When debt problems arise, Montanans take action.

When it comes to credit card debt, Montanans go big. The average credit user currently has a credit card debt of $6,247. Many Montanans use a debt transfer card to deal with their debt. That’s a type of credit that you use for debt consolidation. But it doesn’t always work. If you owe more than $5,000 or have less than excellent credit, balance transfers aren’t always an effective solution for consolidating debt.

Luckily, there’s a solution that helps people get out of debt, regardless of how much they owe or how low their credit score is. This page can help you understand the benefit of finding debt relief through consumer credit counseling. If you’re fighting your own battle to eliminate debt, we’re here to help. Call Consolidated Credit today at (866) 613-3131 to request a free, confidential debt analysis from a certified credit counselor.

Ready to see if you can find debt relief with the help of a certified credit counselor. Get a free debt and budget evaluation now to discuss your options.

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Montana credit card debt statistics

The following statistics provide a comprehensive picture of the current state of personal debt in Montana:

Household credit card debt: $9,710
Total credit card debt in the state: $3,931,422,350
Average number of cards per user: 2.58
Average credit card debt per user: $6,247
Credit card delinquency rate: 7.24
Average credit card late fee: $20
Credit card fraud reports per capita: 3.76
Average credit score: 717

This chart shows a breakdown of average consumer debt in Montana, based on the latest report of Household Debt report from the Federal Reserve.

2023 household debt in Montana from Fed Reserve

Debt Relief Montana: See our program in action!

The following case studies come from real clients of Consolidated Credit who live in Montana. This can give you an idea of how we’ve been able to help some of your neighbors find debt relief. If you’re struggling to pay off debt, talk to a certified credit counselor to see if our program can help you, too.

Case Study

Cheryl from Butte, MT

“These people are great to work with and go out of their way to answer questions and help you. ”

Where she started:

Total unsecured debt: $7,453.00
Estimated interest charges: $4,092.27
Time to payoff: 10 years, 5 months
Total monthly payments: $298.12

After DMP enrollment:

Average negotiated interest rate: 0.63%
Total interest charges: $121.50
Time to payoff: 4 years
Total monthly payment: $161.00

Time Saved

6 years, 5 months

Monthly Savings

$137.12

Interest Saved

$3,970.77

Case Study

Diana from Helena, MT

“The reps have always been on top of things and they’re easy to work with. ”

Where she started:

Total unsecured debt: $21,475.80
Estimated interest charges: $12,253.77
Time to payoff: 11 years, 5 months
Total monthly payments: $859.03

After DMP enrollment:

Average negotiated interest rate: 6.34%
Total interest charges: $2,983,68
Time to payoff: 4 years, 1 month
Total monthly payment: $499.00

Time Saved

7 years, 4 months

Monthly Savings

$360.03

Interest Saved

$9,270.09

Case Study

Justin from Billings, MT

“It has been wonderful working with Consolidated Credit. Thanks! ”

Where he started:

Total unsecured debt: $53,997.00
Estimated interest charges: $31,259.97
Time to payoff: 14 years, 9 months
Total monthly payments: $2,159.88

After DMP enrollment:

Average negotiated interest rate: 6.29%
Total interest charges: $8,206.11
Time to payoff: 4 years, 4 months
Total monthly payment: $1,214.00

Time Saved

10 years, 5 months

Monthly Savings

$945.88

Interest Saved

$23,053.86

Don’t keep struggling to pay off debt with traditional payments! Talk to a certified credit counselor to find a better way to get out of debt.

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