Debt
Consolidations and Zip Codes
So can you avoid debt issues if you change your zip code?
Believe it or not – it seems to. For some reason where you live
is directly proportional to how much debt you have and what your
likelihood is of needing something like a debt consolidation
loan or a bankruptcy. A recent study showed that by moving you
can increase or decrease your need for a debt consolidation
loan.
The study shows that if you live in a city that has low
unemployment rates, affordable housing, job growth, etc. that
you stand a better chance of not needing a debt consolidation or
any debt assistance at all. But it also showed that if you live
in an area that has a lot of unemployment, unaffordable housing
and no job growth that you are going to be more likely to get
into financial trouble.
The magazine Kiplinger’s has listed the top places to live in
the US that take into consideration the various factors of
employment, crime, etc. and decides which ones are best. Austin
came out as the best place to live. Seattle came in second,
Washington DC, Boulder, CO, and Salt Lake City, Utah. They
based their scores on cities that had low unemployment, high job
growth, great schools, etc. They also checked crime, things to
do, education levels, etc. to come up with their ranking
systems. So if you live in one of these top places you are
probably safe when it comes to debt consolidation – as long as
you can afford to live in those cities without overextending
yourself.
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