Debt Consolidation in Action: Montana

When debt problems arise, Montanans take action.

Compared to national statistics, the residents of Montana have a pretty good handle on managing personal debt. Residents have lower than average student loan default, mortgage delinquency rates, low credit card delinquency and default rates. That’s not to say that Montanans don’t face challenges, but when they do they tend to be proactive about finding solutions posthaste.

This page is designed to help you understand household debt in Montana, as well as how some residents have used credit counseling to find relief from challenges with credit card debt. If you’re fighting your own battle to eliminate debt, we’re here to help. Call Consolidated Credit today at or complete an online application to request a free, confidential debt analysis from a certified credit counselor.

Debt Statistics in Montana

The following statistics provide a comprehensive picture of the current state of personal debt in Montana:

  • Average credit card debt: $4,565 per borrower [1]
  • 90-day credit card delinquency rate: 0.92%
  • Average student debt: $27,568
  • Student loan default rate: 10.50%
  • % of homes underwater (mortgage more than value): 12.07%
  • Mortgage delinquency rate for underwater homes: 2.07%
  • % with past due debt (late, but not in default): 4.10%
  • % with some type of debt in collections: 26.20%
  • Average debt in collections: $6,543

[1] https://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)

Cheryl from Butte, MT

These people are great to work with and go out of their way to answer questions and help you.

Where she started:

  • Total unsecured debt: $7,453.00
  • Estimated interest charges: $4,092.27
  • Time to payoff: 10 years, 5 months
  • Total monthly payments: $298.12

After DMP enrollment:

  • Average negotiated interest rate: 0.63%
  • Total interest charges: $121.50
  • Time to payoff: 4 years
  • Total monthly payment: $161.00
Time Saved:
6 years, 5 months
Monthly Savings:
$137.12
Interest Saved:
$3,970.77
Diana from Helena, MT

The reps have always been on top of things and they’re easy to work with.

Where she started:

  • Total unsecured debt: $21,475.80
  • Estimated interest charges: $12,253.77
  • Time to payoff: 11 years, 5 months
  • Total monthly payments: $859.03

After DMP enrollment:

  • Average negotiated interest rate: 6.34%
  • Total interest charges: $2,983,68
  • Time to payoff: 4 years, 1 month
  • Total monthly payment: $499.00
Time Saved:
7 years, 4 months
Monthly Savings:
$360.03
Interest Saved:
$9,270.09
Justin from Billings, MT

It has been wonderful working with Consolidated Credit. Thanks!

Where he started:

  • Total unsecured debt: $53,997.00
  • Estimated interest charges: $31,259.97
  • Time to payoff: 14 years, 9 months
  • Total monthly payments: $2,159.88

After DMP enrollment:

  • Average negotiated interest rate: 6.29%
  • Total interest charges: $8,206.11
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,214.00
Time Saved:
10 years, 5 months
Monthly Savings:
$945.88
Interest Saved:
$23,053.86