Debt Consolidation in Action: Maryland

Marylanders use credit counseling to overcome challenges with debt.

When it comes to personal debt, no one state has the corner market on problems, but Maryland residents certainly face an uphill battle. One in five homes is still underwater – where the mortgage balance is higher than the home’s value. Marylanders also have the eighth highest credit cards balances in the country and over one third of borrowers have at least one debt in that’s currently in collections.

Fortunately, residents are finding ways to overcome these challenges when traditional payment methods and basic budgeting don’t work. Often, borrowers have found a way to regain stability with the help of a certified credit counselor. If you have debt and need a solution to egain financial freedom, call Consolidated Credit today at or use our online application to request a free, confidential debt analysis from a certified professional.

Debt Statistics in Maryland

The following statistics can provide a little perspective on the current state of household debt in Maryland:

[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 Maryland residents

While every financial situation is different and unique, the following case studies and testimonials can provide examples of how debt consolidation may be able to help you regain control. These stories come from real clients of Consolidated Credit who live throughout Maryland.

Consolidated Credit has made it possible for me to take charge of my finances. Not only are my bills getting paid, there is no hassle from my creditors. And the creditors did not put negative remarks on my credit report for consolidating my bills.

Where he started:

  • Total unsecured debt: $13,332.00
  • Estimated interest charges: $7,746.20
  • Time to payoff: 13 years, 6 months
  • Total monthly payments: $533.28

After DMP enrollment:

  • Average negotiated interest rate: 7.20%
  • Total interest charges: $2,453.91
  • Time to payoff: 4 years, 9 months
  • Total monthly payment: $281.00
Time Saved:
8 years, 9 months
Monthly Savings:
$252.28
Interest Saved:
$5,292.29
Every phone call has been pleasant and helpful. Thanks!

Where she started:

  • Total unsecured debt: $58,363.00
  • Estimated interest charges: $34,385.22
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $2,334.52

After DMP enrollment:

  • Average negotiated interest rate: 8.32%
  • Total interest charges: $12,118.05
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $1,302.00
Time Saved:
10 years, 6 months
Monthly Savings:
$1,032.52
Interest Saved:
$22,267.17
This is a great service!

Where he started:

  • Total unsecured debt: $44,198.00
  • Estimated interest charges: $25,759.74
  • Time to payoff: 14 years
  • Total monthly payments: $1,767.92

After DMP enrollment:

  • Average negotiated interest rate: 8.30%
  • Total interest charges: $8,385.72
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,016.00
Time Saved:
9 years, 8 months
Monthly Savings:
$751.92
Interest Saved:
$17,374.02

"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.

View the Consolidatedcredit.org review status

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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