Residents find relief from credit card debt through consolidation.
With an average credit utilization ratio over 35% and an average credit score of 677, Louisianans face an uphill battle with debt. The average credit user in Louisiana owes $6,514. Many residents are turning to balance transfer credit cards to get out of debt. But low credit scores and high utilization ratios mean that do-it-yourself debt solutions don’t always work effectively. This means many Louisiana cardholders will need help if they want to become debt-free.
The good news is that there’s a program available that can help people get out of debt, regardless of their credit score or how much they owe. Consolidated Credit has helped thousands of Louisianans find debt relief. Now we’re here to help you, too. If you’re working to eliminate debt and need help, call us at (844) 325-8087 for a free, confidential debt and budget evaluation from a certified credit counselor.
Case Study
Deborah
from
La Place, LA
“We’re very happy with the service and to be on our way to being debt free.
”
Where
she
started:
Total unsecured debt: $17,158.16
Estimated interest charges: $9,409.35
Time to payoff: 11 years
Total monthly payments: $686.33
After DMP enrollment:
Average negotiated interest rate: 4.87%
Total interest charges: $1,985.35
Time to payoff: 4 years, 3 months
Total monthly payment: $380.00
Time Saved
6 years, 9 months
Monthly Savings
$306.33
Interest Saved
$7,424.00
Case Study
Susan and Donald
from
Montegut, LA
“A very painless and satisfying experience. 🙂 Very professional attitude from all.
”
Where
they
started:
Total unsecured debt: $24,165.00
Estimated interest charges: $13,740.14
Time to payoff: 12 years, 6 months
Total monthly payments: $966.60
After DMP enrollment:
Average negotiated interest rate: 5.13%
Total interest charges: $3,004.55
Time to payoff: 4 years, 7 months
Total monthly payment: $498.00
Time Saved
7 years, 11 months
Monthly Savings
$468.60
Interest Saved
$10,735.59
Case Study
Wanda
from
North Farmerville, LA
“It’s a great service that consolidated my bills into one monthly payment and lowered my interest rates. Try it! This program is for anyone that is serious about getting out of debt. They are serious about helping you. I’m so glad I called.
”
Where
she
started:
Total unsecured debt: $12,892.00
Estimated interest charges: $7,102.91
Time to payoff: 10 years, 4 months
Total monthly payments: $515.68
After DMP enrollment:
Average negotiated interest rate: 8.30%
Total interest charges: $1,920.15
Time to payoff: 2 years, 7 months
Total monthly payment: $476.00
Time Saved
7 years, 9 months
Monthly Savings
$39.68
Interest Saved
$5,182.76
Get the relief you need from credit card debt today. Talk to a certified credit counselor to review your debts and find the best solution for you needs.
The statistics below can help you understand the financial situation the average family in Louisiana faces with debt today.
Household credit card debt: $10,623
Total credit card debt in the state: $17,102,936,975
Average number of cards per user: 2.89
Average credit card debt per user: $6,514
Credit card delinquency rate: 10.98%
Average credit card late fee: $25
Credit card fraud reports per capita: 12.51
Average credit score: 677
This chart shows a breakdown of average consumer debt in Louisiana, based on the latest Household Debt report from the Federal Reserve.
Debt relief Louisiana: See our program in action!
These case studies come from real clients of Consolidated Credit who live in Louisiana. This can give you an idea of how our program has helped your neighbors. If you face similar changes with high interest rate credit card debt, we can help.
Ready to see if you qualify for a debt management program from Consolidated Credit. Talk to a certified credit counselor now for a free evaluation.
This content is based on accredited financial data gathered from reputable sources, such as government websites, credit bureaus, and nonprofit organizations. All articles are written by certified credit counselors and fact checked by certified financial experts.
Our team strives to provide educational content that fully informs readers of all their options as they relate to debt, credit and personal finance. Our goal is to give readers the information they need to make informed financial decisions on their own.
This article contains references that provide sources for the financial data we used. The numbers in brackets [1,2,3] are clickable links to each data source or study referenced.
