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Debt Relief in Action: South Carolina

South Carolinians use credit counseling to address challenges with credit card debt.

Debt problems aren’t isolated to South Carolina, but residents are definitely having a harder time when it comes to certain types of debt than consumers in other parts of the country – particularly when it comes to credit card debt. The average household owes $10,760.

As a result, many residents of South Carolina have sought solutions that will help them regain control faster than traditional payment means, including credit counseling. The information below can help you understand the state of debt in South Carolina and how some residents have used a debt management program to overcome those challenges. If you’re struggling, call us at (844) 326-7539 or complete an online application to get a free debt and budget analysis from a certified credit counselor.

Work with us to find the debt relief solution that meets your needs. We’ve helped other South Carolinians do the same.

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Debt Statistics in South Carolina

The following statistics can provide some perspective on how debt is currently impacting residents of the state:

  • Household credit card debt: $10,760
  • Total credit card debt in the state: $19,854,532,974
  • Average number of cards per user: 2.96
  • Average credit card debt: 6,980
  • Credit card delinquency rate: 10.4
  • Average credit card late fee: $24
  • Credit card fraud reports per capita: 12.79
  • Average credit score: 688

This chart shows a breakdown of average consumer debt in South Carolina, based on the latest report of Household Debt report from the Federal Reserve.

2023 household debt in South Carolina from Fed Reserve

Debt Relief South Carolina: See our program in action

Case Study

Andres from Liberty, SC

“I have peace of mind not having to worry about making all of those payments every month. Consolidated Credit takes care of all of it for me. ”

Where he started:
  • Total unsecured debt: $27,050.00
  • Estimated interest charges: $14,965.31
  • Time to payoff: 12 years
  • Total monthly payments: $1,082.00
After DMP enrollment:
  • Average negotiated interest rate: 5.51%
  • Total interest charges: $5,005.04
  • Time to payoff: 3 years
  • Total monthly payment: $837.00
Time Saved

9 years

Monthly Savings

$245.00

Interest Saved

$9,960.27

Case Study

Ara from Bishopville, SC

“I have had nothing but excellent service from Consolidated Credit. Thanks for all your help. ”

Where she started:
  • Total unsecured debt: $21,026.00
  • Estimated interest charges: $12,109.83
  • Time to payoff: 12 years, 10 months
  • Total monthly payments: $841.04
After DMP enrollment:
  • Average negotiated interest rate: 8.05%
  • Total interest charges: $3,208.41
  • Time to payoff: 4 years, 9 months
  • Total monthly payment: $425.00
Time Saved

8 years, 1 month

Monthly Savings

$416.04

Interest Saved

$8,901.42

Case Study

Jonathan from Duncan, SC

“Consolidated Credit has been extremely helpful in our efforts to get out of debt! Awesome help with interest rates and creating an affordable monthly payment. Startup was simple and the whole process was easy to follow through the website. ”

Where he started:
  • Total unsecured debt: $16,438.00
  • Estimated interest charges: $9,356.80
  • Time to payoff: 12 years, 8 months
  • Total monthly payments: $657.56
After DMP enrollment:
  • Average negotiated interest rate: 3.75%
  • Total interest charges: $1,362.43
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $341.00
Time Saved

8 years, 3 months

Monthly Savings

$316.56

Interest Saved

$7,994.37

Start your journey to debt relief! Get a free debt and budget evaluation from a certified credit counselor today and find out if you are eligible for a debt relief program.

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