Struggling with credit card debt?
Get your FREE quote today!

Debt Relief Iowa

See how Iowans are finding debt relief with the help of Consolidated Credit.

With an average credit card balance of almost $7,000, Iowans are not short on challenges with credit card debt. The average cardholder currently uses over 31% of their available credit. Anything higher than 30% is bad for your credit score, meaning do-it-yourself options for debt consolidation don’t work as effectively. If you have this much debt, you will often need professional help to pay it off effectively.

The information below can help you understand how credit card debt affects consumers Iowa. We also provide some case studies to show how we’ve helped some your neighbors overcome their challenges with credit card debt. If you’re working to get ahead of your own issues with debt, call us at (844) 276-1544 to request a free consultation from a certified credit counselor.

Ready to see if Consolidated Credit can help you, too? Talk to a certified credit counselor for a free debt evaluation to see if you qualify for a debt management program.

Find Relief Today

 Iowa credit card debt statistics

Here’s the situation that Iowans are currently facing when it comes to credit card debt:

  • Average credit card debt per household: $6,696 [1]
  • Average available credit limit: $13,935 [2]
  • Credit utilization ratio (debt vs available limit): 31.06% [2]
  • Average number of cards: 2.67 [3]
  • % of accounts that are delinquent (at least 90 days past due): 6.08% [4]
  • Average credit score: 695 [3]
  • Most popular type of credit card: Cash back rewards [5]

Debt relief Iowa: See our program in action!

The following case studies come from real clients of Consolidated Credit who live in Iowa. This can help you understand how our program has helped other residents to find debt relief. That way, you can decide if the program is right for you.

Case Study

Ava from Mount Pleasant, IA

“The service has been optimal at meeting our needs. My experience has been good and I’m thankful you were here to help when I really needed it. ”

Where she started:
  • Total unsecured debt: $40,700.49
  • Estimated interest charges: $23,913.17
  • Time to payoff: 16 years, 3 months
  • Total monthly payments: $1,628.02
After DMP enrollment:
  • Average negotiated interest rate: 7.54%
  • Total interest charges: $8,895.21
  • Time to payoff: 3 years, 10 months
  • Total monthly payment: $1,059.00
Time Saved

12 years, 5 months

Monthly Savings

$569.02

Interest Saved

$15,017.96

Case Study

Linda from Yarmouth, IA

“Working with Consolidated Credit has been awesome. Great service! ”

Where she started:
  • Total unsecured debt: $14,725.00
  • Estimated interest charges: $7,570.18
  • Time to payoff: 11 years, 4 months
  • Total monthly payments: $589.00
After DMP enrollment:
  • Average negotiated interest rate: 10.38%
  • Total interest charges: $4,263.14
  • Time to payoff: 4 years, 11 months
  • Total monthly payment: $310.00
Time Saved

6 years, 5 months

Monthly Savings

$279.00

Interest Saved

$3,307.04

Case Study

Patricia from Red Oak, IA

“Thank God for this service. Being a single Mom plus putting 3 children through college left me in a financial quagmire that I thought I would never be free of. Now I have one payment left. ”

Where she started:
  • Total unsecured debt: $52,321.00
  • Estimated interest charges: $30,507.29
  • Time to payoff: 14 years, 10 months
  • Total monthly payments: $2,092.84
After DMP enrollment:
  • Average negotiated interest rate: 9.74%
  • Total interest charges: $10,463.96
  • Time to payoff: 3 years, 11 months
  • Total monthly payment: $1,339.00
Time Saved

10 years, 11 months

Monthly Savings

$753.84

Interest Saved

$20,043.33

Consolidated Credit has helped over 10 million people find relief from credit card debt. Let us help you customize a solution to get out of debt that works for your budget.

Get Help Now
Sources:
[1] https://www.valuepenguin.com/average-credit-card-debt#by-region
[2] https://www.creditsesame.com/blog/credit-cards/states-maxing-out-their-credit-cards/
[3] https://www.experian.com/blogs/ask-experian/state-of-credit/
[4] https://www.creditsesame.com/blog/debt/states-that-dont-pay-bill-on-time/
[5] https://www.nerdwallet.com/blog/credit-cards/most-popular-credit-cards-state-map-2015/