North Carolina Debt Relief Guide
The “Tar Heel” state has both suffered and grown during the past few years.
A long-term decline in local manufacturing has hit small towns and communities particularly hard. Meanwhile, larger cities have done very well, fueled by a boom in financial and technology industries. Those sectors have continued growth despite the pandemic.
But there is a great deal of poverty and long-term unemployment in the state.
“The story for North Carolina technology and banking workers is great. But households in the manufacturing and agriculture sectors are struggling,” Gary Herman, President of Consolidated Credit, stated. “People and families who are facing challenges like reduced income or unemployment must focus on paying down debt and increasing their savings. That way, they can achieve and maintain financial stability even in the face of potential economic challenges down the road.”