Debt Consolidation in Action: New Jersey

Learn how debt affects residents and see how some are using credit counseling to find relief.

New Jerseyans love to be the best, but when it comes to ranking sixth in the nation for credit card debt per borrower, it would probably be better if they didn’t. Statistics show that the average credit card user in New Jersey currently carries a balance that’s about $500 higher than the national average. At the same time, residents also face challenges with student loan debt and mortgages that are still underwater following the market collapse in 2009.

The information below shows you how we’ve been able to help other Floridians eliminate credit card debt as well as other unsecured debts. If you’re struggling and need help, call us at or complete an online application to request a free confidential debt evaluation from a certified credit counselor.

Debt statistics in New Jersey

Here’s a quick look at how debt is affecting you and your neighbors in New Jersey.

[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 New Jersey residents

The three case studies presented below can give you an idea of the kind of relief you can expect if you qualify to consolidate credit card debt through a debt management program.

Five stars! The program did exactly what the counselor promised and I couldn’t be happier. Consolidated Credit helped me save my credit and a lot of money in finance charges.

Where he started:

  • Total unsecured debt: $31,311.00
  • Estimated interest charges: $18,407.19
  • Time to payoff: 15 years, 7 months
  • Total monthly payments: $1,252.44

After DMP enrollment:

  • Average negotiated interest rate: 6.97%
  • Total interest charges: $6,075.25
  • Time to payoff: 4 years, 10 months
  • Total monthly payment: $652.00
Time Saved:
10 years, 9 months
Monthly Savings:
$600.44
Interest Saved:
$12,331.94
This process has been easy and a great relief. The service was excellent and gave me hope!

Where he started:

  • Total unsecured debt: $410,957.00
  • Estimated interest charges: $23,941.78
  • Time to payoff: 15 years, 3 months
  • Total monthly payments: $1,638.28

After DMP enrollment:

  • Average negotiated interest rate: 7.78%
  • Total interest charges: $4,938.88
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $856.00
Time Saved:
10 years, 9 months
Monthly Savings:
$782.28
Interest Saved:
$19,002.90
The best thing I could have done was to make that first call and I’m glad I did. I’m almost debt free. Thank you!

Where she started:

  • Total unsecured debt: $24,454.00
  • Estimated interest charges: $13,786.94
  • Time to payoff: 13 years, 6 months
  • Total monthly payments: $978.16

After DMP enrollment:

  • Average negotiated interest rate: 2.70%
  • Total interest charges: $2,149.04
  • Time to payoff: 3 years, 1 month
  • Total monthly payment: $710.00
Time Saved:
10 years, 5 months
Monthly Savings:
$268.61
Interest Saved:
$11,637.90

"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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