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Debt Relief in Action: Washington

Learn how your neighbors in Washington are finding debt relief.

When it comes to credit card debt, no one state has a corner market on facing challenges. On the other hand, the average unsecured debt for Washington credit users is higher than the national average at $4,965. That puts Washington at number 12 of the top 20 states for high balances. Per household, the average credit card debt rises to $8,108.

The information below can help you understand how debt is affecting you and your neighbors in Washington. If you’re tired of struggling on your own and think consolidation may be the right option for debt relief, give us a call at (844) 276-1544 or use our online application to ask for help now.

Having trouble with credit card debt? We can help you find the right solution for your needs. Join other Washingtonians who are finding debt relief!

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Debt statistics in Washington

Want to know what you can expect with consolidation through a debt management program? Here’s how the program has helped other Washington residents overcome their issues with debt.

  • Average credit card debt per household: $8,108 [1]
  • Average available credit limit: $22,162 [2]
  • Credit utilization ratio (debt vs available limit): 25.93% [2]
  • Average number of cards: 2.99 [3]
  • % of accounts that are delinquent (at least 90 days past due): 2.26% [4]
  • Average credit score: 693 [3]
  • Most popular type of credit card: Travel rewards  [5]\

Debt Relief Washington: See our program in action

Case Study

Ken from Kent, WA

“You did a great job of helping me get through some major financial issues. ”

Where he started:
  • Total unsecured debt: $22,923.00
  • Estimated interest charges: $12,994.84
  • Time to payoff: 12 years, 2 months
  • Total monthly payments: $916.92
After DMP enrollment:
  • Average negotiated interest rate: 4.37%
  • Total interest charges: $1,741.97
  • Time to payoff: 4 years, 5 months
  • Total monthly payment: $455.00
Time Saved

7 years, 9 months

Monthly Savings

$461.92

Interest Saved

$11,252.87

Case Study

Liz from Puyallup, WA

“When I stumbled across Consolidated Credit it’s seemed too easy to be true but we decided to give it a try. Now 2½ years later I couldn’t be happier. We could never have paid this off on our own. ”

Where she started:
  • Total unsecured debt: $55,638.00
  • Estimated interest charges: $32,117.78
  • Time to payoff: 16 years, 1 months
  • Total monthly payments: $2,225.52
After DMP enrollment:
  • Average negotiated interest rate: 6.27%
  • Total interest charges: $4,208.58
  • Time to payoff: 4 years, 4 months
  • Total monthly payment: $1,137.00
Time Saved

11 years, 9 months

Monthly Savings

$1,088.52

Interest Saved

$27,909.20

Case Study

Stephanie from Quincy, WA

“Very helpful. Consolidated Credit was willing to work with me to help me finally get out from under my debt. ”

Where she started:
  • Total unsecured debt: $35,271.00
  • Estimated interest charges: $20,530.09
  • Time to payoff: 14 years, 6 months
  • Total monthly payments: $1,410.84
After DMP enrollment:
  • Average negotiated interest rate: 6.40%
  • Total interest charges: $3,809.84
  • Time to payoff: 3 years, 7 months
  • Total monthly payment: $891.00
Time Saved

10 years, 11 months

Monthly Savings

$519.84

Interest Saved

$16,720.25

Find out if you meet the requirements for a debt relief program. Talk to a certified credit counselor for a free debt and budget evaluation now and get the credit card debt relief you deserve.

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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/