The Best North Carolina Debt Consolidation Companies of 2020

Many North Carolinians wrestle with medical, credit card, student, payday and other debt types. North Carolina ranks below average in unemployment (2.8%) and has a concerning poverty rate of 17.60%.

The average North Carolinian has $1,537 in personal debt, plus $162,366 of mortgage debt for homeowners. On average, North Carolina residents carry a credit cardd balance of $6,671 and 57% of North Carolinians have student loan debt – $26,526 worth to be precise. Every year approximately 13,277 North Carolinians declare bankruptcy. Fortunately, there are plenty of North Carolina debt consolidation options to help reduce your debt burden.

So whether you live in Charlotte, Raleigh, Greensboro, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in North Carolina (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 North Carolina. 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.

US Debt Relief

Street Address on File
Alexander, NC, 28701
(800) 481-5922

Rating: 8.41/10

Student Loan Free

4021 Bella Park Trl
Raleigh, NC, 27613-7096
(866) 281-1401
http://www.studentloanfreeedu.org/

Rating: 8.51/10

Royal Debt Relief, LLC

112 Salem Towne Ct
Apex, NC, 27502-2311
(800) 900-4070
http://www.royaldebtrelief.com

Rating: 8.61/10

Overflow Fi-cial Services

600 S Magnolia Ave Ste 107
Dunn, NC, 28334-5825
(910) 891-8214

Rating: 8.72/10

Ooraa

112 Salem Towne Ct
Apex, NC, 27502-2311
(888) 888-9914
http://www.ooraa.org

Rating: 8.82/10

Money Management International, Inc.

10130 Perimeter Pkwy Ste 200
Charlotte, NC, 28216-0197
(800) 308-2227
http://www.moneymanagement.org

Rating: 8.93/10

Kredit Koncepts Fi-cial Services LLC

620 S. Madison St
Whiteville, NC, 28472
(800) 985-9367
http://www.kreditkoncepts.com

Rating: 9.04/10

Homeowner Answers, LLC

235 Westlake Rd #101
Fayetteville, NC, 28314
(843) 390-4357
http://www.homeowneranswers.com/

Rating: 9.15/10

Fi-cial Pathways of the Piedmont, Inc.

7820 N Point Blvd Ste 100
Winston Salem, NC, 27106-3299
(336) 896-1191
http://www.fi-cialpaths.org

Rating: 9.26/10

Doan Solutions LLC

5842 Fayetteville Rd Suite 105
Durham, NC, 27713-6294
(855) 837-2348
http://www.doansolutions.org

Rating: 9.37/10

Consumer Education Services, Inc.

3700 Barrett Dr
Raleigh, NC, 27609-7213
(800) 699-5688
http://www.cesidebtsolutions.org

Rating: 9.48/10

Challenge Fi-cial Investors Corporation

13850 Ballantyne Corporate Pl Ste 500
Charlotte, NC, 28277-2830
(704) 887-5277
http://www.cfic.com/fastclose

Rating: 9.6/10

North Carolina Debt Statistics

Total Debt$16,310,177
Debt Per Capita$1,537
Debt Per Capita Rank44

Source: World Population Review

North Carolina Credit Card Debt Statistics

Average Credit Card Balance688
Average Credit Score$6,671
Avg Credit Card Balance Rank (1 = Highest Balance)10
Avg Credit Score Rank (1=Highest Score)15

Source: Experian

Mortgage Debt in North Carolina

Mortgage Debt Per Capita$162,366
Avg 30 yr Mortgage Rate3.94%
Avg 15 yr Mortgage Rate3.49%
Median Home Value$189,900
Avg Outstanding Mortgage Debt$162,520
Difference Between Value and Mortgage Debt$27,380
Avg Homeowner FICO Score694

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in North Carolina

Payday Loan Legal StatusLegal
Max Payday Loan Amountnan
Max Payday Loan Termnan
Max Payday Loan APRnan

Source: North Carolina Government Website

Unemployment and the Economy of North Carolina

Poverty Rate – Population17.60%
Poverty Rate – Population – Rank14
Poverty Rate – Family13.00%
Poverty Rate – Family – Rank14
Unemployment Rate (March 2020)4.4
Unemployment Rank30
GDP Growth2.8
GDP Growth Rank13

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in North Carolina

Percent of Population with Student Loans57%
Average Student Loan debt$26,526
Average Debt of New Graduates (2017-18)$26,683
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)56%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)26
Percent of Graduates at Schools with Usable Data81%
Nonfederal debt of graduates, as percent of total debt17%
Fall enrollment – Undergraduate total (IPEDS)495,861
Tuition and Fees (in-district/in-state)$12,453
Total Cost of Attendance (on-campus)$30,954
Percent of Institutional Grants that are Need-Based82%

Source: Value Penguin, TICAS

Cost of Living in North Carolina

Annual Mean Wage (All Occupations)$47,200
Median Monthly Rent$1,208
Value of a Dollar$1.10
Cost of Living94.9
Cost of Living Rank22
Grocery Cost Index96.6
Housing Cost Index83.1
Utilities Cost Index97.9
Transportation Cost Index93.4
Miscellaneous Cost Index110.6

Source: World Population Review

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