The Best Wisconsin Debt Consolidation Companies of 2020

Many Wisconsinites wrestle with payday, student, auto, credit card and other debt types. Even though The Badger State has a reasonably strong economy with 2.9% GDP growth, and a fairly low unemployment rate of 3.4%, 13.30% of residents live below the poverty line. Many have trouble with debt.

The average Wisconsinite has $3,974 in personal debt, plus $138,935 of mortgage debt per capita. On average, residents have an open credit card balance of $5,363 and 64% of residents have a student loan, the average amount of which is $29,569 . Each year approximately 16,353 Wisconsinites declare bankruptcy. If this is you, there are Wisconsin debt consolidation options to help you reach your financial goals.

So whether you live in Milwaukee, Madison, Green Bay, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in Wisconsin (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 Wisconsin. 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.

United Credit Service, Inc.

PO Box 740
Elkhorn, WI, 53121-0740
(262) 743-2902
https://www.aalliancecollects.com

Rating: 8.58/10

Summit Credit Union – West Milwaukee

2159 Miller Park Way
West Milwaukee, WI, 53219-5003
(414) 778-1000
http://www.summitcreditunion.com

Rating: 8.69/10

Summit Credit Union – Waukesha

1103 Spring City Lane
Waukesha, WI, 53186-5946
(414) 778-1000
http://www.summitcreditunion.com

Rating: 8.79/10

Summit Credit Union – Milwaukee

10015 W Greenfield Ave
Milwaukee, WI, 53214-3907
(414) 778-1000
http://www.summitcreditunion.com

Rating: 8.9/10

Summit Credit Union

7750 S Lovers Lane Rd
Franklin, WI, 53132-2289
(608) 243-5000
http://www.summitcreditunion.com

Rating: 9.01/10

Providence Home Lending

200 S Executive Dr Ste 120
Brookfield, WI, 53005-4216
(262) 255-2000
http://www.providencehomelending.com

Rating: 9.12/10

GreenPath Debt Solutions – West Allis

10101 W. Greenfield Ave, Ste 101
West Allis, WI, 53214-3953
(888) 776-6735
http://www.greenpath.com

Rating: 9.23/10

GreenPath Debt Solutions

5409 N Green Bay Ave
Milwaukee, WI, 53209-5006
(888) 776-6735
http://www.greenpath.com

Rating: 9.34/10

DeLadurantey Law Office, LLC

330 S Executive Dr Ste 109
Brookfield, WI, 53005-4215
(414) 377-0515
http://www.dela-law.com

Rating: 9.45/10

Debt Advisors Law Offices – Milwaukee

250 E Wisconsin Ave
Milwaukee, WI, 53202-4232
(414) 510-0743
http://www.mydebtadvisors.com

Rating: 9.57/10

Debt Advisors Law Offices

1025 56th St
Kenosha, WI, 53140-3737
(414) 755-2400
http://www.mydebtadvisors.com

Rating: 9.68/10

A Better Mortgage Company, Inc.

4379 S Howell Ave Ste 22
Milwaukee, WI, 53207-5053
(414) 486-7929
http://www.abettermortgageco.com

Rating: 9.8/10

Wisconsin Debt Statistics

Total Debt$23,252,381
Debt Per Capita$3,974
Debt Per Capita Rank15

Source: World Population Review

Wisconsin Credit Card Debt Statistics

Average Credit Card Balance696
Average Credit Score$5,363
Avg Credit Card Balance Rank (1 = Highest Balance)49
Avg Credit Score Rank (1=Highest Score)7

Source: Experian

Mortgage Debt in Wisconsin

Mortgage Debt Per Capita$138,935
Avg 30 yr Mortgage Rate3.91%
Avg 15 yr Mortgage Rate3.39%
Median Home Value$191,600
Avg Outstanding Mortgage Debt$138,789
Difference Between Value and Mortgage Debt$52,811
Avg Homeowner FICO Score725

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Wisconsin

Payday Loan Legal StatusLegal
Max Payday Loan Amount1500 or 35% of gross monthly income
Max Payday Loan Term90 days
Max Payday Loan APR547%

Source: Wisconsin Government Website

Unemployment and the Economy of Wisconsin

Poverty Rate – Population13.30%
Poverty Rate – Population – Rank34
Poverty Rate – Family9.00%
Poverty Rate – Family – Rank35
Unemployment Rate (March 2020)3.4
Unemployment Rank17
GDP Growth2.9
GDP Growth Rank2

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Wisconsin

Percent of Population with Student Loans64%
Average Student Loan debt$29,569
Average Debt of New Graduates (2017-18)$31,705
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)64%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)21
Percent of Graduates at Schools with Usable Data72%
Nonfederal debt of graduates, as percent of total debt23%
Fall enrollment – Undergraduate total (IPEDS)302,682
Tuition and Fees (in-district/in-state)$13,383
Total Cost of Attendance (on-campus)$27,926
Percent of Institutional Grants that are Need-Based73%

Source: Value Penguin, TICAS

Cost of Living in Wisconsin

Annual Mean Wage (All Occupations)$47,350
Median Monthly Rent$1,141
Value of a Dollar$1.08
Cost of Living97.3
Cost of Living Rank25
Grocery Cost Index100.7
Housing Cost Index91.4
Utilities Cost Index98.9
Transportation Cost Index98.1
Miscellaneous Cost Index115.2

Source: World Population Review