The Best Wyoming Debt Consolidation Companies of 2020

If you’re one of the many Wyomingites stuck in student, payday, auto, credit card or any other kind of personal debt, you’re not alone. Though The Equality State has a fairly strong economy with 3.3% GDP growth, and a reasonably low unemployment rate of 3.7%, many Wyoming residents struggle financially. In fact, 11.60% of residents live in poverty, and many struggle with debt

The average Wyomingite has $1,357 in personal debt, plus $184,625 of mortgage debt per capita. On average, residents have an open credit card balance of $6,245 and 47% of residents have a student loan, the average amount of which is $22,524 . Each year approximately 825 Wyomingites declare bankruptcy. Fortunately, there are plenty of Wyoming debt consolidation options to help you get back on track financially.

So whether you live in Cheyenne, Casper, Gillette, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in Wyoming (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 Wyoming. 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.

No companies found that meet criteria

Wyoming Debt Statistics

Total Debt$769,721
Debt Per Capita$1,357
Debt Per Capita Rank45

Source: World Population Review

Wyoming Credit Card Debt Statistics

Average Credit Card Balance678
Average Credit Score$6,245
Avg Credit Card Balance Rank (1 = Highest Balance)23
Avg Credit Score Rank (1=Highest Score)28

Source: Experian

Mortgage Debt in Wyoming

Mortgage Debt Per Capita$184,625
Avg 30 yr Mortgage Rate4.10%
Avg 15 yr Mortgage Rate3.61%
Median Home Value$236,100
Avg Outstanding Mortgage Debt$185,414
Difference Between Value and Mortgage Debt$50,686
Avg Homeowner FICO Score712

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Wyoming

Payday Loan Legal StatusLegal
Max Payday Loan AmountNot specified
Max Payday Loan Term1 month
Max Payday Loan APR261%

Source: Wyoming Government Website

Unemployment and the Economy of Wyoming

Poverty Rate – Population11.60%
Poverty Rate – Population – Rank42
Poverty Rate – Family8.00%
Poverty Rate – Family – Rank43
Unemployment Rate (March 2020)3.7
Unemployment Rank22
GDP Growth3.3
GDP Growth Rank1

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Wyoming

Percent of Population with Student Loans47%
Average Student Loan debt$22,524
Average Debt of New Graduates (2017-18)$24,474
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)46%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)1
Percent of Graduates at Schools with Usable Data100%
Nonfederal debt of graduates, as percent of total debt18%
Fall enrollment – Undergraduate total (IPEDS)30,459
Tuition and Fees (in-district/in-state)$4,001
Total Cost of Attendance (on-campus)$16,086
Percent of Institutional Grants that are Need-Based10%

Source: Value Penguin, TICAS

Cost of Living in Wyoming

Annual Mean Wage (All Occupations)$48,630
Median Monthly Rent$1,149
Value of a Dollar$1.03
Cost of Living89.3
Cost of Living Rank10
Grocery Cost Index98.7
Housing Cost Index72.3
Utilities Cost Index87.3
Transportation Cost Index99.3
Miscellaneous Cost Index94.9

Source: World Population Review