Debt Consolidation in Action: Iowa

The state of debt in Iowa and how Iowans are meeting challenges head-on.

As a whole Iowans are in a good position when it comes to taking on debt, and that’s not for a lack of financial challenges facing them. Still, with the lowest average credit card debt in the nation and the average debt in collections almost $500 below the national average, residents in Iowa are clearly not taking debt problems lying down.

The information below can help you understand the current state of debt in Iowa, as well as showing you how some of your neighbors are using credit counseling to overcome the financial challenges they face with credit card debt. If you’re working to get ahead of your own issues with debt, call us at or complete an online application to request a free consultation from a certified credit counselor.

Debt Statistics in Iowa

Here’s the situation that Iowans are currently facing when it comes to debt:

[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 Iowa residents

The following case studies are from real Consolidated Credit clients who live in Iowa. 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.

Thank God for this service. Being a single Mom plus putting 3 children through college left me in a financial quagmire that I thought I would never be free of. Now I have one payment left.

Where she started:

  • Total unsecured debt: $52,321.00
  • Estimated interest charges: $30,507.29
  • Time to payoff: 14 years, 10 months
  • Total monthly payments: $2,092.84

After DMP enrollment:

  • Average negotiated interest rate: 9.74%
  • Total interest charges: $10,463.96
  • Time to payoff: 3 years, 11 months
  • Total monthly payment: $1,339.00
Time Saved:
10 years, 11 months
Monthly Savings:
$753.84
Interest Saved:
$20,043.33
The service has been optimal at meeting our needs. My experience has been good and I’m thankful you were here to help when I really needed it.

Where she started:

  • Total unsecured debt: $40,700.49
  • Estimated interest charges: $23,913.17
  • Time to payoff: 16 years, 3 months
  • Total monthly payments: $1,628.02

After DMP enrollment:

  • Average negotiated interest rate: 7.54%
  • Total interest charges: $8,895.21
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $1,059.00
Time Saved:
12 years, 5 months
Monthly Savings:
$569.02
Interest Saved:
$15,017.96
Working with Consolidated Credit has been awesome. Great service!

Where she started:

  • Total unsecured debt: $14,725.00
  • Estimated interest charges: $7,570.18
  • Time to payoff: 11 years, 4 months
  • Total monthly payments: $589.00

After DMP enrollment:

  • Average negotiated interest rate: 10.38%
  • Total interest charges: $4,263.14
  • Time to payoff: 4 years, 11 months
  • Total monthly payment: $310.00
Time Saved:
6 years, 5 months
Monthly Savings:
$279.00
Interest Saved:
$3,307.04

"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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