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Debt Relief Ohio

See how other Ohio residents are meeting challenges with debt head-on.

Credit card debt problems aren’t unique to Ohioans, but the financial environment for neighbors is often similar enough that it’s worth taking a look at how debt impacts people where you live. It can also be helpful to look at what they’ve done to regain control and see the success they’ve had to inspire your own journey. The average Ohio household has $5,446 in credit card debt, and Ohioans also have a high credit utilization ratio of 30.59%. Anything over 30% is bad for your credit score.

That’s why we’ve created this page to help you understand how debt is affecting people in Ohio and what they’ve done to overcome those challenges. If you’re struggling with debt, call us today at (844) 276-1544 to request help now.

There’s never been a better time to start getting rid of your debt. Contact us today.

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Ohio Credit Card Debt Statistics

Here’s a quick look at how debt is affecting people in Ohio, in general:

  • Average credit card debt per household: $5,446 [1]
  • Average available credit limit: $14,176 [2]
  • Credit utilization ratio (debt vs available limit): 30.59% [2]
  • Average number of cards: 3.02 [3]
  • % of accounts that are delinquent (at least 90 days past due): 7.16% [4]
  • Average credit score: 678 [3]
  • Most popular type of credit card: Cash back rewards [5]

Debt Relief Ohio: See our program in action

Case Study

Kevin from Toledo, OH

“We were overwhelmed by debt and our problems snowballed quickly. We were in danger of losing everything in bankruptcy but Consolidated Credit put us on a plan to be debt free. Words can’t express how amazing this feels! ”

Where he started:
  • Total unsecured debt: $26,732.00
  • Estimated interest charges: $15,027.21
  • Time to payoff: 13 years, 4 months
  • Total monthly payments: $1,069.28
After DMP enrollment:
  • Average negotiated interest rate: 9.38%
  • Total interest charges: $4,642.99
  • Time to payoff: 3 years, 11 months
  • Total monthly payment: $651.00
Time Saved

9 years, 5 months

Monthly Savings

$418.28

Interest Saved

$10,384.22

Case Study

Selina from Lorain, OH

“I’ve had no worries since signing on with Consolidated Credit and I will be debt free in a few months. ”

Where she started:
  • Total unsecured debt: $18,545.00
  • Estimated interest charges: $9,988.70
  • Time to payoff: 11 years, 11 months
  • Total monthly payments: $741.80
After DMP enrollment:
  • Average negotiated interest rate: 9.47%
  • Total interest charges: $3,011.23
  • Time to payoff: 3 years, 5 months
  • Total monthly payment: $512.00
Time Saved

7 years, 8 months

Monthly Savings

$229,80

Interest Saved

$6,977.47

Case Study

Stacy from Baltimore, OH

“Thank you to Consolidated Credit and all your reps. Everyone has been so helpful and understanding. ”

Where she started:
  • Total unsecured debt: $44,884.88
  • Estimated interest charges: $25,711.24
  • Time to payoff: 14 years, 3 months
  • Total monthly payments: $1,803.95
After DMP enrollment:
  • Average negotiated interest rate: 8.50%
  • Total interest charges: $5,048.34
  • Time to payoff: 4 years
  • Total monthly payment: $1,013.00
Time Saved

10 years, 3 months

Monthly Savings

$790.95

Interest Saved

$20,662.90

Join other debt-free Ohioans! Reach out now and get a free debt and budget evaluation from a certified credit counselor to start getting out of debt.

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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/