Debt Consolidation in Action: Virginia

Credit counseling helps Virginians overcome credit card debt challenges.

Virginians have an interesting relationship with debt. Statistically, Virginians have higher than average student loan debt, rank tenth in high credit card balances, and have more homes that are underwater because the mortgage balances are higher than home values. Yet in spite of these challenges, they have lower percentages of debts that are past due and in collections.

The information below can help you understand the financial impact of debt on Virginia residents and how some are using credit counseling to find solutions. If you’re facing your own issues, call us at or complete an online application to request a free debt and budget analysis from a certified credit counselor.

Debt Statistics in Virginia

The following statistics provide a snapshot of the current state of debt in Virginia:

[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 Virginia residents

The case studies shown below come from real clients of Consolidated Credit who live in Virginia. This can help you get an idea of how a debt management program may help you overcome your own challenges with debt.

It feels so good to have someone here to help me get my credit and my life back on track.

Where she started:

  • Total unsecured debt: $14,931.00
  • Estimated interest charges: $8,062.30
  • Time to payoff: 10 years, 6 months
  • Total monthly payments: $596.52

After DMP enrollment:

  • Average negotiated interest rate: 4.79%
  • Total interest charges: $1,990.03
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $309.00
Time Saved:
5 years, 11 months
Monthly Savings:
$287.52
Interest Saved:
$6,072.27
If not for your persistence, I probably still wouldn’t be sleeping at night. It was hard at first, but when 2 or 3 of my credit cards were paid off it was an awesome feeling. Quick response and always there to assist. Thanks!

Where she started:

  • Total unsecured debt: $39,179.00
  • Estimated interest charges: $22,369.05
  • Time to payoff: 14 years, 3 months
  • Total monthly payments: $1,567.16

After DMP enrollment:

  • Average negotiated interest rate: 5.11%
  • Total interest charges: $1,920.78
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $798.00
Time Saved:
9 years, 11 months
Monthly Savings:
$769.16
Interest Saved:
$20,448.27
Consolidated Credit has been instrumental in my recovery from debt and mistakes I made in the past. These folks are helpful and now my debt is almost gone!

Where he started:

  • Total unsecured debt: $15,578.00
  • Estimated interest charges: $8,467.97
  • Time to payoff: 12 years, 9 months
  • Total monthly payments: $626.28

After DMP enrollment:

  • Average negotiated interest rate: 9.20%
  • Total interest charges: $2,944.22
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $402.00
Time Saved:
8 years, 11 months
Monthly Savings:
$224.28
Interest Saved:
$5,523.75

"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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