Greensboro is the 3rd largest city in NorthCarolina and includes the metro area of Greensboro and HighPoint. ABout 300,000 people call Greensboro home and over 700,000 people live in the metro area. With an economy traditionally based on textiles, tobacco and furniture construction, this area had suffered from severe economic problems. A number of large companies have moved in and have helped turn the city around.
However, poverty and debt are part of life in Greensboro. There is a lot of need for debt relief in Greensboro.
The median household income in Greensboro is $41,518. As of 2020, the minimum wage is $7.25 per hour. Approximately 30% of Greensboro children live in poverty. For residents overall, 16.8% of all people in Greensboro live under the poverty level. This poverty rate is higher than the state average of 14.7%.
Less than half (48.4%) of people in the metro area hold a mortgage. The median home price in Greensboro is $161,705 (2020). Homeownership is affected by low wages and higher housing prices. Rent in Greensboro averages $917 a month.
Greensboro has over 1,000 homeless people based on recent counts.
As of January 2020, the unemployment rate was 5%, compared to a state unemployment rate of 4.0%. The state estimates that 18.2% of workers are underemployed. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.
Greensboro residents carry a lot of debt. Greensboro residents have an average credit card debt of $6,296 (2019). Almost 30% of North Carolinians have medical debt they cannot pay. The average student loan debt is $35,687.
Debt consolidation and debt settlement are options in Greensboro. You’ll find more information in the next few sections.
If you are one of the many people in Greensboro that need help with debt, there are a number of options. Debt relief in Greensboro is available from both non-profit and for-profit agencies.
If you need more help, consider calling Pacific Debt, Inc for more information. Pacific Debt Inc is one of the leading debt settlement companies in the US and we have consistently been named one of the best for years. This year, we earned two #1 rankings for our customer service. We help you understand your options and whether or not debt settlement is your best option. If it is not, we can refer you to a trusted partner who may be more appropriate for your situation.
If you’d like more information on debt settlement or have more than $10,000 in credit card debt that you can’t repay, contact Pacific Debt, Inc . We may be able to help you become debt free in 2 to 4 years and we’ve settled over $300 million in debt for our customers since 2002.
Once you’ve completed our debt settlement program , your financial situation should start to improve. You’ll then be able to take the money you once had to pay towards your debt, and be able to use it for other purposes like saving, investing, retirement, etc.
Pacific Debt, Inc is accredited with the Consumer Debt Relief Initiative (CDRI) and is an A+ member of the Better Business Bureau . We rate very highly in Top Consumer Reviews, Top Ten Reviews, Consumers Advocate, Consumer Affairs, Trust Pilot, and US News and World Report.
For more information, contact one of our debt specialists today. The initial consultation is free, and our debt experts will explain to you all your options.
North Carolina’s statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.
For debts taken out in North Carolina, the following are the statutes of limitations for different types of debt.
North Carolinians are protected against unscrupulous debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices. In addition, the North Carolina Fair Debt Collection Practices Act (NCFDCPA) adds protections against more types of collectors and actions. If you are a victim of any of these actions, you may take legal action against them.
Overall, debt collectors can NOT:
Debt collectors must:
Bankruptcy is a legal action that can erase most of your debt, and your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Texas.
Persons filing for bankruptcy must:
Pacific Debt has helped thousands of people reduce their debt. Since 2002, we've settled over $500 million in debt for our clients. Contact us today to see how we can help.
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*Clients who make all their monthly program deposits pay approximately 50% of their enrolled balance before fees, or 65% to 85% including fees, over 24 to 48 months (some programs lengths can go higher). Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on prior results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. We are not a credit repair firm nor do we offer credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. We are licensed where we engage in business. NMLS # 1250953. The use of our services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S. 12-03825.