Debt Management on Mobile - An Overview

Debt Management on Mobile - An Overview

If you are neck-deep in consumer debt, rest assured you are not the only one. As per the data from U.S. Federal Reserve, American households carried $1.07 trillion in terms of total credit card debts and $8,402 per household as in May 2019. Furthermore, the total Outstanding Consumer Debt in the United States is $3.9 trillion and the total U.S. revolving debt amounts to $1.03 trillion. Medical debt seems to be a growing issue in the United States with numerous Americans going through incredible financial instability, distress, and even bankruptcy. We understand that overall, Americans spend almost $3.5 trillion specifically on health care every year. Moreover, the U.S. average student debt is $32,731,while the total student loans amount to $1.52 trillion.