The Best Kansas Debt Consolidation Companies of 2020

For Kansans struggling with student, auto, credit card, medical or other types of debt, you can rest assured you’re not alone. Even though The Sunflower State has a booming economy with 3.1% GDP growth, and a low unemployment rate of 3.1% (#7 of all states), 13.80% of residents live below the poverty line. Many struggle with debt.

The average Kansan has $2,590 in personal debt, plus $137,542 of mortgage debt per capita. On average, residents have an open credit card balance of $5,155 and 59% of residents have a student loan, the average amount of which is $27,720 . Each year approximately 6,649 Kansans declare bankruptcy If this is you, there are Kansas debt consolidation options to help you get back on track financially.

No matter whether you live in Wichita, Overland Park, Topeka, or somewhere else in the great state of Kansas, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in Kansas (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 Kansas. 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.

Housing and Credit Counseling, Inc. – Topeka

1195 SW Bucha- St # 101
Topeka, KS, 66604-1172
(785) 234-0217
http://www.hcci-ks.org

Rating: 9.23/10

Housing and Credit Counseling, Inc.

323 Poyntz Ave # 101
Manhattan, KS, 66502-6387
(785) 234-0217
http://www.hcci-ks.org

Rating: 9.34/10

GreenPath Fi-cial Wellness

221 W 47th St S
Wichita, KS, 67217-4909
(888) 776-6735
http://www.greenpath.com

Rating: 9.45/10

Consumer Credit Counseling Service – Wichita

727 N Waco Ave STE 175
Wichita, KS, 67203-3952
(888) 257-6899
http://www.kscccs.org

Rating: 9.57/10

Consumer Credit Counseling Service

1201 W Walnut St
Salina, KS, 67401-2783
(785) 827-6731
http://www.kscccs.org

Rating: 9.68/10

Avedis

100 S. Kansas
Columbus, KS, 66725
(877) 889-3816
http://www.teamavedis.com

Rating: 9.8/10

Kansas Debt Statistics

Total Debt$7,538,475
Debt Per Capita$2,590
Debt Per Capita Rank33

Source: World Population Review

Kansas Credit Card Debt Statistics

Average Credit Card Balance695
Average Credit Score$5,155
Avg Credit Card Balance Rank (1 = Highest Balance)50
Avg Credit Score Rank (1=Highest Score)8

Source: Experian

Mortgage Debt in Kansas

Mortgage Debt Per Capita$137,542
Avg 30 yr Mortgage Rate3.94%
Avg 15 yr Mortgage Rate3.50%
Median Home Value$141,500
Avg Outstanding Mortgage Debt$138,437
Difference Between Value and Mortgage Debt$3,063
Avg Homeowner FICO Score711

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Kansas

Payday Loan Legal StatusLegal
Max Payday Loan Amount500
Max Payday Loan Term30 days
Max Payday Loan APR391%

Source: Kansas Government Website

Unemployment and the Economy of Kansas

Poverty Rate – Population13.80%
Poverty Rate – Population – Rank31
Poverty Rate – Family9.40%
Poverty Rate – Family – Rank31
Unemployment Rate (March 2020)3.1
Unemployment Rank7
GDP Growth3.1
GDP Growth Rank15

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Kansas

Percent of Population with Student Loans59%
Average Student Loan debt$27,720
Average Debt of New Graduates (2017-18)$26,764
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)58%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)7
Percent of Graduates at Schools with Usable Data60%
Nonfederal debt of graduates, as percent of total debt12%
Fall enrollment – Undergraduate total (IPEDS)188,812
Tuition and Fees (in-district/in-state)$9,067
Total Cost of Attendance (on-campus)$22,486
Percent of Institutional Grants that are Need-Based52%

Source: Value Penguin, TICAS

Cost of Living in Kansas

Annual Mean Wage (All Occupations)$45,280
Median Monthly Rent$1,051
Value of a Dollar$1.10
Cost of Living89.0
Cost of Living Rank8
Grocery Cost Index91.9
Housing Cost Index73.8
Utilities Cost Index103.0
Transportation Cost Index92.3
Miscellaneous Cost Index98.9

Source: World Population Review