Debt Consolidation | News Center |Fast Track Debt Relief
Call Today: 1888-DEBT-004
Follow us on
We work for you.
not for your creditors.
Awarded the eKomi Gold
Seal of Approval!
"The Independent Feedback Company"
Fast Track Debt Relief, Inc.
Friday, February 22, 20195eKomi
They are very experienced in helping us. They made everything clear and exactly how your program worked. They answered all questions and made sure both my husband and myself understood your program...
Fast Track Debt Relief, Inc.
Tuesday, April 16, 20195eKomi
Excellent service, very intuitive and they try to help the best they can do.
Fast Track Debt Relief, Inc.
Friday, July 26, 20194eKomi
Pleasant - very helpful and constantly touching base with me to see if everything is going ok and if I have any questions
Fast Track Debt Relief, Inc.
Wednesday, January 9, 20195eKomi
wonderful customer service eli has been o good and profesional
Fast Track Debt Relief, Inc.
Thursday, August 30, 20185eKomi
EXTREMELY friendly, courteous and helpful. *** was very courteous and helpful. I was skeptical at first, but he let me know everything would work out fine.
Fast Track Debt Relief, Inc.
Tuesday, March 26, 20195eKomi
*** has been very helpful encouraging and assuring to me so I feel confident that we're going to develop a great relationship with your company I look forward to getting these debts off my off my s...
Fast Track Debt Relief, Inc.
Thursday, January 17, 20195eKomi
So for it is very great and I am looking forward to getting all of this debt behind us.First thing I am trusting you all with all of this.Thanks ***
Fast Track Debt Relief, Inc.
Wednesday, January 17, 20185eKomi
This process so far makes me feel so much relief. The staff has been extremely kind and helpful.
Fast Track Debt Relief, Inc.
Tuesday, August 6, 20195eKomi
Very professional, patient , knowledgeable and willing to help in any way possible. I could feel his concern for me in accepting this program to make my life more comfortable. I really enjoy workin...
Fast Track Debt Relief, Inc.
Wednesday, October 10, 20185eKomi
So far I can't say enough about this company especially *** she was awesome
Fast Track Debt Relief, Inc.
Wednesday, June 26, 20195eKomi
It has been great so far I have had alot of information to go over and knowing that I am on my way of becoming debt free lifted a great weight off of my shouldes. Thank you so much for everything. ...
Fast Track Debt Relief, Inc.
Saturday, April 28, 20185eKomi
Great Service,everything was explained to my understanding.
Fast Track Debt Relief, Inc.
Thursday, November 15, 20185eKomi
*** was very good for us. She walked us through everything and was very competent. We were in very good hands & we appreciate her dedication, sincerity & all the time she spent helping us & explain...
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
I was very tentative about reaching out for help with my financial situation. *** from Fast track was VERY understanding and continued to communicate with me every step of the way. She was very rea...
Fast Track Debt Relief, Inc.
Saturday, September 28, 20194eKomi
So far there is a lot of trust on our part, and questions. Hoping and praying this will be great for all involved.
Fast Track Debt Relief, Inc.
Friday, August 31, 20185eKomi
I found that this is probably one of the best experiences I've had dealing with a debt/finance company.
Fast Track Debt Relief, Inc.
Thursday, March 1, 20185eKomi
It was a wonderful experience dealing with *** @ Fast Track Debt Releif. Very helpful in every way. Thanks again
Fast Track Debt Relief, Inc.
Thursday, March 8, 20185eKomi
Fast Track was a pleasure working with. I was really struggling with paying off my debt and they were able to help me lower my payments and pay them off quickly.
Fast Track Debt Relief, Inc.
Monday, March 18, 20195eKomi
My experience as someone who's never done this before was fantastic. Everything was explained clearly and concisely, all my questions answered, and there was no feeling of being duped or lead on. A...
Fast Track Debt Relief, Inc.
Friday, August 3, 20185eKomi
*** was super helpful, kind, and easy to talk
Fast Track Debt Relief, Inc.
Sunday, December 2, 20185eKomi
Everything was great! It was a big relief off my shoulders.
Fast Track Debt Relief, Inc.
Wednesday, January 3, 20185eKomi
To date it has been quick, courteous and mind relieving. Thank you so much for working with me to resolve my debts.
Fast Track Debt Relief, Inc.
Thursday, February 22, 20185eKomi
To whom it may concern, it was a great pleasure working with you and the group. I couldn't have done this without you.
Fast Track Debt Relief, Inc.
Tuesday, April 2, 20195eKomi
Everyone has been very nice and helpful
Fast Track Debt Relief, Inc.
Thursday, April 18, 20195eKomi
Everyone from the very beginning has been very helpful in explaining things and answered all my questions
Fast Track Debt Relief, Inc.
Saturday, September 28, 20195eKomi
Everyone has been very efficient, appear to have knowledge and confidence in their job. They have all been very pleasant, and seem genuinely interested in helping.
Fast Track Debt Relief, Inc.
Friday, September 28, 20185eKomi
Felt so relieved after the first conversation with ***. Cant wait to be sent free soon!
Fast Track Debt Relief, Inc.
Tuesday, August 20, 20195eKomi
My experience with Fast Track Debt Relief has been good so far. I am in the beginning stage. It feels good not to worry with creditors. My phone was ringing every day and evening. Now I have peace ...
Fast Track Debt Relief, Inc.
Saturday, August 18, 20185eKomi
Well the people I'm working with is very professional in the business that's helping me.*** and *** explained very clearly about how this program goes. I'm just starting so once I get into things a...
