Debt Relief Massachusetts

Learn how credit card debt impacts consumers in Massachusetts and how your neighbors are fighting back.

When it comes to challenges with credit card debt, most credit users in Massachusetts have a handle on their debt. Residents have an average credit limit of almost $20,000, which is much higher than the national average. However, the average credit user only utilizes about 26% of their available limit. That’s good for consumer credit scores. And the average household owes just over $6,000, which is much lower than the average in other states.

The information below can help you understand how credit card debt impacts people in Massachusetts, as well as how credit counseling has helped some to overcome those challenges. If you’re facing an uphill battle with high-balance debt, call us at 1-888-294-3130 to request a free confidential debt evaluation from a certified credit counselor.

Massachusetts credit card debt statistics

The data below can help you understand the state of consumer credit card debt in Massachusetts.

  • Average credit card debt per household: $6,277 [1]
  • Average available credit limit: $19,648 [2]
  • Credit utilization ratio (debt vs available limit): 26.26% [2]
  • Average number of cards: 3.21 [3]
  • % of accounts that are delinquent (at least 90 days past due): 6.64% [4]
  • Average credit score: 699 [3]
  • Most popular type of credit card: Travel rewards [5]

Debt relief Massachusetts: See our program in action!

The following case studies come from real clients of Consolidated Credit who live in Massachusetts. This can give you an idea of how we’ve helped some of your neighbors, so you can decide if we can help you, too.

Anthony from Charlton, MA

Any issue that has come up has been taken care of ASAP. It’s amazing that we’ve paid of $70,000 of our debt in 4 years! Thanks for the help!

Where he started:

  • Total unsecured debt: $99,753.00
  • Estimated interest charges: $58,713.66
  • Time to payoff: 15 years, 9 months
  • Total monthly payments: $3,990.12

After DMP enrollment:

  • Average negotiated interest rate: 7.20%
  • Total interest charges: $14,997.58
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $2,089.00
Time Saved:
11 years, 2 months
Monthly Savings:
$1,901.12
Interest Saved:
$43,716.08
Kelly from Worcester, MA

Consolidated Credit has turned my life around!!! With one last payment left, I will finally be debt free!!

Where she started:

  • Total unsecured debt: $21,094.00
  • Estimated interest charges: $11,897.64
  • Time to payoff: 12 years
  • Total monthly payments: $843.76

After DMP enrollment:

  • Average negotiated interest rate: 3.32%
  • Total interest charges: $1,347.91
  • Time to payoff: 4 years, 7 months
  • Total monthly payment: $408.00
Time Saved:
7 years, 5 months
Monthly Savings:
$435.76
Interest Saved:
$10,549.73
Lyle from Wilbraham, MA

Consolidated Credit has been very helpful to us. It’s a great feeling paying down our debt.

Where he started:

  • Total unsecured debt: $30,053.00
  • Estimated interest charges: $17,297.09
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $1,208.24

After DMP enrollment:

  • Total interest charges: $8,906.05
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $746.00
Time Saved:
10 years, 8 months
Monthly Savings:
$462.24
Interest Saved:
$8,391.04