January 31, 2012

More Middle-Income Borrowers Seek Debt Help

Debt counselors report more demand from middle-income consumers.
“The average income for consumers seeking debt-management plans is rising, according to Credability, an Atlanta-based nonprofit. Clients entering such plans had average income of $54,000 last year, up from $43,000 in 2007, the group said. High unemployment and the struggling housing market are likely driving the shift, said Mark Cole, executive vice president at Credability.” by Ann Carrns for The New York Times
http://bucks.blogs.nytimes.com/2012/01/30/more-middle-income-borrowers-seek-debt-help/
The Housing and Financial Counseling Service at the USU Family Life Center (493 North 700 East in Logan) provides very low cost financial counseling and educational workshops. For appointment call 435-797-7224. Check out their website which includes helpful worksheets, and their workshop schedule: http://www.usu.edu/fchd/housing/

1 comment:

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