Fast Track Debt Relief, Inc.
Wednesday, October 24, 20185eKomi
*** ultimately became my financial advisor and did an excellent job with a stressful situation. He pushed it thru quickly and efficiently.
Fast Track Debt Relief, Inc.
Thursday, February 14, 20195eKomi
Gillian was very nice. She helped me understand about my finances and provided ways to solve my financial problems. I would recommend her to anyone who is having financial difficulty. She is awesom...
Fast Track Debt Relief, Inc.
Thursday, January 24, 20195eKomi
I just started with your company, but so far I am very excited and happy that I’m being help by y’all with my debt. If everything I have been told turns out to be true, that will make me a very hap...
Fast Track Debt Relief, Inc.
Friday, August 23, 20195eKomi
*** was so wonderful and very helpful! The enrollment process was very easy to understand and complete. I really feel like the company is there to offer and help and support that you may need.
Fast Track Debt Relief, Inc.
Thursday, August 2, 20185eKomi
*** has been awesome from the first minute I spoke with her. She is very professional but compassionate about my situation. It was always a pleasure speaking with her.
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
The experience was exceptional. The people were very good in the explanation of your services. They even provided information in an email that I printed that explained the process.
Fast Track Debt Relief, Inc.
Thursday, August 30, 20185eKomi
My experience thus has been good it has allowed me to use a new avenue in repairing my credit along with helping my daughters get back on track very professional staff every document was explained ...
Fast Track Debt Relief, Inc.
Saturday, July 14, 20185eKomi
The beginning proceedings over the phone were very easy. *** talked me through everything. But, he was a little condescending towards me for having to go through this process. But, he was nice afte...
Fast Track Debt Relief, Inc.
Thursday, April 5, 20185eKomi
Our experience with this company to this point has been very good. They seem to be very efficient.
Fast Track Debt Relief, Inc.
Friday, March 29, 20195eKomi
Very helpful and I had great customer service.
Fast Track Debt Relief, Inc.
Friday, December 21, 20185eKomi
Fast Track has repeatedly demonstrated the utmost professional detail to my situation and has been above and beyond courteous in all our conversations with diligence to address all of my questions/...
Fast Track Debt Relief, Inc.
Wednesday, March 27, 20195eKomi
I was given a very detailed explanation of everything I needed to know and even things I didn't know I needed to know. All representatives I spoke too took the time to answer all my questions and I...
Fast Track Debt Relief, Inc.
Wednesday, August 8, 20185eKomi
I received an offer in the mail regarding the program. At first, I was a little reluctant but my monthly bill payments were becoming difficult to maintain. After doing some research about the progr...
Fast Track Debt Relief, Inc.
Monday, July 23, 20185eKomi
Excellent services and knowledgeable employees!
Fast Track Debt Relief, Inc.
Thursday, January 10, 20195eKomi
This was the best thing I've ever done. And I felt so at ease once I started talking with a representative. I will highly recommend Fastback to anyone in need of debt relief.
Fast Track Debt Relief, Inc.
Tuesday, May 7, 20194eKomi
So far it's been good. It has kept me from going off ona deep end thus far. It's informative and I pray that the current temple of things remain on such a level. I found you all by way of the inter...
Fast Track Debt Relief, Inc.
Thursday, July 11, 20195eKomi
Answered questions promptly and very satisfactory. Superb friendliness and feel this will help us immensely. Highly recommend
Fast Track Debt Relief, Inc.
Sunday, August 11, 20195eKomi
My call with Ivory was informative and he answered all of my questions. This is a nerve-racking for me as I've never been in this position. I look forward to having regular communication with Ivory...
Fast Track Debt Relief, Inc.
Saturday, August 4, 20185eKomi
Everyone I've been contact with has been very helpful.
Fast Track Debt Relief, Inc.
Thursday, December 20, 20185eKomi
I am just beginning the process, but I am very pleased. They have been so professional and informative.
Fast Track Debt Relief, Inc.
Friday, February 15, 20195eKomi
The employee was very very helpful , he made sure that I understood everything about how the debt consolation worked
Fast Track Debt Relief, Inc.
Monday, July 30, 20185eKomi
My experience with *** was very good actually excellent they're very quick about everything if I had any problems they took care of it right then and there I can call them up and have anything take...
Fast Track Debt Relief, Inc.
Tuesday, September 11, 20185eKomi
Very impress with the pace in which my case was handled. Everyone made sure I understood what was happening and what was going to happen.
Fast Track Debt Relief, Inc.
Thursday, August 29, 20195eKomi
They were very professional and helpful. *** has been extremely helpful in answering any questions that we may have had. She was also patient with us as she explained the process of what was going on.
Fast Track Debt Relief, Inc.
Thursday, March 7, 20195eKomi
So far my experience has been great. Although we just got started, I feel confident I've made the right move.
Fast Track Debt Relief, Inc.
Tuesday, August 28, 20185eKomi
*** was great. Knew what she was doing. Very persistant but it worked. First, i said no then an hour later, it was yes.
Fast Track Debt Relief, Inc.
Monday, October 22, 20185eKomi
Our experience has been wonderful with ***, he is great so glad we contacted him
