Debt Consolidation in Action: Nevada

Overcoming personal challenges with debt through credit counseling.

Borrowers aren’t exactly having an easy time with debt no matter they live in the U.S. but borrowers from Nevada are definitely faced with an uphill battle. Nearly one in four homes is underwater because the value of the home doesn’t even match the remaining balance on the mortgage. Five out of every 100 borrowers have at least one account that’s past due, while almost half have at least one debt in collections.

Luckily, there are solutions that can often help struggling borrowers find relief and regain control. If you’re facing challenges with debt that you can’t overcome on your own, give us a call at or complete an online application to request a free debt analysis from a certified credit counselor.

Debt Statistics in Nevada

The following statistics can provide some perspective on how debt is currently impacting Nevada residents:

  • Average credit card debt: $4,851 per borrower [1]
  • 90-day credit card delinquency rate: 1.77%
  • Average student debt: $21,666
  • Student loan default rate: 15.60%
  • % of homes underwater (mortgage more than value): 23.02%
  • Mortgage delinquency rate for underwater homes: 9.60%
  • % with past due debt (late, but not in default): 3.76%
  • % with some type of debt in collections: 46.90%
  • Average debt in collections: $7,189

[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)

Joan from Henderson, NV

I have to thank Consolidated Credit for the great customer service that I received while going through the process of debt consolidation. I was receiving up to 18 calls per day before I called. I wish that I did this years ago.

Where she started:

  • Total unsecured debt: $28,014.00
  • Estimated interest charges: $15,544.62
  • Time to payoff: 12 years, 1 month
  • Total monthly payments: $1,121.80

After DMP enrollment:

  • Average negotiated interest rate: 4.51%
  • Total interest charges: $4,091.41
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $611.00
Time Saved:
7 years, 8 months
Monthly Savings:
$510.80
Interest Saved:
$11,453.21
Priscilla from Las Vegas, NV

I am very appreciative of the services that I have received from every staff member I’ve worked with. Thank you!

Where she started:

  • Total unsecured debt: $6,460.00
  • Estimated interest charges: $3,496.61
  • Time to payoff: 8 years, 11 months
  • Total monthly payments: $258.40

After DMP enrollment:

  • Average negotiated interest rate: 9.67%
  • Total interest charges: $1,359.59
  • Time to payoff: 3 years, 8 months
  • Total monthly payment: $179.00
Time Saved:
5 years, 3 months
Monthly Savings:
$79.40
Interest Saved:
$2,137.02