As 2019 came to an end, most Americans were already struggling with debt. Now, with the COVID 19 pandemic, many of us are drowning in debt more so than ever before.

I want to tell you that it’s okay if you’re in debt, because I am here to help you! If you know anything about me, it’s that I simply want to help get you out of debt and empower you!

The Treasury Department says that the consumer debt in America is well over 14.2 trillion dollars and growing.

Almost every single person in this country is in debt. In fact, there are many people that aren’t even American citizens that owe some form of debt in this country. With Coronavirus causing more people to live off of borrowed money, consumer debt is well over $14 Trillion (with a T!)

Some people are able to pay this debt off properly. Some people struggle but they manage to get by. But what about people who simply cannot pay their debts at all? Well, for them, there are a few options.

These days consumer lending is a way of life. Your credit score will directly affect whether or not you can get a loan and what interest rate you will pay for borrowing that money. Credit scores can also affect many other aspects of your life:

Some property managers won’t let you move in without a credit check
You can’t work at certain jobs if you have poor credit

A majority of Americans’ credit scores are impacted by credit card debt. Why is this true? Well, 189 million Americans have credit cards. And a HUGE majority of those cards are in use right now.

In fact, the average credit card debt per household is around $9,000 as of the last count. However, those calculations were before Covid-19 which likely has many people living on borrowed money at the moment.