Debt Relief New Mexico
New Mexico is known as the “Land of Enchantment” for its captivating culture, cuisine, scenery and architecture. Tourism and military are two of the largest industries in the state, although the oil and gas industry accounts for a large part of the state’s economy, as New Mexico is the third-largest producer of crude oil and natural gases in the country. Unfortunately for New Mexico, the pandemic heavily affected their economy in 2020 as consumers raked in average credit card balances of $5,978.
“New Mexico is facing unemployment rates higher than national averages, and higher debt levels as a result,” says Gary Herman, president of Consolidated Credit. “New Mexico residents need to focus on paying down credit card debt and shoring up savings to ensure they can maintain financial stability in the face of this economic uncertainty.”
Thank you for your application!
Consolidated Credit has helped over 10.2 million people find relief from debt. Now we’re here to help you.
A Certified Credit Counselor will be calling you at the number you provided. They’ll complete your free debt and budget analysis, then discuss the best options for getting out of debt with you. If a debt management program is right for you, your counselor can also help you enroll immediately.
For immediate assistance, please call:
Hours of Operation:
Monday – Thursday 8AM to 10PM (EST)
Friday and Saturday 8AM to 8PM (EST)
Sunday 9AM to 5PM (EST)
5701 West Sunrise Blvd.
Fort Lauderdale FL 33313
Consumer Debt in New Mexico
This chart shows a breakdown of average consumer debt in New Mexico based on the latest Household Debt report from the Federal Reserve.
In 2020, 2,365 New Mexicans filed for bankruptcy compared to the previous year’s filing total of 3,046.