With a broad economy based on natural resources, technology, and agriculture, Colorado is consistently recognized as one of the best states for businesses. To live comfortably in Colorado, a single person would have to earn about $34,000. A good chunk of that salary - $11,600 would go toward housing, and another $3,800 would go toward food.
Despite an average income of over $51,000, a flat income tax rate, and a low state sales tax, Coloradans owe an average of $9,108 per household to credit card companies.
Analysts attribute the increased spending amongst Coloradans as a sign consumers were feeling optimistic about the economy and were taking on additional debt without necessarily preparing for a financial emergency.
Colorado residents interested in either a free credit counseling session and/or enrolling in our debt management program can connect with one of our certified credit counselors by calling us directly at 888-686-4040 or schedule an appointment here.
Disclaimer for Colorado Residents: The establishment of a debt management plan may adversely affect an individual's credit rating or credit score. Nonpayment of debt may lead creditors to increase finance and other charge or undertake collection activity, including litigation.
Colorado Department of Law
1300 Broadway 6th Floor
Denver, CO 80203
Testimonials from our Colorado Clients:
- “Thank you very much. I recommend you to everyone that needs to pay off their debt. I am so grateful to DebtWave.”