Debt Consolidation in Action: New Hampshire

Residents overcome challenges with debt to achieve financial stability.

When it comes to personal debt, statistically New Hampshire residents are fairly on par with the rest of the U.S. – mortgage and credit card delinquency are close to national averages, as are the stats for collectible debts. On the other hand, average student loan debt is much higher than the national average of $26,529 by over $6,000. The state also boasts the 11th highest average credit card debt in the nation. Those burdens can bring significant financial stress to borrowers.

Thankfully, New Hampshirites have found ways to achieve and maintain financial stability in spite of these challenges. Many borrowers have turned to debt consolidation to reduce credit card debt. If you’re in debt and exploring options to regain control of your own financial life, we can help. Call Consolidated Credit at or fill out an online application to request a free, confidential debt analysis from a certified credit counselor.

Debt Statistics in New Hampshire

The stats below can help you understand where the average New Hampshire family stands with debt today:

  • Average credit card debt: $5,327 [1]
  • 90-day credit card delinquency rate: 1.15%
  • Average student debt: $32,795
  • Student loan default rate: 8.40%
  • % of homes underwater (mortgage more than value): 3.61%
  • Mortgage delinquency rate for underwater homes: 2.72%
  • % with past due debt (late, but not in default): 5.00%
  • % with some type of debt in collections: 27.40%
  • Average debt in collections: $5,862

[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)

Barbara from Bethlehem, NH

My experience has been nothing but excellent.

Where she started:

  • Total unsecured debt: $20,370.00
  • Estimated interest charges: $11,716.12
  • Time to payoff: 12 years, 6 months
  • Total monthly payments: $814.80

After DMP enrollment:

  • Average negotiated interest rate: 7.93%
  • Total interest charges: $3,585.24
  • Time to payoff: 4 years, 2 months
  • Total monthly payment: $486.00
Time Saved:
8 years, 4 months
Monthly Savings:
$328.80
Interest Saved:
$8,130.88
Richard from Dover, NH

Debt free in 4 years – what would have been a lifetime… Priceless! I sleep at night now. Seeing my debt go down each month and lifted my spirits and made me SMILE every time!

Where he started:

  • Total unsecured debt: $6,927.00
  • Estimated interest charges: $3,903.32
  • Time to payoff: 11 years, 2 months
  • Total monthly payments: $277.08

After DMP enrollment:

  • Average negotiated interest rate: 2.00%
  • Total interest charges: $310.63
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $142.00
Time Saved:
6 years, 11 months
Monthly Savings:
$135.08
Interest Saved:
$3,592.69
Robin from Manchester, NH

All of the representatives have been knowledgeable, helpful and professional.

Where he started:

  • Total unsecured debt: $23,278.00
  • Estimated interest charges: $13,208.13
  • Time to payoff: 14 years
  • Total monthly payments: $931.12

After DMP enrollment:

  • Average negotiated interest rate: 6.30%
  • Total interest charges: $2,321.85
  • Time to payoff: 3 years, 9 months
  • Total monthly payment: $570.00
Time Saved:
10 years, 3 months
Monthly Savings:
$361.12
Interest Saved:
$10,886.28