Debt Consolidation in Action: Washington

Learn how your neighbors are addressing their challenges with debt.

When it comes to credit card debt, no one state has a corner market on facing challenges. On the other hand, the average unsecured debt for Washington credit users is higher than the national average ($4,965) – and puts Washington at number 12 of the top 20 states for high balances.

The information below can help you understand how debt is affecting you and your neighbors in Washington. If you’re tired of struggling on your own and think consolidation may be the right option for relief, give us a call at or use our online application to ask for help now.

Debt statistics in Washington

Want to know what you can expect with consolidation through a debt management program? Here’s how the program has helped other Washington residents overcome their issues with debt.

  • Average credit card debt: $5,269 per borrower[1]
  • 90-day credit card delinquency rate: 1.00%
  • Average student debt: $24,418
  • Student loan default rate: 11.80%
  • % of homes underwater (mortgage more than value): 14.68%
  • Mortgage delinquency rate for underwater homes: 5.22%
  • Average debt in collections: $5,795

[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)

Ken from Kent, WA

You did a great job of helping me get through some major financial issues.

Where he started:

  • Total unsecured debt: $22,923.00
  • Estimated interest charges: $12,994.84
  • Time to payoff: 12 years, 2 months
  • Total monthly payments: $916.92

After DMP enrollment:

  • Average negotiated interest rate: 4.37%
  • Total interest charges: $1,741.97
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $455.00
Time Saved:
7 years, 9 months
Monthly Savings:
$461.92
Interest Saved:
$11,252.87
Liz from Puyallup, WA

When I stumbled across Consolidated Credit it’s seemed too easy to be true but we decided to give it a try. Now 2½ years later I couldn’t be happier. We could never have paid this off on our own.

Where she started:

  • Total unsecured debt: $55,638.00
  • Estimated interest charges: $32,117.78
  • Time to payoff: 16 years, 1 months
  • Total monthly payments: $2,225.52

After DMP enrollment:

  • Average negotiated interest rate: 6.27%
  • Total interest charges: $4,208.58
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,137.00
Time Saved:
11 years, 9 months
Monthly Savings:
$1,088.52
Interest Saved:
$27,909.20
Stephanie from Quincy, WA

Very helpful. Consolidated Credit was willing to work with me to help me finally get out from under my debt.

Where she started:

  • Total unsecured debt: $35,271.00
  • Estimated interest charges: $20,530.09
  • Time to payoff: 14 years, 6 months
  • Total monthly payments: $1,410.84

After DMP enrollment:

  • Average negotiated interest rate: 6.40%
  • Total interest charges: $3,809.84
  • Time to payoff: 3 years, 7 months
  • Total monthly payment: $891.00
Time Saved:
10 years, 11 months
Monthly Savings:
$519.84
Interest Saved:
$16,720.25