Nebraska Debt Consolidation Programs

While Nebraska's unemployment rate is the lowest in the country at 2.8%, a great many residents still struggle to pay all their bills each month.

Based on Freedom Debt Relief’s June Credit Card Utilization Data, the average credit card utilization of people looking for debt relief in Nebraska is 74%. By comparison, per Experian, the average credit card utilization in the US in 2021 was 25%. High credit card utilization, in general, implies a greater likelihood of needing debt relief services.

Find Your Solution

If you’re growing debt instead of savings and finding it hard to catch up, there are a variety of paths that can reverse this situation and help you achieve financial freedom. Depending on the amount of debt you owe and other financial details unique to your situation, there are several solutions to choose from:

• Debt Consolidation

• Credit Counseling

• Debt Management Programs (DMP)

• Debt Settlement

Debt consolidation

is a popular solution because it’s a good fit for a wide range of financial situations. It can be used to combine debt from credit cards, medical bills, payday, student, or tax loans. However, this method is most commonly used to pay off credit card debt. Debt consolidation is especially effective for paying off high interest rate cards, since the loans typically come with a lower interest rate than most cards.

Credit counseling

can give you the tools you need to get your finances under control. It can help you put processes in place to ensure you make mortgage, credit card, and other payments on time, while growing your savings as well. It can also be effective for consumers unsure of how to approach their creditors about negotiating payment plans or settling their debts.

Debt management programs

can be a smart debt-relief strategy for some consumers. If you’ve consulted with a credit counselor, they may propose a plan that will allow you to consolidate your debts into one monthly payment with a lower interest rate. If you enroll in a DMP, you can expect your debt to be cleared within three to five years.

Debt settlement

, also known as debt resolution or debt negotiation, could be a good choice if you’re struggling with a large amount of unsecured debt from credit cards, medical bills or student loans. If you’re having trouble keeping up with the minimum payments on your cards and certain other loans, and you’re considering bankruptcy, debt settlement could be the right solution.

Request a free debt evaluation to find out how we could help you:

• Resolve your debt faster
• Significantly reduce what you owe
• Make one low monthly program payment

Solve Your Debt Problem

No one enjoys worrying about mounting debt. If you’ve decided it’s time to do something about your situation, that’s good, but it can feel overwhelming to sort through the different options. That’s when it’s time to speak with the experts. Freedom Debt Relief has Certified Debt Consultants available to help. With a simple phone call to get started, they’ll take you through a range of strategies to help you determine the best way forward. Don’t wait any longer. Discover whether debt consolidation or one of the other solutions is the answer to your debt problem today. Start your journey toward financial freedom. Get in touch with Freedom Debt Relief or call 800-910-0065 now for a free debt consultation.