Debt Consolidation in Action: Pennsylvania

See how we’ve helped your neighbors find relief to inspire your own journey.

Pennsylvanians don’t have a monopoly on debt problems, but residents do face some unique challenges. For instance, although the average credit card debt per borrower in Pennsylvania is lower than the national average of $4,965, Pennsylvanians carry some of the highest student loan debt balances in the nation. Additionally, roughly fifteen out of every one hundred homes is valued less than the remaining balance on its mortgage.

These challenges kinds of challenges can make it difficult to maintain financial stability, especially if you also happen to be struggling personally with credit card debt. The information below can help you understand your situation. If you’re working to regain control, call us at or complete an online application to request a free confidential debt evaluation from a certified credit counselor.

Debt statistics in Pennsylvania

Here is what the current financial environment looks like in Pennsylvania.

  • Average credit card debt: $4,629 per borrower[1]
  • 90-day credit card delinquency rate: 1.31%
  • Average student debt: $32,528
  • Student loan default rate: 11.60%
  • % of homes underwater (mortgage more than value): 14.98%
  • Mortgage delinquency rate for underwater homes: 6.01%
  • Average debt in collections: $4,952

[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)

Donna from Brackenridge, PA

This was the most painless, hassle-free experience ever. I would highly recommend Consolidated Credit to anyone in serious debt.

Where she started:

  • Total unsecured debt: $24,709.00
  • Estimated interest charges: $14,319.46
  • Time to payoff: 13 years, 3 months
  • Total monthly payments: $818.04

After DMP enrollment:

  • Average negotiated interest rate: 4.33%
  • Total interest charges: $2,549.95
  • Time to payoff: 5 years
  • Total monthly payment: $457.00
Time Saved:
8 years, 3 months
Monthly Savings:
$361.04
Interest Saved:
$11,769.51
Joe from Monessen, PA

Consolidated Credit is helping us get our lives back on track. Starting from a very scary situation, we’re making progress to be free of crippling debt in just a few years.

Where he started:

  • Total unsecured debt: $72,516.00
  • Estimated interest charges: $42,624.15
  • Time to payoff: 16 years, 7 months
  • Total monthly payments: $2,900.64

After DMP enrollment:

  • Average negotiated interest rate: 5.28%
  • Total interest charges: $10,765.25
  • Time to payoff: 4 years, 8 months
  • Total monthly payment: $1,496.00
Time Saved:
11 years, 11 months
Monthly Savings:
$1,404.64
Interest Saved:
$31,858.90
Keith from Wind Gap, PA

To go from over $30,000 in debt down to just over $300 now is an amazing thing. Couldn’t have done it without Consolidated. You’re an awesome group that really does care.

Where he started:

  • Total unsecured debt: $30,858.00
  • Estimated interest charges: $17,882.31
  • Time to payoff: 14 years, 1 month
  • Total monthly payments: $1,234.32

After DMP enrollment:

  • Average negotiated interest rate: 5.44%
  • Total interest charges: $3,402.86
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $649.00
Time Saved:
9 years, 8 months
Monthly Savings:
$585.32
Interest Saved:
$14,479.45