Arizona Debt Relief Guide
In the early days of the state, Arizona’s economy relied on the five C’s: Copper, cotton, cattle, climate and citrus. Today Arizona produces nearly two-thirds of all U.S. copper, while also being a top five leading cotton state. And with over three-hundred days of sunshine and the Grand Canyon, Arizona still pulls in tourists and snowbirds. But much like the rest of the U.S., Arizona was heavily affected by the pandemic. Arizona ranked 22nd in 2020 for an average credit card balance of $5,157.
“Phoenix has seen a rapid rise in demand for housing while facing property shortages, which is causing an increase in pricing,” says Gary Herman, President of Consolidated Credit. “On top of already facing a higher-than-average unemployment rate, minimizing or eliminating debt has become an ever-present cause for concern for Arizona residents.”