Debt Consolidation in Action: Massachusetts

Learn how debt is impacting your state and how your neighbors are fighting back.

Personal credit card debt problems aren’t unique to Massachusetts, but residents do face an uphill battle when it comes to debt elimination. Recent data ranks Masschusetts 16th for the highest balances per borrower in the nation, which means residents have some work to do if they want to achieve and maintain financial stability.

The information below can help you understand how debt is impacting people in your state, as well as how credit counseling has helped some to overcome those challenges. If you’re facing an uphill battle with high-balance debt, call us at or complete an online application to request a free confidential debt evaluation from a certified credit counselor.

Debt statistics in Massachusetts

The data below can help you understand the big picture Massachusetts residents face with debt in today’s economy.

[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 Massachusetts residents

The following case studies can help you get an idea of how we’ve been able to help some of your neighbors get the relief they need through credit counseling and enrollment in a debt management program.

Any issue that has come up has been taken care of ASAP. It’s amazing that we’ve paid of $70,000 of our debt in 4 years! Thanks for the help!

Where he started:

  • Total unsecured debt: $99,753.00
  • Estimated interest charges: $58,713.66
  • Time to payoff: 15 years, 9 months
  • Total monthly payments: $3,990.12

After DMP enrollment:

  • Average negotiated interest rate: 7.20%
  • Total interest charges: $14,997.58
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $2,089.00
Time Saved:
11 years, 2 months
Monthly Savings:
$1,901.12
Interest Saved:
$43,716.08
Consolidated Credit has turned my life around!!! With one last payment left, I will finally be debt free!!

Where she started:

  • Total unsecured debt: $21,094.00
  • Estimated interest charges: $11,897.64
  • Time to payoff: 12 years
  • Total monthly payments: $843.76

After DMP enrollment:

  • Average negotiated interest rate: 3.32%
  • Total interest charges: $1,347.91
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $408.00
Time Saved:
7 years, 5 months
Monthly Savings:
$435.76
Interest Saved:
$10,549.73
Consolidated Credit has been very helpful to us. It’s a great feeling paying down our debt.

Where he started:

  • Total unsecured debt: $30,053.00
  • Estimated interest charges: $17,297.09
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $1,208.24

After DMP enrollment:

  • Total unsecured debt: $30,053.00
  • Estimated interest charges: $17,297.09
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $1,208.24
Time Saved:
10 years, 8 months
Monthly Savings:
$462.24
Interest Saved:
$8,391.04

"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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