Learn: Reduce Debt

Debt is common and curable.

Having debt can make you feel hopeless and alone. Neighbors is here to help you get a handle on your debt.

There are two types of debts: secured and unsecured

Secured debts are those tied to collateral such as a mortgage or auto loan.

Unsecured debts include credit cards, medical debt and many student loans.

A recent review by Experian provides a snapshot of debt (by source) for the average American:

Debt Source Average Debt (2020)
Credit Card $5,315
Personal Loan $16,458
Auto Loan $19,703
Student Loan $38,792
HELOC $41,954
Mortgage $208,185