Chicago, IL (PRWEB) January 19, 2014
The goal of BestDebtConsolidationLoans.org is to provide consumers with an unbiased review of the options available to help them achieve debt relief and avoid scammers.
In accordance with this, the company has done an independent review of the various credit consolidation loan programs available to debt-ridden consumers in the state of Illinois. It is now announcing the three debt consolidation loan companies that scored highest in its rankings. They are National Debt Relief, CuraDebt and American Debt Enders.
The people in Illinois get into debt trouble from time to time. Some of this is caused by the general state of the economy and specifically Illinois’ unemployment rate. As of November 2013, it was 8.7%, which made it the 48th worst among all 50 states behind only Nevada, Michigan and Rhode Island. Illinois’ three largest cites, Chicago, Aurora and Rockford have been even harder hit. This is especially true of Rockford where the unemployment rate is 12.6%, meaning that nearly one out of every eight workers in Rockford is unemployed. The city of Aurora fares better with an unemployment rate of 8.4% but Chicago’s remains high at a dismal 10.09% making it the 74th worst city in the US for unemployment.
Illinois’ total workforce as of November of last year was 6,523,200 meaning that there were approximately 567,000 unemployed workers at that time.
To make matters even worse, Illinois residents have an average credit card debt of $ 5,266, which is substantially higher than the national average of $ 4879 per borrower. On a brighter note, Illinois residents have an average credit score of 726, which is a bit better than the U.S median credit score of 723 and better than the average FICO credit score of 689. It’s median household income is $ 51,730 and 69.7% of its residents own their homes.
When you couple high unemployment rate and high credit card debt with poor personal financial mismanagement it becomes clear why the people of Illinois are having a problem with debt. Dealing with big debt can be very serious. And getting out of it can be difficult. Debt Consolidation Loans assures consumers that there are, in fact, ethical and trustworthy companies that can help them become debt free.
The Best Debt Consolidation Loans personnel who reviewed credit consolidation loan companies in Illinois considered six different factors in selecting the top three companies. They were customer service, its fees, debt solution options, consumer satisfaction, business ethics and financial standing.
The reviewers awarded the top spot to National Debt Relief. It came out on top due to its high consumer satisfaction and reasonable costs. The company works with consumers who have more than $ 7500 in debts and provides them with custom-tailored credit consolidation programs. One of the chief reasons why National Debt Relief is such a trusted company is because it has maintained an A rating with the Better Business Bureau for many years. National Debt Relief is also a very ethical company in that it does not charge a cancellation fee, which makes the company very appealing to first-time consumers who are almost always very satisfied with the debt relief services they receive. For that matter, National Debt Relief charges consumers no fees until it has satisfactorily settled their debts and provided them with a payment plan they approve.
BestDebtConsolidationLoans.org awarded second place to CuraDebt. This company provides its services to consumers with more than $ 10,000 in credit card obligations. The company has strong working relationships with the credit card companies and is able to get consumers the results it promises. CuraDebt offers flexible credit card consolidation programs that go beyond debt reduction. In addition to dealing with credit card debt, it can also help with student loans, tax debts and defaulted loans.
Third place went to American Debt Enders. This company has been in business since 2007 and is known for providing debt relief to consumers who have more than $ 5000 in debt. The company’s well-trained debt experts can handle almost all types of credit problems. Even those consumers who need help in improving their credit scores can get it from American Debt Enders.
Illinois residents, who would like to learn more about these three best credit card debt consolidation loan companies, should visit http://www.bestdebtconsolidationloans.org.