Fast Track Debt Relief, Inc.
Monday, October 1, 20185eKomi
So far she has been great ,looking forward to seeing my credit score. *** was very persistent. very convincing. So she won be over.
Fast Track Debt Relief, Inc.
Monday, February 18, 20195eKomi
Everyone I spoke with was very helpful and professional, Feel I'm in very good hands. Thanks so much.
Fast Track Debt Relief, Inc.
Thursday, February 1, 20185eKomi
The experience with Fast Track has been very easy and *** was very nice and professional, she made sure that I understood everything upfront.
Fast Track Debt Relief, Inc.
Friday, April 12, 20195eKomi
*** was very help with walking me thru the steps. She returned calls and followed thru with answering questions thru emails ect. What she couldn't answered she would find out while holding only a f...
Fast Track Debt Relief, Inc.
Friday, April 5, 20195eKomi
Everything was easily explained and answered. The process so far has been quick and easy! I am very much looking forward to being debt free without the stress!
Fast Track Debt Relief, Inc.
Tuesday, June 4, 20195eKomi
My Rep *** was patient in understanding my situation and determined to help me find a resolution for my debt
Fast Track Debt Relief, Inc.
Saturday, April 27, 20195eKomi
*** is awesome. She was extremely helpful and informative. Always responded inmediately to my questions and concerns
Fast Track Debt Relief, Inc.
Friday, April 12, 20195eKomi
*** was magnificent. She never lost patience with a senior citizen and was very polite and reassuring. Thank you !
Fast Track Debt Relief, Inc.
Friday, December 7, 20185eKomi
Very good so far, staff is very professional.
Fast Track Debt Relief, Inc.
Wednesday, January 16, 20195eKomi
My experience with fast track has been very good, I would highly recommend them to anyone that is in a financial crisis like I was. Very friendly service and answered all my questions that I had an...
Fast Track Debt Relief, Inc.
Wednesday, September 26, 20184eKomi
It has been a very positive experience so far. The people I have spoken and met with have been very friendly. I did not feel pressured in any way and they were very patient and forthcoming concerni...
Fast Track Debt Relief, Inc.
Friday, July 20, 20185eKomi
My experience thus has been excellent. *** made me feel comfortable and confident throughout the entire process.
Fast Track Debt Relief, Inc.
Saturday, December 1, 20184eKomi
Fast Track did a very understandable and thorough job in explaining the program and ansewered all my questions.
Fast Track Debt Relief, Inc.
Tuesday, January 8, 20195eKomi
*** explained everything that I needed to know, and made the process simple and easy.
Fast Track Debt Relief, Inc.
Thursday, May 30, 20195eKomi
My experience thus far has been amazing, I’m just hoping that things remain as easy going and professional as they have been.
Fast Track Debt Relief, Inc.
Thursday, January 10, 20195eKomi
My adviser was very helpful and respectful. Assured me success with the program.
Fast Track Debt Relief, Inc.
Friday, October 12, 20185eKomi
*** was very patient and not pushy during the process. I finally feel like a load of stress has been lifted off of me.
Fast Track Debt Relief, Inc.
Friday, October 5, 20185eKomi
Awesome experience with this office just wonderful .when I was at my lowest point .They took care of me.
Fast Track Debt Relief, Inc.
Wednesday, January 9, 20195eKomi
So far so good, l have just started but I'm liking the outcome so far.
Fast Track Debt Relief, Inc.
Tuesday, December 18, 20185eKomi
Everyone involved in this process put me at ease and explained everything in detail with no tricks or underlining fees. They have my back and now I can breath a little easier. Thank you.
Fast Track Debt Relief, Inc.
Sunday, March 4, 20184eKomi
It was a pleasure to find that there is some one that still help the one that really need it. And take the time to listen and to exlpain thing so that you can understand.
Fast Track Debt Relief, Inc.
Monday, May 6, 20195eKomi
Very friendly and helpful. Explained everything about the program in simple terms. Received emails with all the paperwork within minutes of the phone calls. She kept in touch with me everyday by ph...
Fast Track Debt Relief, Inc.
Tuesday, April 30, 20195eKomi
*** was fantastic. She followed up with me and guided me on what to expect. She answered all of my questions and I appreciate her and her time.
Fast Track Debt Relief, Inc.
Thursday, May 9, 20195eKomi
*** is amazing! She was informative, funny, compassionate and most of all, knowledgeable about the entire process. She was so amazing from the initial e-mails, to the finished & signed paperwork. T...
Fast Track Debt Relief, Inc.
Tuesday, April 3, 20185eKomi
Just like they say debt relief. I can't wait for that feeling because that's the way they make me feel. They make you feel very comfortable and help you understand the system how it's work.
Fast Track Debt Relief, Inc.
Thursday, April 12, 20185eKomi
I am satisfied with the information provided by the costumer service rep he took out the time to explain to me in details and made sure that I understood the process of consolidating my credit cards.
Fast Track Debt Relief, Inc.
Friday, August 30, 20195eKomi
So far, this experience has been enlightening and helpful in light of my financial mess. *** is the specialist I deal with and she is knowledgeable and informative. I have not talked with th3 law f...
Fast Track Debt Relief, Inc.
Thursday, April 4, 20195eKomi
Fast and easy, very friendly staff so far.
Fast Track Debt Relief, Inc.
Friday, September 21, 20185eKomi
Professional and extremely helpful. Recommend to anyone who is in financial distress.
FAST TRACK DEBT RELIEF ADVICE BLOG
OCT 29, 2018, MONDAY
Why Do People Get into So Much Debt?

