The Best Georgia Debt Consolidation Companies of 2020

For Georgians struggling with credit card, auto, medical, student or other types of debt, you can rest assured you’re not alone. Among the states, Georgia ranks below average in terms of unemployment, with 4.2% of the labor force unemployed. About 18.50% of the population and 14.20% of families live in poverty.

The average Georgian has $1,216 in personal debt, plus $174,275 of mortgage debt for homeowners. On average, Georgia residents carry a credit cardd balance of $6,388 and 57% of Georgians have student loan debt – $28,653 worth to be precise. Every year approximately 44,280 Georgians declare bankruptcy. Fortunately, there are plenty of Georgia debt consolidation options to get you to where you need to be financially.

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

The Best Debt Consolidation Companies in Georgia (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 Georgia. 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.

Total Debt Management

PO Box 79
Columbus, GA, 31902
(800) 240-0620

Rating: 8.19/10

T B Associates

2011 Queensbury Dr
Acworth, GA, 30102-1782
(877) 926-2096

Rating: 8.29/10

Student Loan Repair Center

5 Sassafras Trail
Savannah, GA, 31404
(912) 441-7046

Rating: 8.39/10

Slate Legal Group

100 Hartsfield Center Pkwy
Atlanta, GA, 30354-1341
(404) 955-7732

Rating: 8.49/10

Nationwide Credit, Inc.

1000 Abernathy Rd STE 200
Atlanta, GA, 30328-5604
(800) 456-4729

Rating: 8.6/10

Money Management International, Inc.

55 Ivan Allen Jr Blvd NW STE 520
Atlanta, GA, 30308-3063
(800) 308-2227

Rating: 8.7/10

Debt Elimination Consultants of Georgia – Monroe

124 S Broad St
Monroe, GA, 30655-2154
(770) 267-3099

Rating: 8.81/10

Debt Elimination Consultants of Georgia – Cumming

315 Allen St
Cumming, GA, 30040-2605
(770) 267-3099

Rating: 8.91/10

Debt Elimination Consultants of Georgia – Atlanta

3955 Pleasantdale Rd Ste 103
Atlanta, GA, 30340-4258
(770) 267-3099

Rating: 9.02/10

Debt Elimination Consultants of Georgia

9570 Nesbit Ferry Rd Ste 203
Alpharetta, GA, 30022-6859
(770) 267-3099

Rating: 9.13/10

Credit Alliance Group, Inc

260 Peachtree St NW, 22nd Floor
Atlanta, GA, 30303
(404) 563-7056

Rating: 9.24/10

Consumer Credit Solutions

Atlanta, GA, 30308-1793
(800) 789-5949

Rating: 9.35/10

Clear Breeze Solutions

2778 Cumberland Blvd. Suite 370
Smyrna, GA, 30082
(877) 383-7748

Rating: 9.47/10

Buyers Credit Coach, Inc.

289 Jonesboro Rd Ste 422
McDonough, GA, 30253-3725
(770) 506-3093

Rating: 9.58/10

Andreia Venture Consulting

1170 Peachtree St NE Ste 1200
Atlanta, GA, 30309-7673
(404) 962-4437

Rating: 9.7/10

Georgia Debt Statistics

Total Debt$13,050,862
Debt Per Capita$1,216
Debt Per Capita Rank47

Source: World Population Review

Georgia Credit Card Debt Statistics

Average Credit Card Balance668
Average Credit Score$6,388
Avg Credit Card Balance Rank (1 = Highest Balance)17
Avg Credit Score Rank (1=Highest Score)36

Source: Experian

Mortgage Debt in Georgia

Mortgage Debt Per Capita$174,275
Avg 30 yr Mortgage Rate4.00%
Avg 15 yr Mortgage Rate3.52%
Median Home Value$193,500
Avg Outstanding Mortgage Debt$175,086
Difference Between Value and Mortgage Debt$18,414
Avg Homeowner FICO Score682

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Georgia

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

Source: Georgia Government Website

Unemployment and the Economy of Georgia

Poverty Rate – Population18.50%
Poverty Rate – Population – Rank7
Poverty Rate – Family14.20%
Poverty Rate – Family – Rank8
Unemployment Rate (March 2020)4.2
Unemployment Rank27
GDP Growth3.1
GDP Growth Rank15

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Georgia

Percent of Population with Student Loans57%
Average Student Loan debt$28,653
Average Debt of New Graduates (2017-18)$28,824
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)57%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)28
Percent of Graduates at Schools with Usable Data76%
Nonfederal debt of graduates, as percent of total debt14%
Fall enrollment – Undergraduate total (IPEDS)466,084
Tuition and Fees (in-district/in-state)$10,919
Total Cost of Attendance (on-campus)$27,738
Percent of Institutional Grants that are Need-Based69%

Source: Value Penguin, TICAS

Cost of Living in Georgia

Annual Mean Wage (All Occupations)$48,280
Median Monthly Rent$1,262
Value of a Dollar$1.09
Cost of Living89.2
Cost of Living Rank9
Grocery Cost Index96.9
Housing Cost Index73.8
Utilities Cost Index92.4
Transportation Cost Index97.6
Miscellaneous Cost Index98.5

Source: World Population Review

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