America’s love affair with debt is starting to be a problem.
Consider: Average total debt per American with a credit file stood, in September 2013, at $37,952 in mortgage debt and $15,898 in non-mortgage debt, according to a new study by the Urban Institute, a nonpartisan think tank in Washington, D.C. And if that wasn’t bad enough, more than one in three Americans have debt in collection.
No doubt many of these and other Americans, young and old, are wondering whether it make sense to use a credit counseling agency, or to seek other ways to reduce their debt. But how should they go about finding such help?
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