debtconsolidationconnection.com
501 (c)(3) non-profit Organization
Free Consultation
Tax returns may go toward bills, while debt consolidation could help fill the gap
By Oscar Monfort on Apr 7th, 2010
As the tax deadline nears, many consumers may be rushing to finish forms so they can get their returns back sooner.
Although some consumers may want their refund check so they can spend it on something frivolous, a recent survey from CareerBuilder.com showed that 56 percent of respondents would use the money from Uncle Sam to pay off debt. About 78 percent of those polled said they have been living paycheck to paycheck.
"Workers' wallets are still feeling the ripple effects of the past year," said Rosemary Haefner, the company's vice president of human resources.
However, other respondents did say they would use the return on other financial goals. Thirty-four percent said they planned on saving it, while 8 percent said they planned on making good on private debts.
Although a tax return may help with debts that consumers compiled during the recession, the check they get may not be enough to pull them out of the whole. People who are still struggling with credit card bills may consider debt consolidation, which could help them reduce the time it takes to pay off their plastic.
More Debt Consolidation News
