Debt Consolidation in Action: Hawaii

Maintaining financial stability in spite of debt to achieve success.

When it comes to looking at household debt loads broken down by state, Hawaiians have it almost as good as the tropical location they live in. Student debt and credit card debt levels are both lower than the national average. Fewer homes are still struggling to regain equity after the market crash – only 6 in every 100 homes are underwater today.

Still, that doesn’t mean Hawaiians don’t have problems with debt. They just tend to be proactive about finding solutions to regain control. The information below can help you understand personal debt in Hawaii, and how some residents have found success with the help of a certified credit counselor. If you’re struggling, take action to get the help you need. Call Consolidated Credit at or complete an online application to request a free, confidential debt analysis today.

Debt Statistics in Hawaii

Here’s a quick look at the situation Hawaiians currently face when it comes to personal debt. Every situation is different, but this can help you see how you stack up against your neighbors:

  • Average credit card debt: $5,141 [1]
  • 90-day credit card delinquency rate: 1.11%
  • Average student debt: $22,785
  • Student loan default rate: 10.10%
  • % of homes underwater (mortgage more than value): 6.30%
  • Mortgage delinquency rate for underwater homes: 9.07%
  • % with past due debt (late, but not in default): 4.60%
  • % with some type of debt in collections: 22.70%
  • Average debt in collections: $5,731

[1] http://www.washingtonpost.com/blogs/govbeat/wp/2013/08/20/ranking-the-states-credit-card-debt/

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

Estella from Kailua Kona, HI

I love the lower monthly payments and lower interest charges. It makes everything so much easier.

Where she started:

  • Total unsecured debt: $12,614.00
  • Estimated interest charges: $7,188.72
  • Time to payoff: 11 years, 11 months
  • Total monthly payments: $504.56

After DMP enrollment:

  • Average negotiated interest rate: 10.63%
  • Total interest charges: $3,452.21
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $312.00
Time Saved:
7 years, 7 months
Monthly Savings:
$192.56
Interest Saved:
$3,736.51
Todd from Ewa Beach, HI

This is a great service! They’re always very helpful whenever I have a question.

Where he started:

  • Total unsecured debt: $37,083.45
  • Estimated interest charges: $21,491.50
  • Time to payoff: 14 years, 7 months
  • Total monthly payments: $1,483.34

After DMP enrollment:

  • Average negotiated interest rate: 8.50%
  • Total interest charges: $5,973.73
  • Time to payoff: 4 years
  • Total monthly payment: $897.00
Time Saved:
10 years, 7 months
Monthly Savings:
$586.34
Interest Saved:
$15,517.77