New York Debt Consolidation in Action
Consolidated Credit offers New York State debt consolidation programs that help people get out of debt faster.
Debt consolidation in New York works in largely the same way as in other states. Still, no two people have the same experience with debt, and where you live has an impact on your ability to manage your money and address challenges you may face every day. From the income you’re able to earn where you live to the state of the real estate market around you, there are plenty of factors that affect your ability to manage debt based on your state or region.
The information below is designed to help you understand how New York debt consolidation works when you sign up for a debt management program with Consolidated Credit. We’ve helped thousands of your neighbors get the help they need. Now we’re here to help you. Call or ask for help now through our online application.
Debt statistics in New York
The following statistics can give you a better idea of how New Yorkers are handling debt in today’s economy:
- Average credit card debt per household: $8,764 [1]
- Average available credit limit: $19,164 [2]
- Credit utilization ratio (debt vs available limit): 27.32% [2]
- Average number of cards: 3.34 [3]
- % of accounts that are delinquent (at least 90 days past due): 8.32% [4]
- Average credit score: 688 [3]
- Most popular type of credit card: Travel rewards [5]
Carole from Esperance, NYA close family member highly recommended your services, and now so would I. You helped to make going through an unpleasant financial situation less embarrassing.
Where she started:
- Total unsecured debt: $16,500.00
- Estimated interest charges: $9,141.04
- Time to payoff: 11 years, 11 months
- Total monthly payments: $660.00
After DMP enrollment:
- Average negotiated interest rate: 9.33%
- Total interest charges: $2,818.04
- Time to payoff: 4 years, 3 months
- Total monthly payment: $375.00
Christopher from New York , NYConsolidated Credit helped me get out of debt fast. Their customer service reps are very friendly and understanding. Their debt management program is the best.
Where he started:
- Total unsecured debt: $26,505.00
- Estimated interest charges: $15,396.98
- Time to payoff: 13 years, 10 months
- Total monthly payments: $1,060.20
After DMP enrollment:
- Average negotiated interest rate: 7.50%
- Total interest charges: $4,592.62
- Time to payoff: 4 years, 2 months
- Total monthly payment: $607.00
Kevin from Montgomery, NYI’ve been very satisfied with Consolidated Credit. The representatives are very professional every time I call. I would strongly recommend them to anyone with substantial debt.
Where he started:
- Total unsecured debt: $12,385.00
- Estimated interest charges: $6,798.39
- Time to payoff: 11 years
- Total monthly payments: $495.40
After DMP enrollment:
- Average negotiated interest rate: 4.20%
- Total interest charges: $667.44
- Time to payoff: 2 years 6 months
- Total monthly payment: $440.00
