Debt Consolidation in Action: Oklahoma

See how your neighbors are addressing issues with debt through credit counseling.

No state has the corner market on challenges with debt, but by and large Oklahomans are doing pretty well when it comes to meeting those challenges compared to residents of other states. For instance, although Oklahomans rank 24th for high credit card debt balances in the U.S. they fall behind on their bills less than 2 percent of the time. And while over 12 percent of homes are still underwater after the market collapse in 2009, less than 4 percent of those homeowners have fallen behind on their mortgage payments.

Still, debt problems aren’t always easy to overcome on your own. If you’re working to face your own challenges head-on, you don’t have to go it alone. Call Consolidated Credit at or complete an online application to ask for a free confidential debt evaluation from a certified credit counselor.

Debt statistics in Oklahoma

These are the latest statistics for the state of debt in Nebraska. This can give you a better idea of the situation you and your neighbors face.

  • Average credit card debt: $4,854 per borrower[1]
  • 90-day credit card delinquency rate: 1.43%
  • Average student debt: $22,174
  • Student loan default rate: 15.70%
  • % of homes underwater (mortgage more than value): 12.17%
  • Mortgage delinquency rate for underwater homes: 3.99%
  • Average debt in collections: $5,012

[1] http://www.washingtonpost.com/blogs/govbeat/wp/2013/08/20/ranking-the-states-credit-card-debt/

All other statistics are brought to you by America’s Voice on Debt (AVOD)

Latoya from Tulsa, OK

These services have been a blessing to me because it’s take a load off my shoulders.

Where she started:

  • Total unsecured debt: $6,842.00
  • Estimated interest charges: $3,220.00
  • Time to payoff: 6 years, 10 months
  • Total monthly payments: $273.68

After DMP enrollment:

  • Average negotiated interest rate: 9.26%
  • Total interest charges: $1,300.67
  • Time to payoff: 3 years
  • Total monthly payment: $224.00
Time Saved:
3 years, 10 months
Monthly Savings:
$49.68
Interest Saved:
$1,919.33
Michael from Norman, OK

I don’t think I could have gotten with a better company for the job I needed done. My experience with Consolidated has made me so much more comfortable with my debt situation.

Where he started:

  • Total unsecured debt: $8,515.00
  • Estimated interest charges: $4,350.11
  • Time to payoff: 9 years, 3 months
  • Total monthly payments: $340.60

After DMP enrollment:

  • Average negotiated interest rate: 11.47%
  • Total interest charges: $1,705.92
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $255.00
Time Saved:
5 years, 11 months
Monthly Savings:
$85.60
Interest Saved:
$2,644.91
Suzanne from Broken Arrow, OK

We struggled for a long time and realized there was just no way to get out of this mess without help. My call to Consolidated was a last-ditch ever to figure out a solution and now we have a plan that’s making headway on getting rid of this debt.

Where she started:

  • Total unsecured debt: $103,452.00
  • Estimated interest charges: $61,565.00
  • Time to payoff: 17 years, 11 months
  • Total monthly payments: $4,138.08

After DMP enrollment:

  • Average negotiated interest rate: 6.69%
  • Total interest charges: $18,541.81
  • Time to payoff: 4 years, 8 months
  • Total monthly payment: $2,180.00
Time Saved:
13 years, 3 months
Monthly Savings:
$1,958.08
Interest Saved:
$43,023.19