| September 20, 2011

Fewer Americans have more debt today

While some Americans say they are now carrying more debt than at the same time last year, the number hit its lowest point since April 2009.

In a recent poll, 23 percent of Americans said they’re dealing with more debt, according to Rasmussen Reports. Meanwhile, 37 percent say they owe less, an increase from the previous poll’s total of 31 percent. Another 36 percent say they owe the same amount as last year.

Consumers are also feeling better about the interest rates they pay on their debts, as just 21 percent believe they’re paying more than they did last year, the report said. That is also the lowest such rate observed since the poll began in April 2009. Another 17 percent say they’re paying lower rates. The remaining 56 percent are paying roughly the same.

Many consumers have worked conscientiously to reduce their outstanding debts over the last several months after suffering significant financial hardships during the recent recession. However, recent statistics indicate that many are also once again turning to their credit cards more often, which can quickly add to their debt if spending isn’t under control.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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