Arizona Third Highest in Nation for Delinquent Consumer Debt | Legal News | News Ticker
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- Arizona Third Highest in Nation for Delinquent Consumer Debt | Legal News | News Ticker
Everyone in Arizona understands that the economy is mired in a recession the likes of which most of us have not seen in our lifetimes. As a result of a failing real estate market, a terrible job market and several other factors working against consumers who were experiencing success only a short time ago, more and more people are suffering through economic stress that’s nothing short of crippling. As a result, statistics are beginning to role in that are defining tangibly just how much people in the state are suffering.
A recent report that was made public indicated that 1.35 percent of all debts owed by Arizona residents are defined as delinquent. A debt is considered delinquent if it is more than 90 days late and can include credit card payments, auto loans, mortgages and the like. This ranks Arizona behind only Nevada and Florida in that order. In addition, residents of Phoenix owe an average of more than $26,000 per person in credit card debt, auto loans and consumer loans combined.
Arizona Bankruptcy May Be the Answer
When people are faced with financial problems that seemingly have no answer or way out, they often become desperate. However, more and more people are beginning to understand that filing for bankruptcy protection may be a strategy that works for them. Your first step is to contact an Arizona bankruptcy lawyer to take a close look at your finances, and this will help to pave a way towards financial recovery, whether it involves filing for bankruptcy or not.
If you’re ready to move on without the stress of financial troubles, the Phillips Law Group recommends the experienced bankruptcy attorneys atMontano Arentz & Associates, PLLC for all of your bankruptcy needs. Call today to schedule a free initial consultation!
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Phillips is the best!! Love all that they do to give back to the community and how much they help those who are experiencing homelessness. ❤️
I enjoy my work day here at Phillips Law Group and generally speaking I love my clients. Every day brings a new client or task to keep me on my toes. Administration keeps open communication and is hilarious most of the time! I love the way we celebrate FRIDAY, holidays and birthdays and how everything is so competitive. All in all I’m so fortunate to be here and I enjoy what I do.
Sophia H is a pleasure to work with! Thanks for all you do.
My review is for Kathy Hudson a legal assistant at the law firm. She is great! She is very professional and a fair based person. She was never rude to me and always called me back. She listened to me and had my best interest as number 1. Mr Nasir who is a supervisor at law firm also was very professional and helpful. Not sure if spelling his name correctly but sorry if not. As far as mr Ross and the lady that runs the front desk reception I would say they are the most unprofessional and rude people I have met at a law firm in my life especially beings they were representing me. But Kathy made it overall a better experience. Thx Kathy.
Phillips Law Group has a proven track record of success. Juan Roque, in particular, is integral to that. He works with integrity, compassion, and an undefeated optimism that makes him a valuable asset.
Phillips Law Group provides a collaborative environment in which both attorneys and staff work together to achieve the best outcome for clients. As an attorney here at PLG, I’m lucky to be surrounded by seasoned attorneys and knowledgeable staff that share my enthusiasm for helping accident victims. The team here at PLG treats clients with respect and empathy while fighting hard to get the results they deserve.
Liz Gonzales was great!!!!
I was recently served court documents that I was being sued from an accident that happened years ago. For someone who has never been through something like this and not familiar with the court lingo or where to even begin, it was very frustrating and stressful. I reached out to a family member who knew Tracy Laskos and the great reputation of Phillips Law Group and within the hours of the initial call for help, I had a direct number to Lead Attorney Nassar. Nassar heard my case and almost instantly put me at ease by explaining the process and how easy it was to handle. Nassar spoke to me like he was a friend, not like I was a client. I am so grateful to Tracy, Nasar and of course my cousin Stephanie for helping out and giving me the direction that I needed to get through this situation. I plan on referring my friends, family and patients that are in need of a personal injury Attorney to Phillips Law Group. Thank you!!
Jon Jamieson was amazing to work with . He came through with all of his promises.
I’ve been working at Phillips Law Group for nearly four years and I can confidently say this is the best personal injury firm in Arizona to work for. The firm is the best for numerous reasons but to start, Phillips Law Group gives employees opportunities for promotions and growth. I started working within the settlement department, moved to a paralegal assistant and grew to be a pre-litigation paralegal with my own case load. Each attorney I have worked for is extremely knowledgeable, friendly, and easy to talk to. Secondly, I love how Phillips Law shows appreciation for employees. They host Friday Zoom Huddles giving out PTO, goodie bags, special shout outs, bonuses and gift cards. They also host extravagant holiday parties and fun contests during the Holidays! Lastly, the firm cares about giving back to the community, which is a trait I value as well. It’s rewarding to see a fast paced firm taking time out of their busy day to pay it forward. I would highly recommend working at Phillips Law Group!