Debt Consolidation in Action: Oregon

How credit counseling has helped some residents achieve debt freedom.

Oregonians have an interesting relationship with personal debt. They have lower student loan balances and fewer underwater mortgages than national averages, but higher delinquency and default rates than people in other parts of the country. According to statistics, for the average Oregonian, when the situation with debt gets bad, it unfortunately gets really bad.

But many residents have found ways to overcome these challenges. In many cases, debt consolidation through a credit counseling agency has provided a means for residents to regain control. The information below can help you understand how debt currently impacts residents and how some have regained stability through credit counseling. If need help finding a path forward, call us at or fill out an online application to request a free and confidential debt analysis from a certified credit counselor today.

Debt Statistics in Oregon

The following statistics provide a quick snapshot of personal debt in Oregon today:

  • Average credit card debt: $4,773 per borrower [1]
  • 90-day credit card delinquency rate: 1.05%
  • Average student debt: $25,577
  • Student loan default rate: 14.30%
  • % of homes underwater (mortgage more than value): 12.01%
  • Mortgage delinquency rate for underwater homes: 6.16%
  • % with past due debt (late, but not in default): 4.50%
  • % with some type of debt in collections: 30.50%
  • Average debt in collections: $5,456

[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)

Darlene from Milwaukie, OR

Thank you so much for all of your help. We are so grateful for your services and all the help you provide.

Where she started:

  • Total unsecured debt: $56,641.00
  • Estimated interest charges: $32,846.24
  • Time to payoff: 14 years, 3 months
  • Total monthly payments: $2,265.64

After DMP enrollment:

  • Average negotiated interest rate: 5.95%
  • Total interest charges: $9,151.58
  • Time to payoff: 4 years, 8 months
  • Total monthly payment: $1,193.00
Time Saved:
9 years, 7 months
Monthly Savings:
$1,072.64
Interest Saved:
$23,694.66
Larry from Dalles, OR

Consolidated Credit has been quite accommodating whenever we have a problem. I can’t tell you how much we appreciate the chance to get back on track.

Where he started:

  • Total unsecured debt: $27,912.00
  • Estimated interest charges: $16,114.80
  • Time to payoff: 13 years, 10 months
  • Total monthly payments: $1,116.48

After DMP enrollment:

  • Average negotiated interest rate: 9.38%
  • Total interest charges: $6,086.13
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $667.00
Time Saved:
9 years, 7 months
Monthly Savings:
$449.48
Interest Saved:
$10,028.67
Manual from White City, OR

Great customer service! Every time I call, there is always an employee ready and willing to help me with whatever I need.

Where he started:

  • Total unsecured debt: $18,990.00
  • Estimated interest charges: $10,129.32
  • Time to payoff: 10 years, 8 months
  • Total monthly payments: $759.60

After DMP enrollment:

  • Average negotiated interest rate: 5.02%
  • Total interest charges: $1,535.89
  • Time to payoff: 4 years, 1 months
  • Total monthly payment: $421.00
Time Saved:
6 years, 7 months
Monthly Savings:
$338.60
Interest Saved:
$8,593.43