Colorado Debt Relief Guide
The “Centennial State” boasts low property taxes, low pension taxes, and lack of income tax, making Colorado an attractive place to call home. But with home prices and housing costs skyrocketing at a rapid rate and the same issues with inflation being felt throughout the nation, consumers are getting squeezed. That may explain why Colorado ranks for 11th in consumer credit card debt with an average balance of $5,541.
“Coloradoans are having a rough time with high credit card balances thanks to rising prices and unmanageable housing costs,” explains Gary Herman, President of Consolidated Credit. “Residents need to focus on getting debt-free with no credit card balances hanging over their heads. It’s the best way to combat inflation when it comes to your own household budget.”