Alabama Debt Relief
Debt Statistics – Alabama
It's not uncommon to suffer from debt issues, especially in Alabama.
The state suffers from some of the worst poverty, ranking as the nation's sixth or seventh poorest state (depending on the metric used).
In 2021, the median household income came to $56,929. In comparison to the average national household income in 2021, just over $70,000, Alabama residents earned around $14,000 less than the national income.
According to Experian, in 2021, Alabama residents' average credit score ranked on the lower end of the scale of average credit score ratings in the U.S., scoring an average FICO score of 691. Just consider the average national credit score of 714, that's over a 20-point difference!
In 2021, Alabama witnessed the highest personal bankruptcy filing rate among all 50 states and the numbers are growing every year. For reference, in Alabama 296.44 inhabitants per 100,000 filed for personal bankruptcy, compared to Alaska which had the lowest personal bankruptcy filing rate, 29.75 inhabitants per 100,000.
Debt comes with stress, burnout, poor performance, irritation, anxiety, and additional life obstacles. Additionally, it's not uncommon to feel overwhelmed by the amount of debt incurred and the seeming futility of the debt repayment process. This condition, known as Debt Fatigue, may result in a debtor giving up on making loan payments and overspending again.
If you are experiencing debt fatigue and want to fix it, consider Debt Relief with CuraDebt. Forget your debt issues, make your Debt Relief journey smoother, and take control of your financial situation.
https://www.curadebt.com/alabama-al-debt-relief-useful-solutions-to-your-financial-burden-with-curadebts/
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