Alabama Ranks Tenth in Personal Debt

According to CareOne Services, the state of Alabama ranks number ten in the growing epidemic of personal and consumer debt.

The citizens of Alabama had an average debt of $16,591, a number that included personal and credit card debts. The study did not include any debt due to mortgages.

Although Alabama rated tenth in the country, it was only a little over $3,500 away from reaching the top spot for consumer debt. It was also found that Alabama residents had a 579 credit score and and an average of seven creditors per person.

If you are dealing with personal debt and need help with your financial situation, please contact the Birmingham personal bankruptcy lawyers of Greenway Bankruptcy Law, LLC, today at (205) 324-4000.

Paula GreenwayPaula Greenway

Paula Greenway is a native of Birmingham and has focused her practice on consumer bankruptcy since 1996. She is licensed to practice law in all jurisdictions throughout the State of Alabama. Paula has handled over 5,000 bankruptcy cases ranging in complexity throughout her career and prides herself on being able to come up with creative solutions to her clients’ financial issues.