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] Ranking the States Credit Card Debt

All other statistics are brought to you by America’s Voice on Debt (AVOD)

Gerald from Valrico, FL

Consolidated Credit has been amazing. They made getting out of debt not so painful! Thank you.

Where he started:

  • Total unsecured debt: $108,688.00
  • Estimated interest charges: $64,104.03
  • Time to payoff: 18 years
  • Total monthly payments: $4,347.52

After DMP enrollment:

  • Average negotiated interest rate: 5.25%
  • Total interest charges: $11,267.00
  • Time to payoff: 4 years, 8 months
  • Total monthly payment: $2,165.00
Time Saved:
13 years, 4 months
Monthly Savings:
$2,182.52
Interest Saved:
$52,837.03
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
Melissa from Fern Park, FL

Everyone is always very helpful, polite and professional. I'm very happy with the services!

Where she started:

  • Total unsecured debt: $22,331.00
  • Estimated interest charges: $12,262.05
  • Time to payoff: 12 years, 7 months
  • Total monthly payments: $892.74

After DMP enrollment:

  • Average negotiated interest rate: 5.55%
  • Total interest charges: $3,022.55
  • Time to payoff: 4 years, 2 months
  • Total monthly payment: $510
Time Saved:
8 years, 5 months
Monthly Savings:
$382.74
Interest Saved:
$9,239.50
Yvette from Tamarac, FL

This was the best decision I could have made when I was up to my neck in debt.

Where she started:

  • Total unsecured debt: $46,112.00
  • Estimated interest charges: $26,402.63
  • Time to payoff: 13 years, 8 months
  • Total monthly payments: $1,844.48

After DMP enrollment:

  • Average negotiated interest rate: 4.00%
  • Total interest charges: $2,486.64
  • Time to payoff: 3 years, 9 months
  • Total monthly payment: $1,082.00
Time Saved:
10 years, 1 month
Monthly Savings:
$762.48
Interest Saved:
$23,915.99
Mary from Jacksonville, FL

After just 3 years, I have paid off over $30K!! It's the best thing I ever did. My last payment goes out next month!

Where she started:

  • Total unsecured debt: $30,440.89
  • Estimated interest charges: $17,505.99
  • Time to payoff: 13 years, 5 months
  • Total monthly payments: $1,217.63

After DMP enrollment:

  • Average negotiated interest rate: 6.70%
  • Total interest charges: $4,186.96
  • Time to payoff: 3 years, 8 months
  • Total monthly payment: $794.00
Time Saved:
9 years, 9 months
Monthly Savings:
$423.63
Interest Saved:
$13,319.03
Maria from Hialeah, FL

I am very happy with this company. All the personnel are very attentive and with their help now I finally have my bills organized.

Where she started:

  • Total unsecured debt: $8,822.00
  • Estimated interest charges: $5,040.27
  • Time to payoff: 11 years, 6 months
  • Total monthly payments: $341.84

After DMP enrollment:

  • Average negotiated interest rate: 0.00%
  • Total interest charges: $0.00
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $226.00
Time Saved:
8 years, 2 months
Monthly Savings:
$115.84
Interest Saved:
$5,040.27
Victor from Williston, FL

I've had a really great experience. You guys are the best!

Where he started:

  • Total unsecured debt: $22,793.00
  • Estimated interest charges: $13,169.90
  • Time to payoff: 13 years, 11 months
  • Total monthly payments: $911.72

After DMP enrollment:

  • Average negotiated interest rate: 7.30%
  • Total interest charges: $4,667.26
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $531.00
Time Saved:
9 years, 8 months
Monthly Savings:
$380.72
Interest Saved:
$8,502.64
Linda from Cutler Ridge, FL

My husband and I are very happy with the services we have received. Thanks, Consolidated Credit!

Where she started:

  • Total unsecured debt: $16,280.00
  • Estimated interest charges: $25,162.87
  • Time to payoff: 11 years, 3 months
  • Total monthly payments: $651.20

After DMP enrollment:

  • Average negotiated interest rate: 9.55%
  • Total interest charges: $3,394.00
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $379.00
Time Saved:
7 years
Monthly Savings:
$272.20
Interest Saved:
$5,488.87
Karen from Orlando, FL

This has been a great experience. Customer service is great. Everyone is very patient and understanding.

Where she started:

  • Total unsecured debt: $30,193.00
  • Estimated interest charges: $17,610.00
  • Time to payoff: 14 years, 1 month
  • Total monthly payments: $1,207.72

After DMP enrollment:

  • Average negotiated interest rate: 7.75%
  • Total interest charges: $4,700.42
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $664.00
Time Saved:
9 years, 7 months
Monthly Savings:
$543.72
Interest Saved:
$12,909.58
Walter from Hollywood, FL

I wish to congratulate and also thank Consolidated Credit for assembling the incredible team of homerun hitters that you have assembled in your customer service department. They are your best representatives and stand as bright shining lights to the debt-besieged public.

Where he started:

  • Total unsecured debt: $29,397.00
  • Estimated interest charges: $16,752.75
  • Time to payoff: 13 years, 6 months
  • Total monthly payments: $1,175.88

After DMP enrollment:

  • Average negotiated interest rate: 4.19%
  • Total interest charges: $1,988.74
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $594.00
Time Saved:
9 years, 1 month
Monthly Savings:
$581.88
Interest Saved:
$14,764.01

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.