Americans are extremely indebted as a population. In fact, roughly 73 percent of Americans consumers have debt when they die. The average debt per person in this category dies with about $62,000 in debt.

Debt is a major problem in the United States. However, it is not just citizens that are highly indebted. The United States itself has roughly $21.49 trillion in debt. With so much debt in this nation, this blog is going to look at the top sources of debt for Americans to understand why we are getting into so much debt.

 

Mortgages

Mortgages are the largest source of debt for American citizens. The average American household has a mortgage debt of about $182,000. Collectively, Americans owe about 8.94 trillion in mortgage debt. This is an extremely large amount of money and it is larger than the total GDP of almost every nation in the world except a handful. Owning a home is a part of the American dream. Most people simply want to have their own houses and build up equity over time in their home instead of paying rent to a landlord.

A home is a great thing to own once the mortgage is paid off. However, mortgage loans are often the largest sources of debt for American families. So, they can be a burden as well, even if the home is really nice and provides a lot of happiness. Luckily, debt relief help is available for people who are struggling to pay their mortgages.

 

Student Loans

Student loans are the second largest source of debt for American citizens. The average American household has roughly $50,0000 in student loan debt. Part of the reason why this is the case is because the price of going to college has risen astronomically in the past few decades.

In fact, attending a good college or university in the United States can now easily cost $40,000-$50,000 per year. Going in-state to a public university can reduce these costs significantly. However, college is still extremely expensive in America and more people are going to college than ever before, despite the rising prices. The percentage of high school students in the U.S. who attend college after graduation is now about 70 percent.

