Debt Relief Maryland

Marylanders use credit counseling to overcome challenges with debt.

When it comes to personal debt, no one state has the corner market on problems, but Maryland residents certainly face an uphill battle. The average household credit card balance is almost $8,000. Roughly 6 out of every 100 consumers is more than 90 days behind with a payment. And the average credit user currently uses more than 30% of their available credit limit. That means lower credit scores and fewer options for debt relief.

Still, many borrowers are finding the right solution for debt with the help of a certified credit counselor. Credit counseling can help you identify the right debt solution for your unique finanical situation. If you have debt and need a solution to regain financial freedom, call Consolidated Credit today at 1-888-294-3130 for a free, confidential debt analysis from a certified professional.

Maryland credit card debt statistics

The following statistics can provide a little perspective on the current state of household debt in Maryland:

  • Average credit card debt per household: $7,913 [1]
  • Average available credit limit: $17,335 [2]
  • Credit utilization ratio (debt vs available limit): 30.91% [2]
  • Average number of cards: 3.16 [3]
  • % of accounts that are delinquent (at least 90 days past due): 6.8% [4]
  • Average credit score: 672 [3]
  • Most popular type of credit card: Travel rewards [5]

Debt relief Maryland: See our program in action!

The following case studies come from real clients of Consolidated Credit who live in Maryland. This can give you an idea of how we’ve been able to help some of your neighbors, so you can decide if credit counseling is right for you.

Aaron from Rockville, MD

This is a great service!

Where he started:

  • Total unsecured debt: $44,198.00
  • Estimated interest charges: $25,759.74
  • Time to payoff: 14 years
  • Total monthly payments: $1,767.92

After DMP enrollment:

  • Average negotiated interest rate: 8.30%
  • Total interest charges: $8,385.72
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,016.00
Time Saved:
9 years, 8 months
Monthly Savings:
$751.92
Interest Saved:
$17,374.02
Ana from Olney, MD

Every phone call has been pleasant and helpful. Thanks!

Where she started:

  • Total unsecured debt: $58,363.00
  • Estimated interest charges: $34,385.22
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $2,334.52

After DMP enrollment:

  • Average negotiated interest rate: 8.32%
  • Total interest charges: $12,118.05
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $1,302.00
Time Saved:
10 years, 6 months
Monthly Savings:
$1,032.52
Interest Saved:
$22,267.17
Damon from Columbia, MD

Consolidated Credit has made it possible for me to take charge of my finances. Not only are my bills getting paid, there is no hassle from my creditors. And the creditors did not put negative remarks on my credit report for consolidating my bills.

Where he started:

  • Total unsecured debt: $13,332.00
  • Estimated interest charges: $7,746.20
  • Time to payoff: 13 years, 6 months
  • Total monthly payments: $533.28

After DMP enrollment:

  • Average negotiated interest rate: 7.20%
  • Total interest charges: $2,453.91
  • Time to payoff: 4 years, 9 months
  • Total monthly payment: $281.00
Time Saved:
8 years, 9 months
Monthly Savings:
$252.28
Interest Saved:
$5,292.29