Debt Consolidation Reviews: Top 10 Jungle Warns That Household Expenses Are Driving the Debt Boom
Top 10 Jungle produces debt consolidation, debt relief and personal loan comparison charts for consumers and small business nationwide.
DALLAS, November 11, 2017 (Newswire.com) - Top 10 Jungle, a leading provider of slick digital content and online product and service reviews, warns that household expenses are driving the booming demand for debt consolidation and personal loans.
"Over the last five years, unsecured personal loans have doubled as a percentage of household debt," says Benny Alvarez, Top 10 Jungle Spokesman. "This is not healthy for the economy or the household. Debt consolidation and personal loans make sense for major expenditures such as a new home, a new business, college tuition or even a car. It does not make sense to consistently use debt to fund a monthly shortfall. So you better wise up and make more money or cut back on your personal expenses."
Demand is being fueled by online lending platforms which are taking advantage of the public's loss of trust in big banks. Despite the scandals and setbacks at some of the largest online lenders in the business, financial technology groups originated over $15 billion of personal loans in the first half of the year.
Top 10 Jungle is rapidly expanding its coverage to include free credit scoring and monitoring, banks, business lenders, stock brokers, personal finance software, and tax relief.
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Source: Top 10 Jungle