Debt Relief Programs in Action in Colorado

We’ve helped  Colorado credit users resolve $33.9 million in credit card debt in the past two years alone.

According to recent statistics, the average household in Colorado owes just over $9,000 to credit card companies. But the average Colorado credit user that comes to Consolidated Credit owes much more than that – $14,000. But whether you owe $5,000 or $50,000 (or more) Consolidated Credit’s debt management program has helped thousands of Coloradans find debt relief, and it may be able to help you, too.

Every financial situation is different, but the case studies below show you how our program has helped other people in your state find the debt relief they need. If you’re struggling to pay off your own balances, call to speak with a certified credit counselor. They can help you review all your options for debt relief, so you can find the best solution for your needs.

Debt Statistics in Colorado

It should be noted that Coloradans didn’t earn that top 10 ranking for debt finesse for lack of debt to eliminate. In fact, they have the second highest average credit card debt balance in the country – second only to Alaskans!

  • Average credit card debt per household: $9,108 [1]
  • Average available credit limit: $18,651 [2]
  • Credit utilization ratio (debt vs available limit): 27.83% [2]
  • Average number of cards: 3.13 [3]
  • % of accounts that are delinquent (at least 90 days past due): 6.3% [4]
  • Average credit score: 688 [3]
  • Most popular type of credit card: Travel rewards [5]

Debt Relief Colorado: See our program in action

Jennifer from Highlands Ranch, CO

Consolidated Credit has helped me so much and in 4 years with less than one to go, most of the credit card debt I accumulated in a decade of overspending is gone and I’m almost debt free.

Where she started:

  • Total unsecured debt: $23,977.00
  • Estimated interest charges: $13,121.43
  • Time to payoff: 11 years, 11 months
  • Total monthly payments: $959.08

After DMP enrollment:

  • Average negotiated interest rate: 5.20%
  • Total interest charges: $2,684.55
  • Time to payoff: 4 years, 3 months
  • Total monthly payment: $529.00
Time Saved:
7 years, 8 months
Monthly Savings:
$430.08
Interest Saved:
$10,436.88
Kimberly from Boulder, CO

I’ve been very happy with the services. You’re always helpful with excellent service and customer support. I’m really glad I found you and it’s comforting to know my credit card debt will be gone soon.

Where she started:

  • Total unsecured debt: $17,960.21
  • Estimated interest charges: $9,890.11
  • Time to payoff: 10 years, 10 months
  • Total monthly payments: $718.41

After DMP enrollment:

  • Average negotiated interest rate: 3.29%
  • Total interest charges: $1,181.93
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $370.00
Time Saved:
6 years, 6 months
Monthly Savings:
$348.41
Interest Saved:
$8,708.18
Michael from Arvada, CO

I’m finally on the road to recovery! Thanks.

Where he started:

  • Total unsecured debt: $53,115.00
  • Estimated interest charges: $30,604.24
  • Time to payoff: 15 years, 5 months
  • Total monthly payments: $2,124.60

After DMP enrollment:

  • Average negotiated interest rate: 6.92%
  • Total interest charges: $9,937.81
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,218.00
Time Saved:
11 years, 1 month
Monthly Savings:
$906.60
Interest Saved:
$20,666.43