10 Reasons to Consider Debt Consolidation

10 REASONS WHY AMERICANS CHOOSE DEBT CONSOLIDATION Debt isn't a problem unless it reaches the point where you owe more than you earn each month. To regain control of their finances, Americans opt for debt consolidation. HERE ARE 10 REASONS WHY DEBT CONSOLIDATION IS A GOOD IDEA: 2 It reduces your total monthly expenditure. You no longer feel anxious, stressed or depressed about your financial situation. 3 4 You only need to make one manageable, monthly payment. Life with your family and friends is enjoyable once again. The threat of bankruptcy is no longer looming over you. You don't have to answer calls from debt collection agencies 8. Your future job prospects aren't affected by debt It helps you to maintain a healthy marriage with your significant other consolidation 9 10 You don't need to worry about finding the money to pay your bills each month You can focus on other areas of your life AMERICAN HOUSEHOLD DEBT STATISTICS Average credit card debt: $5,100 per person 26% of all debt is from credit cards Average total debt: $10,200 per person Total consumer debt: $2.4 trillion in 2010 1 in 10 people have more than ten credit cards Sources: ALLSTATE http://www.allstatedebtconsolidation.com/credit-card-debt-consolidation.html http://www.money-zine.com/financial-planning/debt-consolidation/consumer-debt-statistics/ http://www.businessinsider.com/alarming-us-consumer-debt-statistics-2011-5?lR=T DebtConsolidation