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Debt Relief Louisiana

Residents find relief from credit card debt through consolidation.

With an average credit utilization ratio over 35% and an average credit score of 650, Louisianans face an uphill battle with debt. The average credit user in Louisiana owes over $7,200. 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) 276-1544 for a free, confidential debt and budget evaluation from a certified credit counselor.

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.

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Louisiana credit card debt statistics

The statistics below can help you understand the financial situation the average family in Louisiana faces with debt today.

  • Average credit card debt per household: $7,260 [1]
  • Average available credit limit: $11,224 [2]
  • Credit utilization ratio (debt vs available limit): 35.25% [2]
  • Average number of cards: 2.77 [3]
  • % of accounts that are delinquent (at least 90 days past due): 7.78% [4]
  • Average credit score: 650 [3]
  • Most popular type of credit card: Balance transfer [5]

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.

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

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.

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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/