Debt Consolidation in Action: Illinois

See how we’ve helped your Illinoisan neighbors find the relief they need.

Recent data shows the average U.S. consumer carries a total of $4,965 in credit card debt , but residents in Illinois have slightly more debt than residents in other states. With an average unsecured debt load of $5,166 per borrower, Illinoisans rank 15th for high credit card debt in the nation.

With that in mind, it’s no surprise that Consolidated Credit’s certified counselors have worked with so many Illinois residents to overcome problems with debt. Below you’ll find information about some of your neighbors who we’ve helped. If you’re struggling with debt and looking for a solution, we can help. Call or request help through our online application.

Debt statistics in Illinois

Here’s a more in-depth and big-picture look at the situation Illinoisans face with debt today:

  • Average credit card debt: $5,166 per borrower[1]
  • 90-day credit card delinquency rate: 1.21%
  • Average student debt: $28,543
  • Student loan default rate: 13.10%
  • % of homes underwater (mortgage more than value): 22.41%
  • Mortgage delinquency rate for underwater homes: 6.25%
  • Average debt in collections: $5,101

[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)

Gail from Third Lake, IL

Everything has gone smoothly. We’re very pleased with program and the customer service has been awesome. The website is easy to navigate, too. Thank you!

Where she started:

  • Total unsecured debt: $40,962.00
  • Estimated interest charges: $23,944.43
  • Time to payoff: 15 years, 2 months
  • Total monthly payments: $1,628.48

After DMP enrollment:

  • Average negotiated interest rate: 6.76%
  • Total interest charges: $7,042.83
  • Time to payoff: 4 years, 2 months
  • Total monthly payment: $961.00
Time Saved:
11 years
Monthly Savings:
$677.48
Interest Saved:
$16,901.60
Jan from Prospect Heights, IL

Consolidated Credit is great. You all have helped me through a really difficult time in my life.

Where she started:

  • Total unsecured debt: $84,908.00
  • Estimated interest charges: $49,932.98
  • Time to payoff: 15 years, 7 months
  • Total monthly payments: $3,396.32

After DMP enrollment:

  • Average negotiated interest rate: 6.74%
  • Total interest charges: $12,622.27
  • Time to payoff: 4 years, 8 months
  • Total monthly payment: $1,762.00
Time Saved:
10 years, 11 months
Monthly Savings:
$1,634.32
Interest Saved:
$37,310.71
Jason from Sterling, IL

I’m so thankful I came across this help on the internet. It’s been a life saver!

Where he started:

  • Total unsecured debt: $17,162.00
  • Estimated interest charges: $9,791.37
  • Time to payoff: 12 years, 6 months
  • Total monthly payments: $686.48

After DMP enrollment:

  • Average negotiated interest rate: 2.25%
  • Total interest charges: $1,489.34
  • Time to payoff: 4 years 3 months
  • Total monthly payment: $370.00
Time Saved:
8 years, 3 months
Monthly Savings:
$316.48
Interest Saved:
$8,302.03