Debt Relief Missouri

Take a look at the state of debt in Missouri and the impact of credit counseling.

Missourians face no shortage of challenges when it comes to credit card debt. The average cardholder owes almost $6,500, utilizing more than 31% of their available credit; anything higher than 30% is bad for your credit score. It’s no wonder that these days, the most popular credit card in Missouri is a balance transfer credit card. Those are cards specifically used for debt consolidation, but if you owe more than $5,000 they aren’t always an effective solution to get out of debt.

Luckily, there’s a solution that helps Missouri credit users pay off credit card debt, regardless of how much they owe or how low their credit score is. Credit counseling can help you find the best solution to get out of debt for your unique financial situation. So, you can get out of debt fast, without overpaying. If you need help getting out of debt, call 1-888-294-3130 to request a free debt and budget evaluation from a certified credit counselor.

Missouri credit card debt statistics

The following stats can help you understand the situation people in Missouri currently face when it comes to personal debt:

  • Average credit card debt per household: $6,491 [1]
  • Average available credit limit: $13,835 [2]
  • Credit utilization ratio (debt vs available limit): 31.24% [2]
  • Average number of cards: 2.91 [3]
  • % of accounts that are delinquent (at least 90 days past due): 7.3% [4]
  • Average credit score: 675 [3]
  • Most popular type of credit card: Balance transfer [5]

Debt Relief Missouri: See our program in action!

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

Cheryl from Fallon, MO

Consolidated Credit has helped me get rid of all the bills that have accumulated over the years. I can’t thank you enough!

Where she started:

  • Total unsecured debt: $99,162.00
  • Estimated interest charges: $58,738.00
  • Time to payoff: 17 years
  • Total monthly payments: $3,966.48

After DMP enrollment:

  • Average negotiated interest rate: 5.18%
  • Total interest charges: $16,348.07
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $2,084.00
Time Saved:
12 years, 7 months
Monthly Savings:
$1,882.48
Interest Saved:
$42,390.17
Gerald from Fallon, MO

This program has reduced my interest rate and I can already see my payments making an impact.

Where he started:

  • Total unsecured debt: $29,318.00
  • Estimated interest charges: $17,211.27
  • Time to payoff: 15 years, 1 month
  • Total monthly payments: $1,172.72

After DMP enrollment:

  • Average negotiated interest rate: 7.33%
  • Total interest charges: $4,970.42
  • Time to payoff: 4 years, 2 months
  • Total monthly payment: $645.00
Time Saved:
10 years, 11 months
Monthly Savings:
$527.72
Interest Saved:
$12,240.85
Linda from Kansas City, MO

Consolidated Credit has been awesome! No worries, no fret. Thank you so much for being there for my family!

Where she started:

  • Total unsecured debt: $41,689.00
  • Estimated interest charges: $24,381.00
  • Time to payoff: 14 years, 7 months
  • Total monthly payments: $1,667.56

After DMP enrollment:

  • Average negotiated interest rate: 5.46%
  • Total interest charges: $3,258.75
  • Time to payoff: 4 years
  • Total monthly payment: $892.00
Time Saved:
10 years, 7 months
Monthly Savings:
$775.56
Interest Saved:
$21,122.25