Debt Relief Connecticut

See how Connecticuters are cutting through problems with credit card debt.

The average Connecticut household owes more than $12,000 to credit card companies. That kind of debt can take years or even decades to pay off, especially if you’re only making minimum payments. There is a debt relief option that works for Connecticut residents’ budgets: consumer credit counseling.

The information below is designed to help you understand where Connecticuters stand with credit card debt. It also shows how Consolidated Credit has helped other credit users get out of debt, saving time and money. If you’re ready to find relief, call us at (844) 276-1544 to speak with a certified credit counselor for a free debt and budget evaluation.

Stop struggling to pay off high interest rate credit card debt on your own. Talk to a certified credit counselor now for a free debt evaluation to find your best option for relief.

Connecticut credit card debt statistics

  • Average credit card debt per household: $12,315
  • Average available credit limit: $36,272
  • Average number of cards: 3.23
  • Average credit score: 717

This chart shows a breakdown of average consumer debt in Connecticut, based on the latest report of Household Debt report from the Federal Reserve.

2023 household debt in Connecticut from Fed Reserve

Debt relief Connecticut: See our program in action!

The following case studies are from real Consolidated Credit clients who live in Connecticut. This can help you better understand what you can expect if you are eligible to consolidate debt through a debt management program.

Case Study

Michael from West Haven, CT

“My credit cards were out of control and I was having trouble keeping up with the payments. Consolidated Credit put me on a plan that made it easy. Without their help I would have ruined my credit. ”

Where he started:
  • Total unsecured debt: $24,249.00
  • Estimated interest charges: $14,053.59
  • Time to payoff: 14 years
  • Total monthly payments: $969.96
After DMP enrollment:
  • Average negotiated interest rate: 8.95%
  • Total interest charges: $4,566.57
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $552.00
Time Saved

9 years, 7 months

Monthly Savings

$417.96

Interest Saved

$9,477.02

Case Study

Trent from Glastonbury, CT

“We are grateful to be working with an honest, reliable, and effective debt reduction company like Consolidated Credit. Their program is really working for us! ”

Where he started:
  • Total unsecured debt: $20,798.00
  • Estimated interest charges: $12,099.42
  • Time to payoff: 14 years, 1 months
  • Total monthly payments: $831.92
After DMP enrollment:
  • Average negotiated interest rate: 6.67%
  • Total interest charges: $2,419.63
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $453.00
Time Saved

9 years. 9 months

Monthly Savings

$378.92

Interest Saved

$9,679.79

Case Study

Michelle from Colchester, CT

“Consolidated Credit is fantastic and always makes me feel comfortable on the phone. ”

Where she started:
  • Total unsecured debt: $39,340.00
  • Estimated interest charges: $22,845.07
  • Time to payoff: 14 years
  • Total monthly payments: $1,573.60
After DMP enrollment:

  • Average negotiated interest rate: 8.97%
  • Total interest charges: $10,803.58
  • Time to payoff: 5 years, 5 months
  • Total monthly payment: $759.00
Time Saved

8 years, 7 months

Monthly Savings

$814.60

Interest Saved

$12,041.49

Want to know if Consolidated Credit can help you, too? Talk to a certified credit counselor for a free debt evaluation.