San Jose Debt Consolidation

Our nonprofit credit counseling service has worked to help San Jose residents in need of debt consolidation and debt relief live free from the weight of heavy credit card and other unsecured debt for over twenty years now! We currently offer residents of San Jose a free, no obligation debt consultation 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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Debt Consolidation Can Provide Relief in San Jose

Debt Consolidation is an Effective Solution in San Jose

The city of San Jose, CA sits uniquely on the edge of the growing Bay Area and the ever advancing Silicon Valley. As a result, the city’s culture absorbs music, technology, and sports as its main components, all in its own style. As San Jose has begun to stand more and more on its own, it’s grown in attraction for young professionals and established families. The city has been deemed a “bright spot” in California for its healthy economic statistics, although the weather is stellar, too.

San Jose indeed has much to brag about. The city has an uncommonly strong job market, employing both those with a higher skill level and education and those with a lesser education and less developed skill set. For this reason, the unemployment rate in San Jose sits far below what is measured nationally. Perhaps because of minimum wage increases, all those employed enjoy wages and salaries considerably higher than national averages. It is even expected to see these continue to increase. With stable incomes, most San Joseans, unlike those in other parts of the U.S., have been able to keep control over their finances including keeping a minimal amount of credit card debt.

Circumstances, however, are not as ideal for everyone. With its gain in popularity, San Jose’s cost of living is becoming more and more difficult to afford. It is a possibility with so many moving into the area, that those currently living in San Jose could be priced out of the housing market. Additionally, a trend has emerged showing the beginning of a decline in employment. It is speculated that with the increase of wages due to legislature, that many employees face job loss or a reduction in hours available to work. If this proves to be true, it would continue to contribute to the poverty rate which sits around 11% as of 2016. With all these factors at play, making ends meets is surely a struggle that some San Joseans will face.

This is not a crisis you have to overcome alone. At Debt Reduction Services, we specialize in free credit and debt counseling which can steer our clients toward more manageable finances. We can develop strategies to get rid of debt either through budgeting or debt consolidation. Once we’ve helped you get back on track, your only worry will be making enough time to enjoy all San Jose has to offer.

San Jose Financial Resources:

CalCPA Financial Literacy Programs and Online Resources

Family Supportive Housing Financial Literacy Program

Work 2 Future Foundation Financial Literacy Classes and Job Training

California Financial Resource Guide