The Best South Carolina Debt Consolidation Companies of 2020

Many South Carolina residents wrestle with credit card, student, medical, auto and other debt types. Even though The Palmetto State has a booming economy with 2.5% GDP growth, and a low unemployment rate of 2.6% (#2 of all states), 18.30% of residents live below the poverty line. Many have debt struggles.

The average South Carolinian has $3,022 in personal debt, plus $159,359 of mortgage debt per capita. On average, residents have an open credit card balance of $6,375 and 58% of residents have a student loan, the average amount of which is $30,891 . Each year approximately 6,756 South Carolinians declare bankruptcy If this is you, there are South Carolina debt consolidation options to help you get back on track financially.

No matter whether you live in Columbia, Greenville, Charleston, or somewhere else in the great state of South Carolina, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in South 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 South 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.

U.S. Fi-cial Services

PO Box 70283
North Charleston, SC, 29415
(843) 371-8244

Rating: 9.26/10

Integrity Partners, LLC

PO Box 71150
Myrtle Beach, SC, 29572-0038
(843) 504-4192

Rating: 9.37/10

Homeowner Answers, LLC

4337-D Big Barn Dr.
North Myrtle Beach, SC, 29582
(843) 390-4357
http://www.homeowneranswers.com/

Rating: 9.48/10

Dolphin Fi-cial Services, Inc.

6371 ST. Andrews Rd Suite A
Columbia, SC, 29212
(803) 561-0100

Rating: 9.6/10

South Carolina Debt Statistics

Total Debt$15,744,638
Debt Per Capita$3,022
Debt Per Capita Rank27

Source: World Population Review

South Carolina Credit Card Debt Statistics

Average Credit Card Balance687
Average Credit Score$6,375
Avg Credit Card Balance Rank (1 = Highest Balance)18
Avg Credit Score Rank (1=Highest Score)18

Source: Experian

Mortgage Debt in South Carolina

Mortgage Debt Per Capita$159,359
Avg 30 yr Mortgage Rate4.00%
Avg 15 yr Mortgage Rate3.48%
Median Home Value$170,700
Avg Outstanding Mortgage Debt$160,059
Difference Between Value and Mortgage Debt$10,641
Avg Homeowner FICO Score681

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in South Carolina

Payday Loan Legal StatusLegal
Max Payday Loan Amount550
Max Payday Loan Term31 days
Max Payday Loan APR391%

Source: South Carolina Government Website

Unemployment and the Economy of South Carolina

Poverty Rate – Population18.30%
Poverty Rate – Population – Rank8
Poverty Rate – Family13.90%
Poverty Rate – Family – Rank9
Unemployment Rate (March 2020)2.6
Unemployment Rank2
GDP Growth2.5
GDP Growth Rank9

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in South Carolina

Percent of Population with Student Loans58%
Average Student Loan debt$30,891
Average Debt of New Graduates (2017-18)$30,838
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)58%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)18
Percent of Graduates at Schools with Usable Data85%
Nonfederal debt of graduates, as percent of total debt26%
Fall enrollment – Undergraduate total (IPEDS)223,060
Tuition and Fees (in-district/in-state)$12,473
Total Cost of Attendance (on-campus)$30,768
Percent of Institutional Grants that are Need-Based59%

Source: Value Penguin, TICAS

Cost of Living in South Carolina

Annual Mean Wage (All Occupations)$43,210
Median Monthly Rent$1,209
Value of a Dollar$1.11
Cost of Living95.9
Cost of Living Rank23
Grocery Cost Index101.9
Housing Cost Index85.1
Utilities Cost Index107.6
Transportation Cost Index88.0
Miscellaneous Cost Index94.2

Source: World Population Review