Pacific Debt has helped countless people living in Hawaii reduce their debt substantially. Since 2002, we’ve settled over $200 million in debt for our clients. Contact us today to see how we can help.
Here at Pacific Debt, we carefully go over your financial situation to customize a debt settlement program that fits your budget. Our debt management plan is aimed at helping those who have their backs against the wall and are having a hard time making minimum payments, or any payments at all!
Julius was great to work with. He reached out to me quickly and guided me thus far thru the debt consolidation process. Julius is kind, courteous and maintained professionalism throughout the process. I am awaiting my package and for a client representative to call me in a few days. I can’t wait to start rebuilding my credit and being able to save a little money for important things I need for my family and myself. Kindness goes a long way with me and I really am less stressed right now.. well since this morning after spending time with Julius. Thank you.
I signed on online for a debt relief program. I got a call from Jessica right away. We spoke a few times and ended up speaking to Jennifer the following day. I was hesitant at first. Jennifer explained the whole program. She wasn’t pushy about signing up. She gave me some time to think about it when I asked. After sleeping on it, I decided to sign-up. Jennifer was very helpful. Hopefully everything will work out and I can breathe again.
It took me a while to call in and take that first step to clear up my credit. I was very reluctant to call. However, after talking to Richard, I felt a whole lot better about my situation. Although I am just starting, I feel that this is going to work for me.
Hawaii is an island paradise.As of 2018, over 1.4 million people called Hawaii home. Honolulu is the largest city and about ½ the state’s population live there. Hawaii is ranked #40 for population and #13 for population density.
Hawaii generates most of its economy through tourism. However, agriculture’s leading crops of sugarcane and pineapple are also the leading ingredients in the manufacturing sector. Hawaii has a rich cultural life and a long and fascinating history.
Income in the State of Hawaii
The median state income in Hawaii is $74923. As of 2018, the minimum wage is $10.10 per hour. Unfortunately, 11% of Hawaiian children under 18 live in poverty. For residents overall, 9.5% of all people in Hawaii live under the poverty level.
Median state income: $74,923
Minimum wage: $10.10/hour
Children in poverty: 11%
People in poverty: 9.5%
Homeowners in Hawaii
More than half (58.1%) of Hawaiians hold a mortgage. The median home price in Hawaii is $617,900 (2019). Of course, that median price depends on the location with some areas being much higher.
Homeowner rate: 58.1%
Median home price: $617,900
Hawaii Employment Rate
Hawaii has a current unemployment rate of 2.1%. However, the underemployment rate is 6.0%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time, or are not seeking employment.
If this is you, we can help. Pacific Debt offers Hawaii debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget and explain your options.
Unemployment: 2.1% (2018)
Underemployment: 6.0% (2018)
Hawaii Debt Statistics
Hawaiians carry a lot of debt. The average credit card debt is $8,315 (2018). The average student loan debt is $35,125. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Hawaiians to get into debt.
Avg credit card debt: $8,315 (2018)
Avg mortgage debt: $342,613 (2017) (Third highest in the US)
Avg student loan debt: $35,125 (2018)
Hawaii Statute of Limitations
Hawaii’s statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.
For debts taken out in Hawaii, the following are the statutes of limitations for different types of debt.
Oral agreements: 6 years
Written contracts: 6 years
Promissory notes: 6 years
Credit cards and other revolving loans: 6 years
Debt Consolidation Hawaii
If you have more debt than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt-free. Since 2002, we’ve settled over $200 million in debt for residents of Hawaii. We are a nationally top-ranked debt relief company that helps Hawaii Residents reduce their unsecured debt substantially.
We will help you work through our proven and comprehensive debt relief program. Your certified debt relief counselor will review all your options. If debt settlement is right for you, we move forward with our debt consolidation program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, medical bills, and repossessions.
It is not an easy process and it won’t happen overnight, but you can do it. Pacific Debt will be there every step of the way to help.