Getting out of debt in 2020

How to Get Out of Debt in 2020

Debt is an on-going problem for almost every American. Adding together credit cards, student loans, personal loans and other types of debt, except mortgages, the average American owes $38,000! The average amount of credit card debt alone is $6,850.  Getting out of debt and saving money is a common New Year’s resolution. If this is one of yours, you need a plan – it won’t happen magically. Let’s take a look at ways to pay down your debt and increase your savings. Speak to a debt expert who can explain all of your options for FREE. Step One: Understand Where […]

What does debt to income ratio mean and what should yours be

What Does Debt to Income Ratio Mean and What Should Yours Be

If you are applying for loans, you may have heard about debt to income ratio. Your loan rates and even the possibility of getting a loan is based, in part, on your debt to income ratio. It is also a way to see if you are financially healthy. The short version is, the lower your debt to income ratio, the better off you are. Speak to our debt experts for free so they can explain your options to you. What is Debt to Income Ratio? The debt to income ratio looks how much you owe versus how much you earn. […]

What are the Different Types of Debt

What are the Different Types of Debt?

Debt is a nightmare for most Americans. Sometimes it seems as though debt is as inevitable as death and taxes. The average amount of household debt is over $100,000. But did you know that some debt is actually considered good? Let’s take a look at debt and how it affects the average American. What is Debt? The simple definition of debt is the amount of money borrowed to allow for purchases. If you look at Americans by age, you’ll find that each age group has a unique debt structure. People under 35 average about $67,400 in debt with 20% of […]

BACK
Free Consultation
close slider

See How Much You Can Save


Start saving today! Get a personalized plan from Pacific Debt, the leader in debt relief with an A+ Rating from the BBB.


How much debt do you have?

Click to estimate

See Savings

100% free savings estimate and will not affect your credit