offer relief in Memphis Tennessee

Memphis Residents Can Get Peace of Mind With Debt Consolidation

The city of Memphis, Tn is known among other things as the birthplace of rock n’ roll, a nurturer of blues, a prime source for comfort cooking, and is perfectly positioned on the edge of the Mississippi river. With its unique style and low cost of living, many are finding Memphis an appealing place to settle.

As major businesses move to the area as well, the Memphis job market expects to see new opportunities and growth. It is a much-needed change as Memphis, in recent years, has had an unemployment rate skimming just below the national average. These developments will not only offer the city more employment but could help raise wages up to levels seen in similar urban areas. Local government is looking to push Memphians even further forward through financial empowerment programs. One such initiative educates individuals in skills and training necessary for sufficient employment. Memphis strives to attain specific goals in helping residents carry less debt and save more, hoping to lead the nation in these areas. Earlier this year, the city began offering student loan debt repayment aid to city employees, gaining praise and causing many other cities to consider doing the same.

With this kind of local support, Memphians have the means to create a healthy financial picture. Unfortunately, for many households this is not the case. As mentioned, residents of Memphis currently battle low wages and less employment opportunity. This has possibly contributed to the accumulation of credit card debt, which at $5,400 is nearly equal to the national average. In addition to this debt, the quarter of Memphians that receive a higher education are also burdened with an overwhelming amount of student loans to repay. Finding it difficult to manage these circumstances, Memphis residents file more than twice as many bankruptcies as other cities across the U.S.

If your uncontrollable debt has made you wonder if bankruptcy is your only option, we welcome you to take advantage of a free debt consultation with one our certified credit counselors. Our representatives can review your financial situation and identify strategies including debt consolidation or pay-as-agreed plans to put you back in charge. Once we’ve helped you start addressing your debt, your only worry will be an ice shortage at Jerry’s Sno Cones.

Memphis Financial Resources:

United Way Financial Education Classes

Rise Memphis Financial Education Programs

Tennessee Financial Literacy Commission Empowerment Modules

Tennessee Financial Resource Guide