Debt Consolidation in Action: Alabama

See how we’ve helped other Alabamans overcome their issues with debt.

When it comes to debt problems and budget challenges, Alabamans often find themselves fighting an uphill battle. From higher-than-average credit card delinquency and student loan default rates to the fact that about 15 out of every 100 homes has a mortgage balance that’s more than the home is currently worth, there is no shortage of potential issues you may face as a borrower.

This page is designed to help you understand how debt impacts you and your fellow residents in Alabama. We also show you some real-life case studies of how we’ve helped other Alabamans overcome their challenges. If you need help, call us at or complete our easy online application to request a free consultation with a certified credit counselor.

Debt Statistics in Alabama

While Alabamans don’t have the highest debt AMOUNTS in the various types of consumer debt that impact most of us, they do have some of the highest delinquency and default rates in the country. In other words, when things go bad, they tend to go really bad and assistance is often required to return to a better financial outlook:

  • Average credit card debt: $4,817 per borrower [1]
  • 90-day credit card delinquency rate: 1.72%
  • Average student debt: $28,895
  • Student loan default rate: 14.50%
  • % of homes underwater (mortgage more than value): 18.30%
  • Mortgage delinquency rate for underwater homes: 4.06%
  • Average debt in collections: $5,604

[1] https://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 Alabama residents

The following case studies are from real Consolidated Credit clients who live in Alabama. This can help you get a better picture of what you can expect if you are eligible to consolidate debt through a debt management program.

Suzanne from Sylacauga, AL

I wish that I’d gone with this program sooner! If I had my debt would be gone already. I’d recommend this program to anyone looking for lower interest rates and a way to actually get your credit cards paid off.

Where she started:

  • Total unsecured debt: $16,049.00
  • Estimated interest charges: $8,870.56
  • Time to payoff: 11 years, 6 months
  • Total monthly payments: $641.96

After DMP enrollment:

  • Average negotiated interest rate: 8.30%
  • Total interest charges: $6,876.47
  • Time to payoff: 5 years, 1 months
  • Total monthly payment: $320.00
Time Saved:
6 years, 5 months
Monthly Savings:
$321.96
Interest Saved:
$1,994.09
Ryan from Pinson, AL

This service has been a lifesaver! I highly recommend Consolidated Credit. They enabled me to fix my finance problems.

Where he started:

  • Total unsecured debt: $23,013.00
  • Estimated interest charges: $12,922.00
  • Time to payoff: 12 years, 4 months
  • Total monthly payments: $920.52

After DMP enrollment:

  • Average negotiated interest rate: 10.61%
  • Total interest charges: $8,175.00
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $560.00
Time Saved:
7 years, 10 months
Monthly Savings:
$360.52
Interest Saved:
$4,747.00
David from Montgomery, AL

I am very pleased with the service that Consolidated Credit has provided. Now I’m finally in my home stretch to be debt free.

Where he started:

  • Total unsecured debt: $26,453.00
  • Estimated interest charges: $15,239.00
  • Time to payoff: 13 years, 6 months
  • Total monthly payments: $1,058.12

After DMP enrollment:

  • Average negotiated interest rate: 2.60%
  • Total interest charges: $460.27
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $585.00
Time Saved:
9 years, 8 months
Monthly Savings:
$473.12
Interest Saved:
$14,778.73