When people are faced with mounting debt in Pennsylvania it can be overwhelming and frustrating. Often people feel helpless, but there are debt relief options available. When credit-card debt, medical bills or loans get out of control, bankruptcy is often a good option for people. Through bankruptcy, people are able to get back on track and begin down a path of financial security.
Fortunately, it appears that many people are doing what they can on their own to reduce credit-card debt. In 2011, Americans reduced their credit-card debt by 11 percent bringing down the average amount of debt to $6,576. In addition, student-loan debt dropped by nine percent and home-equity loan debt declined four percent. Mortgage debt stayed relatively the same, however, auto-loan debt increased by two percent.