Scott T. Keller, owner of End The Debt LLC discusses varying aspects of why our nation is NOT debt free. These aspects include student loans, credit card debt and auto loan payments.

1. Why Aren't Americans
Financially Free?
Scott T. Keller

2. 5 Reasons Why You're
Not Financially Free

3. 1. Student Loan Debt
• The Project on Student Debt, reported that that the average
senior whom graduating from an undergrad class left with a
student loan debt of $29,400.
• What to do: Its a little to late to start you college career
cheaper if you already graduated. if attending graduate
school, make sure you're reducing your principal loan balance
faster by writing to your lender. This also applies to
perspective undergraduate freshman.

4. 2. Credit Card Debt
Credit Cards might be the easiest way to improve your credit
history. Credit cards can be used as a helpful tool for
cardholders. But sometimes consumers who swear to pay off
their balance monthly seem to often forget how much they've
accrued on the account over their entire bill cycle.

5. 3. “Keeping Up With the
Joneses”
• The American Dream: White Picket Fence, obtaining the
latest gadget or newest-model car, funding your
materialistic desires. Although its strap that seems
harmless, there are deeper behavioral concerns that
come into play when you're over spending in a year just
to keep up with “Mr. Jones”.
• What you may forget is that the average $203,163
American household debt also include the Joneses
themselves. They're likely not any more well off than you,
and the need to one-up each other is deepening the
financial b

6. 4. Auto Loan Debt
The average auto loan amount buyers borrowed was more
than $27,000, according to Experian Automotive. What's
terrifying about this number is that auto loan terms are getting
longer and longer, with some ranging from six to eight years.
What to do: Utilize your free time to find out whether an auto
loan refinance can help you save money over the life of your
loan. The goal is to refinance at a lower interest rate, while
shortening the length of your auto loan.

7. Neglecting Your Credit
Report
As contradictory as it seems, in order to have good credit, you
have to go into debt. When utilizing the credit scoring model,
it's beneficial to have varying types of accounts to prove
you're responsible with using credit.
What to do: Credit Diversity! New accounts and age of your
credit accounts comprise a large portion of your credit score,
with factors such as a history of on-time payments and credit
utilization also filling out the rest of the report