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Debt Relief Oregon

More than $24.8 million in debt resolved.

Oregonians have an interesting relationship with personal debt. They have lower student loan balances and fewer underwater mortgages than national averages, but higher delinquency and default rates than people in other parts of the country. According to statistics, for the average Oregonian, when the situation with debt gets bad, it unfortunately gets really bad. In fact, the average credit card debt per household in Oregon is $8,619.

But many residents have found ways to overcome these challenges. In many cases, debt consolidation through a credit counseling agency has provided a means for residents to regain control. The information below can help you understand how debt currently impacts residents and how some have regained stability through credit counseling. If need help finding a path forward, call us at (844) 276-1544 or fill out an online application to request a free and confidential debt analysis from a certified credit counselor today.

We’ve helped other residents of Oregon become debt-free. We can help you, too. Start your journey out of debt today.

Oregon Credit Card Debt Statistics

The following statistics provide a quick snapshot of personal debt in Oregon today:

Average credit card debt per household: $8,619 ^[1]
Average available credit limit: $17,860 ^[2]
Credit utilization ratio (debt vs available limit): 27.39% ^[2]
Average number of cards: 2.95 ^[3]
% of accounts that are delinquent (at least 90 days past due): 5.99% ^[4]
Average credit score:688 ^[3]
Most popular type of credit card: Travel rewards ^[5]

Debt Relief Oregon: See our program in action

Case Study

Darlene from Milwaukie, OR

“Thank you so much for all of your help. We are so grateful for your services and all the help you provide. ”

Where she started:

Total unsecured debt: $56,641.00
Estimated interest charges: $32,846.24
Time to payoff: 14 years, 3 months
Total monthly payments: $2,265.64

After DMP enrollment:

Average negotiated interest rate: 5.95%
Total interest charges: $9,151.58
Time to payoff: 4 years, 8 months
Total monthly payment: $1,193.00

Time Saved

9 years, 7 months

Monthly Savings

$1,072.64

Interest Saved

$23,694.66

Case Study

Larry from Dalles, OR

“Consolidated Credit has been quite accommodating whenever we have a problem. I can’t tell you how much we appreciate the chance to get back on track. ”

Where he started:

Total unsecured debt: $27,912.00
Estimated interest charges: $16,114.80
Time to payoff: 13 years, 10 months
Total monthly payments: $1,116.48

After DMP enrollment:

Average negotiated interest rate: 9.38%
Total interest charges: $6,086.13
Time to payoff: 4 years, 3 months
Total monthly payment: $667.00

Time Saved

9 years, 7 months

Monthly Savings

$449.48

Interest Saved

$10,028.67

Case Study

Manual from White City, OR

“Great customer service! Every time I call, there is always an employee ready and willing to help me with whatever I need. ”

Where he started:

Total unsecured debt: $18,990.00
Estimated interest charges: $10,129.32
Time to payoff: 10 years, 8 months
Total monthly payments: $759.60

After DMP enrollment:

Average negotiated interest rate: 5.02%
Total interest charges: $1,535.89
Time to payoff: 4 years, 1 months
Total monthly payment: $421.00

Time Saved

6 years, 7 months

Monthly Savings

$338.60

Interest Saved

$8,593.43

Want to get rid of your debt? Contact a certified credit counselor now for a free budget and debt 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/