Debt Consolidation in Action: Florida

See how we’ve helped Florida residents like you overcome debt problems.

When it comes to debt consolidation, Consolidated Credit’s certified credit counselors are trained to help people nationwide, but with our home offices based in Ft. Lauderdale, Florida, we’re uniquely positioned to help Florida residents find the debt help they need.

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 a Free Debt Analysis form to request help online.

Debt statistics for Florida

Here are some interesting Florida debt statistics that show how you compare to your neighbors.

  • Average credit card debt: $4,861 per borrower[1]
  • 90-day credit card delinquency rate: 1.67%
  • Average student debt: $22,873
  • Student loan default rate: 15.4%
  • % of homes underwater (mortgage more than value): 26.8%
  • Mortgage delinquency rate: 13.87%
  • Average debt in collections: $6,396

[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)

Courtney from Cleremont, FL

This has been an awesome experience so far. Thanks, Consolidated Credit!

Where she started:

  • Total unsecured debt: $23,045.00
  • Estimated interest charges: $12,941.85
  • Time to payoff: 12 years, 11 months
  • Total monthly payments: $921.80

After DMP enrollment:

  • Average negotiated interest rate: 3.83%
  • Total interest charges: $1,060.59
  • Time to payoff: 3 years, 2 months
  • Total monthly payment: $619.00
Time Saved:
9 years, 9 months
Monthly Savings:
$302.80
Interest Saved:
$11,881.26
Stephanie from Fort Lauderdale, FL

I can’t put into words how this has changed our lives. We were almost $50,000 in debt, but thanks to Consolidated Credit we’ll be debt free in 3 months.

Where she started:

  • Total unsecured debt: $47,606.00
  • Estimated interest charges: $27,298.79
  • Time to payoff: 15 years, 3 months
  • Total monthly payments: $1,904.24

After DMP enrollment:

  • Average negotiated interest rate: 6.68%
  • Total interest charges: $3,452.53
  • Time to payoff: 4 years
  • Total monthly payment: $1,016.00
Time Saved:
11 years, 3 months
Monthly Savings:
$888.24
Interest Saved:
$8,390.08
Taylor from Miami, FL

I’m so grateful for Consolidated Credit. I don’t regret working with them for a second. They saved me!

Where he started:

  • Total unsecured debt: $21,444.00
  • Estimated interest charges: $12,233.96
  • Time to payoff: 13 years, 3 months
  • Total monthly payments: $857.76

After DMP enrollment:

  • Average negotiated interest rate: 8.20%
  • Total interest charges: $3,451.22
  • Time to payoff: 4 years
  • Total monthly payment: $506.00
Time Saved:
9 years, 3 months
Monthly Savings:
$351.76
Interest Saved:
$8,782.74

Attention Florida residents!

Consolidated Credit often holds free workshops and events in South Florida that cover everything from helping first-time homebuyers get the right home and mortgage, to helping military service members and veterans at Southern Command to overcome financial challenges that they face.

If you’re in the local area and would like to attend an event, check out the workshops listed on our Webinars & Seminars page for more information.