Debt Relief Indiana

See how other Indianans are overcoming challenges with debt.

Indianans aren’t short on challenges when it comes to debt. The average household owes almost $7,000 to credit card companies. And the average credit utilization ratio stands at over 31%. According to leading credit experts, anything over 30% utilization is bad for your credit score. It’s no wonder that the most popular credit card in Indiana is a balance transfer card. That’s a credit card that you use for debt consolidation. But these types of cards won’t necessarily solve every problem with debt.

The information below can help understand how credit card debt impacts consumers in Indiana. We’ve also provided some case studies from clients we’ve helped through our debt management program. If you’re struggling to pay off credit card debt, we can help. Call Consolidated Credit today at 1-888-294-3130 to request a free debt analysis from a certified credit counselor.

Indiana credit card debt statistics

We’ve compiled the following statistics to help you understand the state of debt in Indiana today:

  • Average credit card debt per household: $6,958 [1]
  • Average available credit limit: $12,954 [2]
  • Credit utilization ratio (debt vs available limit): 31.6% [2]
  • Average number of cards: 2.77 [3]
  • % of accounts that are delinquent (at least 90 days past due): 31.6% [4]
  • Average credit score: 667 [3]
  • Most popular type of credit card: Balance transfer  [5]

Debt relief Indiana: See our program in action!

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

Misty from Oolitic, IN

I absolutely LOVE Consolidated Credit! They have helped me dig out of a debt hole!! Thank you!!!

Where he started:

  • Total unsecured debt: $10,585.00
  • Estimated interest charges: $5,500.56
  • Time to payoff: 9 years, 4 months
  • Total monthly payments: $430.80

After DMP enrollment:

  • Average negotiated interest rate: 1.41%
  • Total interest charges: $48.69
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $205.00
Time Saved:
5 years
Monthly Savings:
$225.80
Interest Saved:
$5,451.87
Patricia from Wadesville, IN

Very knowledgeable and helpful. Excellent team! Creative with solutions. Thank you, thank you, thank you!!!

Where she started:

  • Total unsecured debt: $45,630.00
  • Estimated interest charges: $26,919.11
  • Time to payoff: 14 years, 11 months
  • Total monthly payments: $1,825.20

After DMP enrollment:

  • Average negotiated interest rate: 6.27%
  • Total interest charges: $3,650.30
  • Time to payoff: 4 years, 1 months
  • Total monthly payment: $1,006.00
Time Saved:
10 years, 10 months
Monthly Savings:
$819.20
Interest Saved:
$22,968.81
Sherron from Indianapolis, IN

My experience with Consolidated Credit was wonderful. They were always helpful when I called and accommodated me if there was an issue. I would and have recommended them to my family and friends.

Where she started:

  • Total unsecured debt: $50,839.00
  • Estimated interest charges: $29,618.18
  • Time to payoff: 14 years, 6 months
  • Total monthly payments: $2,033.56

After DMP enrollment:

  • Average negotiated interest rate: 8.20%
  • Total interest charges: $7,513.52
  • Time to payoff: 4 years
  • Total monthly payment: $1,219.00
Time Saved:
10 years, 6 months
Monthly Savings:
$814.56
Interest Saved:
$22,104.66