Debt Consolidation in Action: Virgin Islands

Overcoming challenges with debt in spite of limited income.

Residents in the U.S. Virgin Islands have no shortage of challenges when it comes to debt. Unemployment rates are high and even for those who have a job, median earnings and household income levels are significantly lower than in the continental United States. Yet residents still face the same problems with debt that other U.S. citizens face, so as a result nearly one in three families is living in poverty.

The information below is designed to help you understand the average financial situation in the U.S., as well as how some residents are using credit counseling to overcome their personal challenges with debt. If you’re struggling to eliminate debt and you need help, call Consolidated Credit at or fill out an online application to request a free, confidential debt evaluation from a certified credit counselor.

Personal Finance Statistics for the U.S. Virgin Islands

Here’s a quick look at the state of debt in Virgin Islands today:

[1] http://blogs.wsj.com/economics/2015/03/10/the-average-student-debt-load-in-d-c-is-a-whopping-40885/

[2] https://www.census.gov/prod/cen2000/phc-4-vi.pdf

† Combined with other U.S. territories

Credit counseling in Action for Virgin Islands residents

No two situations with debt are exactly alike, but often it can be helpful to see how other people have found relief so you can decide if a particular debt solution is right for you. The case studies and testimonials below come from real clients of Consolidated Credit who live in the Virgin Islands. This can give you a better idea of how a debt management program may be able to help you get out of debt.

I am very satisfied with the services that Consolidated Credit provided. In fact in some ways you saved my finances and I’m very grateful!

Where she started:

  • Total unsecured debt: $18,636.00
  • Estimated interest charges: $11,055.04
  • Time to payoff: 15 years, 6 months
  • Total monthly payments: $745.44

After DMP enrollment:

  • Average negotiated interest rate: 9.90%
  • Total interest charges: $4,493.81
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $432.00
Time Saved:
11 years
Monthly Savings:
$313.44
Interest Saved:
$6,561.23
The program has mostly been a hit. It was easy to set up and you have great communication! Friendly and helpful.

Where he started:

  • Total unsecured debt: $42,999.00
  • Estimated interest charges: $25,419.84
  • Time to payoff: 15 years, 11 months
  • Total monthly payments: $1,719.96

After DMP enrollment:

  • Average negotiated interest rate: 3.00%
  • Total interest charges: $1,395.16
  • Time to payoff: 5 years, 6 months
  • Total monthly payment: $618.00
Time Saved:
10 years, 5 months
Monthly Savings:
$1,038.96
Interest Saved:
$24,024.68

"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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