Debt Consolidation in Action: Alabama

See how we’ve helped other Alabamans overcome their issues with debt.

When it comes to debt problems and budget challenges, Alabamans often find themselves fighting an uphill battle. From higher-than-average credit card delinquency and student loan default rates to the fact that about 15 out of every 100 homes has a mortgage balance that’s more than the home is currently worth, there is no shortage of potential issues you may face as a borrower.

This page is designed to help you understand how debt impacts you and your fellow residents in Alabama. We also show you some real-life case studies of how we’ve helped other Alabamans overcome their challenges. If you need help, call us at or complete our easy online application to request a free consultation with a certified credit counselor.

Debt Statistics in Alabama

While Alabamans don’t have the highest debt AMOUNTS in the various types of consumer debt that impact most of us, they do have some of the highest delinquency and default rates in the country. In other words, when things go bad, they tend to go really bad and assistance is often required to return to a better financial outlook:

[1] http://www.washingtonpost.com/blogs/govbeat/wp/2013/08/20/ranking-the-states-credit-card-debt/

All other statistics are brought to you by America’s Voice on Debt (AVOD)

Credit Counseling in Action for Alabama residents

The following case studies are from real Consolidated Credit clients who live in Alabama. This can help you get a better picture of what you can expect if you are eligible to consolidate debt through a debt management program.

I wish that I’d gone with this program sooner! If I had my debt would be gone already. I’d recommend this program to anyone looking for lower interest rates and a way to actually get your credit cards paid off.

Where she started:

  • Total unsecured debt: $16,049.00
  • Estimated interest charges: $8,870.56
  • Time to payoff: 11 years, 6 months
  • Total monthly payments: $641.96

After DMP enrollment:

  • Average negotiated interest rate: 8.30%
  • Total interest charges: $6,876.47
  • Time to payoff: 5 years, 1 months
  • Total monthly payment: $320.00
Time Saved:
6 years, 5 months
Monthly Savings:
$321.96
Interest Saved:
$1,994.09
This service has been a lifesaver! I highly recommend Consolidated Credit. They enabled me to fix my finance problems.

Where he started:

  • Total unsecured debt: $23,013.00
  • Estimated interest charges: $12,922.00
  • Time to payoff: 12 years, 4 months
  • Total monthly payments: $920.52

After DMP enrollment:

  • Average negotiated interest rate: 10.61%
  • Total interest charges: $8,175.00
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $560.00
Time Saved:
7 years, 10 months
Monthly Savings:
$360.52
Interest Saved:
$4,747.00
I am very pleased with the service that Consolidated Credit has provided. Now I’m finally in my home stretch to be debt free.

Where he started:

  • Total unsecured debt: $26,453.00
  • Estimated interest charges: $15,239.00
  • Time to payoff: 13 years, 6 months
  • Total monthly payments: $1,058.12

After DMP enrollment:

  • Average negotiated interest rate: 2.60%
  • Total interest charges: $460.27
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $585.00
Time Saved:
9 years, 8 months
Monthly Savings:
$473.12
Interest Saved:
$14,778.73

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

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