Debt Consolidation in Action: Georgia

See how we’ve helped other Georgians overcome challenges with debt.


Debt consolidation usually works the same way regardless of where you live – the options available for relief in Georgia are pretty much the same as those used in California or even Washington D.C.

But people who live in the same area often have similar experiences with debt because income levels, costs and standard of living vary by state and region. With that in mind, it can be helpful to understand how other Georgians are handling their debt as you work to solve any issues you may be having.

The information below gives you a snapshot of debt issues facing Georgians, as well as case studies of some of your Georgia neighbors who we’ve helped. If you’re facing financial challenges and need help, call us at or request help through our online application.

Debt statistics in Georgia

The data below shows you how Georgians are dealing with debt today. Average credit card debt in Georgia is currently higher than the national average of $4,965. In fact, Georgians rank ninth in the most recent list of states with the highest credit card debt.

  • Average credit card debt: $5,343 per borrower[1]
  • 90-day credit card delinquency rate: 1.79%
  • Average student debt: $24,517
  • Student loan default rate: 14.50%
  • % of homes underwater (mortgage more than value): 22.09%
  • Mortgage delinquency rate for underwater homes: 4.90%
  • Average debt in collections: $4,649

[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)

Ken from Canton, GA

Consolidated Credit entered our lives at a time when I couldn’t see the end of the road. Whenever I call they’re always knowledgeable and ready to assist. With your help, my family and I will get through this!

Where they started:

  • Total unsecured debt: $80,131
  • Estimated interest charges: $47,067.44
  • Time to payoff: 16 years, 2 months
  • Total monthly payments: $3,205.25

After DMP enrollment:

  • Average negotiated interest rate: 6.44%
  • Total interest charges: $14,115.96
  • Time to payoff: 4 years 9 months
  • Total monthly payment: $1,667.00
Time Saved:
11 years, 5 months
Monthly Savings:
$1,538.25
Interest Saved:
$32,951.48
Kimberly from Roswell, GA

Great service! I would recommend it to anyone looking for an easy-to-use debt solution company.

Where she started:

  • Total unsecured debt: $39,233.00
  • Estimated interest charges: $23,033.64
  • Time to payoff: 13 years, 11 months
  • Total monthly payments: $1,569.32

After DMP enrollment:

  • Average negotiated interest rate: 7.22%
  • Total interest charges: $16,760.04
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $900.00
Time Saved:
9 years, 8 months
Monthly Savings:
$669.32
Interest Saved:
$16,273.60
Miriam from Hoschton, GA

I am satisfied with the work that Consolidated Credit has done for me – setting up lowered interest rates and negotiating a payoff plan for my credit cards.

Where she started:

  • Total unsecured debt: $28,982.06
  • Estimated interest charges: $16,833.85
  • Time to payoff: 13 years, 7 months
  • Total monthly payments: $1,159.28

After DMP enrollment:

  • Average negotiated interest rate: 9.25%
  • Total interest charges: $5,481.50
  • Time to payoff: 3 years 11 months
  • Total monthly payment: $741.00
Time Saved:
9 years, 8 months
Monthly Savings:
$412.28
Interest Saved:
$11,402.35