Althea H. from Washington DC

My interest rates were too high – 16, 17, 18 percent. Consolidated Credit was able to lower my rates to a point where my payments now go toward the principal so I can finally get out of debt. My credit score is going up, too! It was around 650 before but now it’s close to 700.

Where she started:

  • Total unsecured debt: $18,601.00
  • Estimated interest charges: $10,654.62
  • Time to payoff: 13 years, 8 months
  • Total monthly payments: $744.04

After DMP enrollment:

  • Average negotiated interest rate: 8.50%
  • Total interest charges: $3,680.08
  • Time to payoff: 4 years, 9 months
  • Total monthly payment: $390.00
Time Saved:
8 years, 11 months
Monthly Savings:
$354.04
Interest Saved:
$6,974.54