Debt Consolidation in Action: Colorado

Learn how Coloradans are facing challenges with debt head-on.

When it comes to dealing with debt as a group, Coloradans tend to be on a better track than residents in most other states. That’s not to say that residents in Colorado face fewer problems, but they seem to tackle those issues faster and with greater resilience. As a result, America’s Voice on Debt rates them in the top 10 states at being the best at handling issues with debt.

With that in mind, if you’re a Coloradan facing your own financial challenges, the information below can help you better understand your situation. We also show you how some of your neighbors have used debt consolidation to regain control when they were struggling. If you need help making a plan to become debt-free, call or complete an online application to request a free consultation with a certified credit counselor.

Debt Statistics in Colorado

It should be noted that Coloradans didn’t earn that top 10 ranking for debt finesse for lack of debt to eliminate. In fact, they have the second highest average credit card debt balance in the country – second only to Alaskans!

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

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

Credit Consolidation in Action for Colorado residents

The following case studies are from real Consolidated Credit clients who live in Colorado. 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’m finally on the road to recovery! Thanks.

Where he started:

  • Total unsecured debt: $53,115.00
  • Estimated interest charges: $30,604.24
  • Time to payoff: 15 years, 5 months
  • Total monthly payments: $2,124.60

After DMP enrollment:

  • Average negotiated interest rate: 6.92%
  • Total interest charges: $9,937.81
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,218.00
Time Saved:
11 years, 1 month
Monthly Savings:
$906.60
Interest Saved:
$20,666.43
I’ve been very happy with the services. You’re always helpful with excellent service and customer support. I’m really glad I found you and it’s comforting to know my credit card debt will be gone soon.

Where she started:

  • Total unsecured debt: $17,960.21
  • Estimated interest charges: $9,890.11
  • Time to payoff: 10 years, 10 months
  • Total monthly payments: $718.41

After DMP enrollment:

  • Average negotiated interest rate: 3.29%
  • Total interest charges: $1,181.93
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $370.00
Time Saved:
6 years, 6 months
Monthly Savings:
$348.41
Interest Saved:
$8,708.18
Consolidated Credit has helped me so much and in 4 years with less than one to go, most of the credit card debt I accumulated in a decade of overspending is gone and I’m almost debt free.

Where she started:

  • Total unsecured debt: $23,977.00
  • Estimated interest charges: $13,121.43
  • Time to payoff: 11 years, 11 months
  • Total monthly payments: $959.08

After DMP enrollment:

  • Average negotiated interest rate: 5.20%
  • Total interest charges: $2,684.55
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $529.00
Time Saved:
7 years, 8 months
Monthly Savings:
$430.08
Interest Saved:
$10,436.88

"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.

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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.

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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.

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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.

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You can save!

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

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