America’s Sunshine State has seen some major transformation from boom to bust over the past few years. Housing is a major driver of Florida’s economy and the prolonged downturn and even longer recovery has taken a big hit on Florida’s residents. Never before have we seen such a transforming swing from the skyline covered with tower cranes building condominium complex next to new condominium complex to then see entire towers go unoccupied as people flee Florida real estate. As so often happens, the slower economy and depressed home prices have combined to force many to rely on their credit cards for emergency purchases (car repairs, home improvements, medical bills, and other unexpected items).
Using credit cards for emergency purchases when one’s savings are depleted is an option, but what many people are left with are rising monthly credit card bills. The bills can become unmanageable because of the higher interest rates and the lack of funds to pay them down. Many in Florida have seen the costs of goods like gasoline, food, and clothing increase but have not seen an increase in their monthly income. These factors have put a large strain on many and have forced them to seek help with their credit cards. Accredited Debt Relief works with people in Florida and helps review their options and solutions for getting them back on track.