Known for its beautiful farmlands and the Iowa State Fair, the Hawkeye State has experienced its share of economic growth in recent years. Many Iowans have also experienced the effects of debt and are looking for ways out. If you are still trying to overcome your debt after trying to handle it on your own, Accredited Debt Relief may be able to help.
Iowa Finances at a Glance
- Iowans have the lowest average credit card debt in the country, carrying an average of $6,726 on their cards.
- Iowa's debt-to-income ratio is 1.148.
- As a whole, the Hawkeye State is more affordable than other states in the US, but residents of Iowa City, Ames, Hiawatha, Coralville and Grinnell have a higher cost of living than their neighbors.
Why Getting Out of Debt Should Be Your #1 Priority
When you are deep into debt, it can feel impossible to make plans beyond your next minimum payment. The worries that come with balancing multiple bills and dealing with creditors can have a negative impact on your life, and you’re likely not able to put aside money for your emergency fund or towards your future financial goals. Paying off your debts can reduce your overall stress and allow you to invest in the things that matter the most to you, like retirement, home repairs, preventative healthcare, and your vacation fund.
If you are having trouble paying off your debts on your own and considering bankruptcy, working with a debt relief company may help you overcome your debt sooner.
Iowa Debt Consolidation
With accreditation and an A+ rating from the BBB, Accredited Debt Relief has been proudly offering their debt relief services to clients throughout the US, including Iowa. Whether you’re in Des Moines, the Quad Cities, Iowa City, Cedar Rapids, Sioux City, or elsewhere in the state, we’re happy to review your financial situation and discuss your options. Contact us today for a free consultation.
Chamber of Commerce: https://www.chamberofcommerce.org/credit-card-debt-by-state
Federal Reserve State Level Debt-to-Income Ratio, 1999 - 2018: https://www.federalreserve.gov/releases/z1/dataviz/household_debt/state/map/#year:2018