Debt Consolidation in Action: District of Columbia

Residents in our nation’s capital face a tough battle with debt.

DC residents are faced with some major challenges when it comes to personal finance and debt. Home prices are higher, student debt is bigger and even average credit card debt levels put DC residents in the top five places for personal debt in the U.S. – so if you live in DC then chances are good that you may be facing at least a few challenges with debt in your life today.

The information below is designed to help you understand how debt affects residents in DC and how credit counseling has been shown to help some residents find relief from credit card debt. If you’re facing challenges with debt, call Consolidated Credit at or complete our online application to request a free, confidential debt evaluation from a certified credit counselor.

Debt Statistics in the District of Columbia

Here’s a quick look at the state of debt in DC today:

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

[2] http://blogs.wsj.com/economics/2015/03/10/the-average-student-debt-load-in-d-c-is-a-whopping-40885/

[3] http://marketing.lendingtree.com/pr/average_closed_home_loan_amount.pdf

[4] http://www.bizjournals.com/seattle/news/2012/11/27/wash-state-ranks-9th-highest-average.html

[5] http://www.usatoday.com/story/money/personalfinance/2014/07/29/america-debt-loads/13152651/

Credit counseling in Action for DC residents

While every financial situation is unique, the following case study and testimonial come from a real client we helped in Washington DC. This can give you a better idea of how we may be able to help you. Call us today to speak a certified credit counselor and see if you qualify for a debt management program.

My interest rates were too high – 16, 17, 18 percent. Consolidated Credit was able to lower my rates to a point where my payments now go toward the principal so I can finally get out of debt. My credit score is going up, too! It was around 650 before but now it’s close to 700.

Where she started:

  • Total unsecured debt: $18,601.00
  • Estimated interest charges: $10,654.62
  • Time to payoff: 13 years, 8 months
  • Total monthly payments: $744.04

After DMP enrollment:

  • Average negotiated interest rate: 8.50%
  • Total interest charges: $3,680.08
  • Time to payoff: 4 years, 9 months
  • Total monthly payment: $390.00
Time Saved:
8 years, 11 months
Monthly Savings:
$354.04
Interest Saved:
$6,974.54

"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.
Click here to learn more.

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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