Home » Debt Relief Programs in Action: Case Studies from Real Clients » New Hampshire

Debt Relief New Hampshire

Residents overcome challenges with debt to achieve financial stability.

When it comes to personal debt, statistically New Hampshire residents are fairly on par with the rest of the U.S. – mortgage and credit card delinquency are close to national averages, as are the stats for collectible debts. On the other hand, average student loan debt is much higher than the national average of $26,529 by over $6,000. The state also boasts the 11th highest average credit card debt in the nation. Those burdens can bring significant financial stress to borrowers.

Thankfully, New Hampshirites have found ways to achieve and maintain financial stability in spite of these challenges. Many borrowers have turned to debt consolidation to reduce credit card debt. If you’re in debt and exploring options to regain control of your own financial life, we can help. Call Consolidated Credit at (844) 276-1544 or fill out an online application to request a free, confidential debt analysis from a certified credit counselor.

Are you struggling with credit card debt? We’ve helped other New Hampshire residents find debt relief, and we can help you, too. Find the best solution for you today.

Debt Statistics in New Hampshire

The stats below can help you understand where the average New Hampshire family stands with debt today:

Average credit card debt per household: $6,838 ^[1]
Average available credit limit: $17,679 ^[2]
Credit utilization ratio (debt vs available limit): 30.37% ^[2]
Average number of cards: 3.1 ^[3]
% of accounts that are delinquent (at least 90 days past due): 6.07% ^[4]
Average credit score: 701 ^[3]
Most popular type of credit card: Cash back rewards ^[5]

Debt Relief New Hampshire: See our program in action

Case Study

Barbara from Bethlehem, NH

“My experience has been nothing but excellent. ”

Where she started:

Total unsecured debt: $20,370.00
Estimated interest charges: $11,716.12
Time to payoff: 12 years, 6 months
Total monthly payments: $814.80

After DMP enrollment:

Average negotiated interest rate: 7.93%
Total interest charges: $3,585.24
Time to payoff: 4 years, 2 months
Total monthly payment: $486.00

Time Saved

8 years, 4 months

Monthly Savings

$328.80

Interest Saved

$8,130.88

Case Study

Richard from Dover, NH

“Debt free in 4 years – what would have been a lifetime… Priceless! I sleep at night now. Seeing my debt go down each month and lifted my spirits and made me SMILE every time! ”

Where he started:

Total unsecured debt: $6,927.00
Estimated interest charges: $3,903.32
Time to payoff: 11 years, 2 months
Total monthly payments: $277.08

After DMP enrollment:

Average negotiated interest rate: 2.00%
Total interest charges: $310.63
Time to payoff: 4 years, 3 months
Total monthly payment: $142.00

Time Saved

6 years, 11 months

Monthly Savings

$135.08

Interest Saved

$3,592.69

Case Study

Robin from Manchester, NH

“All of the representatives have been knowledgeable, helpful and professional. ”

Where he started:

Total unsecured debt: $23,278.00
Estimated interest charges: $13,208.13
Time to payoff: 14 years
Total monthly payments: $931.12

After DMP enrollment:

Average negotiated interest rate: 6.30%
Total interest charges: $2,321.85
Time to payoff: 3 years, 9 months
Total monthly payment: $570.00

Time Saved

10 years, 3 months

Monthly Savings

$361.12

Interest Saved

$10,886.28

Want to know if you qualify for a debt management program? Reach out to our certified credit counselors today for a free debt and budget evaluation.

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/