Debt Consolidation in Action: Louisiana

Residents find relief from credit card debt through consolidation.

When it comes to personal debt, statistics show that Louisianans tend to have the most problems with credit cards and other unsecured debts. While residents have lower balances and default rates on student loan debt than national averages, and less issues with underwater homes and delinquent mortgages, they have more credit cards that are past-due and debts in collections than residents in other states.

Luckily residents are finding other means of eliminating debt when traditional payment methods don’t work. Many have found relief through credit counseling and consolidation with a debt management program. If you’re working to eliminate debt and need help, call us at or complete an online application to get a confidential debt and budget evaluation from a certified credit counselor at no charge.

Debt Statistics in Louisiana

The statistics below can help you understand the financial situation the average family in Louisiana faces with debt today.

[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 Counseling in Action for Louisiana residents

Debt affects every family differently, but the following case studies and testimonials can provide some insight on how a debt management program may be able to help you if you’re struggling to eliminate high-interest, high-balance credit card debt.

It’s a great service that consolidated my bills into one monthly payment and lowered my interest rates. Try it! This program is for anyone that is serious about getting out of debt. They are serious about helping you. I’m so glad I called.

Where she started:

  • Total unsecured debt: $12,892.00
  • Estimated interest charges: $7,102.91
  • Time to payoff: 10 years, 4 months
  • Total monthly payments: $515.68

After DMP enrollment:

  • Average negotiated interest rate: 8.30%
  • Total interest charges: $1,920.15
  • Time to payoff: 2 years, 7 months
  • Total monthly payment: $476.00
Time Saved:
7 years, 9 months
Monthly Savings:
$39.68
Interest Saved:
$5,182.76
A very painless and satisfying experience. :) Very professional attitude from all.

Where they started:

  • Total unsecured debt: $24,165.00
  • Estimated interest charges: $13,740.14
  • Time to payoff: 12 years, 6 months
  • Total monthly payments: $966.60

After DMP enrollment:

  • Average negotiated interest rate: 5.13%
  • Total interest charges: $3,004.55
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $498.00
Time Saved:
7 years, 11 months
Monthly Savings:
$468.60
Interest Saved:
$10,735.59
We’re very happy with the service and to be on our way to being debt free.

Where she started:

  • Total unsecured debt: $17,158.16
  • Estimated interest charges: $9,409.35
  • Time to payoff: 11 years
  • Total monthly payments: $686.33

After DMP enrollment:

  • Average negotiated interest rate: 4.87%
  • Total interest charges: $1,985.35
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $380.00
Time Saved:
6 years, 9 months
Monthly Savings:
$306.33
Interest Saved:
$7,424.00

"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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