 So, with college being so expensive and with so many people now attending college, it is easy to see why student loans have become the second largest source of debt for American citizens. And with so many employers seeking students with advanced bachelor’s or master’s degrees, this problem does not seem to be going away any time soon.

If you are in a situation where your student loan bills are way too high, there are some things that you can do to lower your student loan bills. These things are worth looking into.

 

Auto Loans 

Auto loans are the third highest source of debt for American citizens. The average American household owes about $29,000 in auto loans. Part of the reason why auto loan debt is so high in America is because many people in the United States like to buy brand new cars or cars that are close to being brand new.

Newer cars tend to be safer, more technologically advanced, more visually appealing, and are more of a status symbol then many older cars. So, they are extremely tempting for many people to buy. However, they are also significantly more expensive. Cars also tend to depreciate over time, meaning that generally speaking, they cannot be sold for anywhere near the purchase price. This is unless they become collector cars such as vintage mustangs from the 1960’s.

New cars lose an average of about 60 percent of their value in the first five years. So, many people get into financial trouble when they take out an auto loan for $30,000, and their car is only worth a fraction of that price a few years later. If you are struggling to pay your auto loan back, then this is one of the top signs that you have too much debt.

 

Credit Cards

Credit card debt is the fourth highest source of debt for American citizens. The average American household owes roughly $17,000 in credit card debt. While this debt may seem significantly lower than mortgages, student loans, or auto loans, credit card debt can actually be some of the hardest debt to pay off. This is because credit card debt tends to have some of the highest interest rates.

In fact, the average APR on credit cards in the United States is about 12-15 percent. As a point of reference, the average APR for mortgages is around 4-5 percent. So, credit card debt can be extremely difficult to pay off, even if the amounts are lower than other forms of debt. This is just because higher percentages of the payments end up going to interest than to principal. If you have ever had a significant credit card debt, then you probably know exactly what we mean when we say credit card debt can be tough to pay off.

There are many downfalls of being illogical with money, and unfortunately, many people only learn this after they have accumulated too much credit card debt. You should try to avoid generating a large amount of credit card debt to protect yourself financially, if possible.

Post by month
November 2019 (2)
October 2019 (4)
September 2019 (5)
August 2019 (4)
July 2019 (5)
June 2019 (4)
May 2019 (4)
April 2019 (5)
March 2019 (4)
February 2019 (4)
January 2019 (5)
December 2018 (4)
November 2018 (4)
October 2018 (4)
August 2018 (2)
July 2018 (5)
June 2018 (4)
May 2018 (5)
April 2018 (4)
March 2018 (5)
February 2018 (4)
January 2018 (4)
December 2017 (4)
November 2017 (4)
October 2017 (4)
September 2017 (4)
August 2017 (4)
July 2017 (4)
June 2017 (4)
May 2017 (4)
April 2017 (4)
March 2017 (4)
February 2017 (4)
January 2017 (3)
December 2016 (3)
November 2016 (4)
October 2016 (4)
September 2016 (4)
August 2016 (4)
July 2016 (4)
June 2016 (5)
May 2016 (4)
April 2016 (4)
March 2016 (4)
February 2016 (5)
January 2016 (4)
December 2015 (4)
November 2015 (5)
October 2015 (6)
September 2015 (4)
August 2015 (4)
July 2015 (4)
June 2015 (5)
May 2015 (9)
April 2015 (8)
March 2015 (8)
February 2015 (8)
January 2015 (8)
October 2014 (5)
Loading
RECENT POSTS
Testimonials
"Fast Track's Debt Relief financial specialists can give business owners the peace of mind that comes with knowing that the effort has been made to have business debt problems finally settled with Fast Track's help."
Rebecca G.
"The staff was great. They treated me with the upmost respect and answered all of my questions in a timely manner. Thank you!"
Janet A.
"Thank you so much. I never meant this to happen. I felt so bad inside; I always tried to pay my bills. Thank you for all of your help. I do not ever want more credit cards."
Ginger J.
"Thanks so much for your help!! I am so glad this is all over!!"
Melissa H.
"The people of Fast Track are very concerned with the client. They are life changing in our case. Thank you."
Joe L.
"Thanks to all your staff; for the many girls and boys I've alked to. They were always so helpful to answer all of my questions and concerns. I would highly recommend this company to help others in need. Thanks again!"
Tanis P.
By submitting, you agree that the phone number you are providing may be used to contact you by Fast Track Financial (including autodialed and prerecorded calls or text/SMS messages). Msg. and data rates apply. You are not required to opt in as a condition of purchase.