America’s Debt Crisis

Hands opening empty wallet in front of American flag.

As of March 2018, the U.S. national debt topped $21 trillion.

Let that sink in for a minute.

Comparably, the total household consumer debt in the U.S.A. was $13.5 trillion at the same time. The biggest ticket item comprising consumer debt in America? Mortgages. Next in line are credit cards. U.S. consumers have racked up more than $1 trillion in credit card debt alone!

To give you a reference point, consider a house worth $200,000. How many could you buy with just the $13.5 trillion in consumer debt? 67,500,000 houses! That’s about half of the households in the nation.

Questions of blame aside, the problem of debt for the average American is enough to create stress and even keep people up at night. Adding to that stress are rising costs, changing job markets and the evolution of the financial landscape and a sense that life is “accelerating.” Americans are suffering in the age of acceleration. Many may find themselves in a financial predicament—late on bills, avoiding calls from collectors, or worse—seeing liens or repossessions on the horizon.

Life doesn’t have to stay this way. These problems are symptoms of a lifestyle gone wrong. It may be unpopular advice, but not everyone can afford a Porsche. Examine the “Porsches” in your life — what excess expenses neither add real value to your life nor a justifiable benefit?

This is the beginning of shifting the way you interact with money. Money is a tool to be wielded, not a master unto itself. At CreditGUARD of America, our certified credit counselors can show you how to leverage your current resources, no matter your present level of financial despair.

The good news?

With our non-profit debt management program, we can help you get out of debt more quickly than you would floundering for years, struggling to make those minimum payments. In many cases, we can negotiate with creditors to lower or even eliminate a portion of the interest owed on the accounts. You pay one monthly bill and we disburse funds toward your debts. At the same time, you’ll receive support and financial education to help you better manage your finances and your life moving forward.

Again, debt is a result. Debt is a symptom. Treating the problem requires a behavioral shift, a lifestyle shift. It won’t be easy, but with help, your goals are achievable. You can rebuild. You can have a life and a future that you’re proud of! Take the first step towards a stable financial tomorrow by calling one of the certified credit counselors. Call CreditGUARD Today at 800-500-6489!


Call Credit Guard Today!