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Debt Relief in Action: West Virginia

Over $16.6 million of debt resolved in the past two years.

There is no shortage of challenges when it comes to personal debt for West Virginians. The latest available data says that the average West Virginia household has $9,022 in credit card debt. Citizens in this state collectively owe $5,891,783,543, an increase of $164,431,275 from the beginning of the year. In addition, the most popular credit card in West Virginia is balance transfer, indicating that many residents are trying to eliminate their debt. These kinds of challenges can make it difficult to maintain stability even with a strict budget.

Luckily, there are ways to overcome challenges with debt when traditional payment methods fail to produce results. Many residents have regained financial control with the help of credit counseling services and programs that consolidate debt. If you’re struggling and need help achieving financial freedom, call Consolidated Credit at (844) 276-1544 or complete an online application to request a free debt analysis today.

Discover a debt solution that is right for you. If you are a West Virginia resident struggling with credit card debt, we can help you get the debt relief you need.

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Debt Statistics in West Virginia

The following statistics can help you understand the state of debt as it stands today in West Virginia. They show what situation the average borrower faces when it comes to household debt:

  • Household credit card debt: $9,022
  • Total credit card debt in the state: $5,891,783,543
  • Average number of cards per user: 2.9831
  • Average credit card debt per user: $7,102
  • Credit card delinquency rate: 10.46%
  • Average credit card late fee: $24
  • Credit card fraud reports per capita: 03.63
  • Average credit score: 689

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

2023 household debt in West Virginia from Fed Reserve

Debt Relief West Virginia: See our program in action

Case Study

Daniel from Fairmont, WV

“They were extremely helpful setting me up and they have been honest 100%. Consolidated Credit really helped me get my finances under control! ”

Where he started:
  • Total unsecured debt: $15,612.92
  • Estimated interest charges: $8,988.34
  • Time to payoff: 12 years, 1 month
  • Total monthly payments: $624.52
After DMP enrollment:
  • Average negotiated interest rate: 4.33%
  • Total interest charges: $1,489.86
  • Time to payoff: 3 years, 9 months
  • Total monthly payment: $380.00
Time Saved

8 years, 4 months

Monthly Savings

$244.52

Interest Saved

$7,498.48

Case Study

Kimberly from Morgantown, WV

“Consolidated Credit has been wonderful for our family. We are on our way to being debt free! ”

Where she started:
  • Total unsecured debt: $60,470.00
  • Estimated interest charges: $35,143.93
  • Time to payoff: 14 years, 6 months
  • Total monthly payments: $2,418.80
After DMP enrollment:
  • Average negotiated interest rate: 7.67%
  • Total interest charges: $15,399.88
  • Time to payoff: 4 years, 6 months
  • Total monthly payment: $1,390.00
Time Saved

10 years

Monthly Savings

$1,028.80

Interest Saved

$19,744.05

Find out if you qualify for a debt relief program. If you are ready to end your struggle with credit card debt, get a free debt and budget evaluation from a certified credit counselor today.

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