Oakland Debt Consolidation

Our nonprofit credit counseling service has helped Oakland residents in need of debt consolidation and debt relief achieve freedom from heavy credit card and other unsecured debt for over twenty years now! We offer a no-cost, no obligation debt assessment to residents of Oakland that can be done on the phone or online with one of our certified credit counselors.

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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Seeking Debt Consolidation in Oakland California

Debt Consolidation Offers Oakland Residents a Place to Turn

The city of Oakland, CA in recent years has become the destination for migrating entrepreneurs and creatives.  It is a city that is constantly evolving artistically, musically, and thanks to emerging tech start-ups, commercially. In Oakland, entrepreneurship and small businesses are championed for and backed by community support and resources.

On a personal level, according to the Bay Area Census, all is well financially for Oakland households, which earned an average income sufficient for affording the coastal California city lifestyle. Some sources report a reasonable debt-to-income ratio with Oakland ranking lower than over 100 other U.S. cities included in the study. It has been generally concluded that Oakland’s credit card debt is far less burdensome than in other places. As a result, residents display healthy credit scores that the majority of lenders would accommodate. Additionally, more and more residents have been able to secure jobs contributing to a decreasing unemployment rate over the last year.  This has brought the rate overall closer to the national average.

However, research has shown, that the employment rate is leveling off, meaning many households will remain without an income. What’s more concerning than this is the extreme lack of financial education in Oakland area. A simple Google search will not be enough to pull these resources out of their deep woodwork. Because of this, many Oakland residents suffer from poor personal finance decisions. One local organization, Family Assets Counts, stresses the danger to financial security Oakland families face by failing to use banks, save money regularly, and invest in assets. This leaves many households vulnerable to economic hardships. They, in fact, predict that 43% of Oakland residents couldn’t comfortably manage emergencies such as job loss, large home repairs, or heavy medical expenses.

If you have found yourself in one of these situations and consequently are in need of debt relief or consolidation, there is a place you can turn. We have certified credit counselors ready to teach you the tools of money management, household budgeting, and debt repayment as part of a free consultation. Debt causes worry no one should have to face. With our services at your side, your only worry will be finding a parking space on a day trip to the City.

Oakland Financial Resources:

YWCA Oakland Money Workshops

Cooperative Center Federal Credit Union Berkley, CA

Teacher Resource- Money Savvy Youth

California Financial Resource Guide