The Best Florida Debt Consolidation Companies of 2020

If you’re one of the many Florida residents struggling with student, payday, credit card, auto or other types of loans, you’re one of many. Among the states, Florida ranks below average in terms of unemployment, with 4.3% of the labor force unemployed. About 16.70% of the population and 12.20% of families live in poverty.

The average Floridian has $1,311 in personal debt, plus $187,440 of mortgage debt per capita. On average, residents have an open credit card balance of $6,336 and 50% of residents have a student loan, the average amount of which is $24,041 . Each year approximately 45,992 Floridians declare bankruptcy If this is you, there are Florida debt consolidation options to help you get back on track financially.

No matter whether you live in Miami, Orlando, Jacksonville, or somewhere else in the great state of Florida, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in Florida (updated 2020)

Finding a legit debt consolidation firm can be tough. We’ve done the research and picked the [n] best debt consolidation firms in the state of Florida. Our criteria includes online reputation, breadth of services offered, and demonstration of expertise. All have at least an A rating with the Better Business Bureau.

Premier Consumer Credit Counseling, Inc.

5201 Blue Lagoon Dr STE 800
Miami, FL, 33126-7050
(305) 827-9080
http://www.premierconsumer.org

Rating: 8.03/10

One Focus Fi-cial LLC

3837 Hollywood Blvd STE A
Hollywood, FL, 33021-1243
(877) 972-9228

Rating: 8.13/10

National Debt Adjusters, Inc.

4301 South Flamingo Rd., #106-173
Davie, FL, 33330
(888) 782-3328

Rating: 8.23/10

Money Management International, Inc.

7200 Corporate Center Dr Ste. 200
Miami, FL, 33126
(800) 308-2227
http://www.moneymanagement.org

Rating: 8.33/10

McKenzie Fi-cial, Inc.

11 NW 36th Ave
Fort Lauderdale, FL, 33311-8330
(800) 262-5012
http://www.mckenziefi-cialinc.com

Rating: 8.43/10

Make a Way Ministries, Inc.

12030 SW 129th Court Suite 104
Miami, FL, 33186
(305) 271-5094
http://makeaway.net/

Rating: 8.53/10

First Choice Debt Resolution, LLC

1940 Harrison St., Suite 100-C
Hollywood, FL, 33020
(786) 581-4000
http://www.1debtres.com

Rating: 8.64/10

Encompass Recovery Group, LLC

2450 Hollywood Blvd STE 401
Hollywood, FL, 33020-6625
7542084081ext561
http://encompassrecoverygroup.com

Rating: 8.74/10

DebtServe

1104 Sunset Strip
Sunrise, FL, 33313
(954) 792-6799
http://www.debtserve.org

Rating: 8.85/10

Consolidated Credit Counseling Services, Inc.

5701 W Sunrise Blvd STE 200
Plantation, FL, 33313-6269
(800) 596-4680
http://www.consolidatedcredit.org/?partnerid=1424#back

Rating: 8.96/10

Brite Solutions, Inc.

3440 Hollywood Blvd STE 415
Hollywood, FL, 33021-6933
(877) 302-7483
http://www.britesolutionsinc.com

Rating: 9.07/10

Assurance Management, LLC

7955 NW 12th Street Suite 416
Doral, FL, 33126-1823
(800) 670-1015
http://www.pdlda.com

Rating: 9.18/10

Assurance Consumer Services LLC

3390 Mary St STE 305
Coconut Grove, FL, 33133-5258
(800) 670-1015
http://www.pdlda.com

Rating: 9.29/10

Apple Debt Care

7925 NW 12th St Ste 407
Doral, FL, 33126-1822
(888) 687-8872
http://www.appledebtcare.com

Rating: 9.4/10

Florida Debt Statistics

Total Debt$28,823,847
Debt Per Capita$1,311
Debt Per Capita Rank46

Source: World Population Review

Florida Credit Card Debt Statistics

Average Credit Card Balance672
Average Credit Score$6,336
Avg Credit Card Balance Rank (1 = Highest Balance)19
Avg Credit Score Rank (1=Highest Score)32

Source: Experian

Mortgage Debt in Florida

Mortgage Debt Per Capita$187,440
Avg 30 yr Mortgage Rate3.97%
Avg 15 yr Mortgage Rate3.45%
Median Home Value$237,900
Avg Outstanding Mortgage Debt$188,223
Difference Between Value and Mortgage Debt$49,677
Avg Homeowner FICO Score694

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Florida

Payday Loan Legal StatusLegal
Max Payday Loan Amount500
Max Payday Loan Term31 days
Max Payday Loan APR304%

Source: Florida Government Website

Unemployment and the Economy of Florida

Poverty Rate – Population16.70%
Poverty Rate – Population – Rank18
Poverty Rate – Family12.20%
Poverty Rate – Family – Rank17
Unemployment Rate (March 2020)4.3
Unemployment Rank29
GDP Growth2.9
GDP Growth Rank19

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Florida

Percent of Population with Student Loans50%
Average Student Loan debt$24,041
Average Debt of New Graduates (2017-18)$24,428
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)44%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)30
Percent of Graduates at Schools with Usable Data69%
Nonfederal debt of graduates, as percent of total debt11%
Fall enrollment – Undergraduate total (IPEDS)996,282
Tuition and Fees (in-district/in-state)$10,013
Total Cost of Attendance (on-campus)$29,254
Percent of Institutional Grants that are Need-Based64%

Source: Value Penguin, TICAS

Cost of Living in Florida

Annual Mean Wage (All Occupations)$46,010
Median Monthly Rent$1,590
Value of a Dollar$1.00
Cost of Living97.9
Cost of Living Rank26
Grocery Cost Index104.0
Housing Cost Index95.4
Utilities Cost Index102.2
Transportation Cost Index96.7
Miscellaneous Cost Index96.9

Source: World Population Review

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