Debt Consolidation in Action: Ohio

See how other Ohio residents are meeting challenges with debt head-on.

Credit card debt problems aren’t unique to Ohioans, but the financial environment for neighbors is often similar enough that it’s worth taking a look at how debt impacts people where you live. It can also be helpful to look at what they’ve done to regain control and see the success they’ve had to inspire your own journey.

 

That’s why we’ve created this page to help you understand how debt is affecting people in Ohio and what they’ve done to overcome those challenges. If you’re struggling with debt, call us today at or use our online application to request help now.

Debt statistics in Ohio

Here’s a quick look at how debt is affecting people in Ohio, in general:

  • Average credit card debt per household: $5,446 [1]
  • Average available credit limit: $14,176 [2]
  • Credit utilization ratio (debt vs available limit): 30.59% [2]
  • Average number of cards: 3.02 [3]
  • % of accounts that are delinquent (at least 90 days past due): 7.16% [4]
  • Average credit score: 678 [3]
  • Most popular type of credit card: Cash back rewards [5]
Kevin from Toledo, OH

We were overwhelmed by debt and our problems snowballed quickly. We were in danger of losing everything in bankruptcy but Consolidated Credit put us on a plan to be debt free. Words can’t express how amazing this feels!

Where he started:

  • Total unsecured debt: $26,732.00
  • Estimated interest charges: $15,027.21
  • Time to payoff: 13 years, 4 months
  • Total monthly payments: $1,069.28

After DMP enrollment:

  • Average negotiated interest rate: 9.38%
  • Total interest charges: $4,642.99
  • Time to payoff: 3 years, 11 months
  • Total monthly payment: $651.00
Time Saved:
9 years, 5 months
Monthly Savings:
$418.28
Interest Saved:
$10,384.22
Selina from Lorain, OH

I’ve had no worries since signing on with Consolidated Credit and I will be debt free in a few months.

Where she started:

  • Total unsecured debt: $18,545.00
  • Estimated interest charges: $9,988.70
  • Time to payoff: 11 years, 11 months
  • Total monthly payments: $741.80

After DMP enrollment:

  • Average negotiated interest rate: 9.47%
  • Total interest charges: $3,011.23
  • Time to payoff: 3 years, 5 months
  • Total monthly payment: $512.00
Time Saved:
7 years, 8 months
Monthly Savings:
$229,80
Interest Saved:
$6,977.47
Stacy from Baltimore, OH

Thank you to Consolidated Credit and all your reps. Everyone has been so helpful and understanding.

Where she started:

  • Total unsecured debt: $44,884.88
  • Estimated interest charges: $25,711.24
  • Time to payoff: 14 years, 3 months
  • Total monthly payments: $1,803.95

After DMP enrollment:

  • Average negotiated interest rate: 8.50%
  • Total interest charges: $5,048.34
  • Time to payoff: 4 years
  • Total monthly payment: $1,013.00
Time Saved:
10 years, 3 months
Monthly Savings:
$790.95
Interest Saved:
$20,662.90