Arkansas Debt Relief Guide
“The Natural State’s” low cost of living, low property taxes, and reasonably priced homes are driving factors for why people call Arkansas home. But much like the rest of the country, home prices are rising as competition stiffens up and inventory declines. Fortunately, unemployment rates are fairly low and Arkansans ranked 37th for consumer credit card debt with an average balance of $4,791.
“Even though Arkansans are handling their credit card balances fairly well, they are still experiencing rising housing prices,” explains Gary Herman, President of Consolidated Credit. “When coupled with the inflation we’re seeing nationwide, it means that people’s budgets are getting squeezed. The best solution is to be completely debt-free with no credit card balances hanging around.”