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.
Table of Contents
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
https://LoanRepairCenter.com?code=bbb
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
http://www.ncirm.com/
Rating: 8.6/10
Money Management International, Inc.
55 Ivan Allen Jr Blvd NW STE 520
Atlanta, GA, 30308-3063
(800) 308-2227
http://www.moneymanagement.org
Rating: 8.7/10
Debt Elimination Consultants of Georgia – Monroe
124 S Broad St
Monroe, GA, 30655-2154
(770) 267-3099
http://www.decofga.org
Rating: 8.81/10
Debt Elimination Consultants of Georgia – Cumming
315 Allen St
Cumming, GA, 30040-2605
(770) 267-3099
http://www.decofga.org
Rating: 8.91/10
Debt Elimination Consultants of Georgia – Atlanta
3955 Pleasantdale Rd Ste 103
Atlanta, GA, 30340-4258
(770) 267-3099
http://www.decofga.org
Rating: 9.02/10
Debt Elimination Consultants of Georgia
9570 Nesbit Ferry Rd Ste 203
Alpharetta, GA, 30022-6859
(770) 267-3099
http://www.decofga.org
Rating: 9.13/10
Credit Alliance Group, Inc
260 Peachtree St NW, 22nd Floor
Atlanta, GA, 30303
(404) 563-7056
http://www.creditalliancegroup.com
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
http://www.clearbreezesolutions.com
Rating: 9.47/10
Buyers Credit Coach, Inc.
289 Jonesboro Rd Ste 422
McDonough, GA, 30253-3725
(770) 506-3093
http://www.buyerscreditcoach.com
Rating: 9.58/10
Andreia Venture Consulting
1170 Peachtree St NE Ste 1200
Atlanta, GA, 30309-7673
(404) 962-4437
http://andreiavc.com
Rating: 9.7/10
Georgia Debt Statistics
| Total Debt | $13,050,862 |
| Debt Per Capita | $1,216 |
| Debt Per Capita Rank | 47 |
Source: World Population Review
Georgia Credit Card Debt Statistics
| Average Credit Card Balance | 668 |
| 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 Rate | 4.00% |
| Avg 15 yr Mortgage Rate | 3.52% |
| Median Home Value | $193,500 |
| Avg Outstanding Mortgage Debt | $175,086 |
| Difference Between Value and Mortgage Debt | $18,414 |
| Avg Homeowner FICO Score | 682 |
Source: Federal Reserve, Value Penguin, Experian
Payday Loan Debt in Georgia
| Payday Loan Legal Status | Legal |
| Max Payday Loan Amount | nan |
| Max Payday Loan Term | nan |
| Max Payday Loan APR | nan |
Source: Georgia Government Website
Unemployment and the Economy of Georgia
| Poverty Rate – Population | 18.50% |
| Poverty Rate – Population – Rank | 7 |
| Poverty Rate – Family | 14.20% |
| Poverty Rate – Family – Rank | 8 |
| Unemployment Rate (March 2020) | 4.2 |
| Unemployment Rank | 27 |
| GDP Growth | 3.1 |
| GDP Growth Rank | 15 |
Source: US Census, Bureau of Labor Statistics
Student Loan Debt in Georgia
| Percent of Population with Student Loans | 57% |
| Average Student Loan debt | $28,653 |
| Average Debt of New Graduates (2017-18) | $28,824 |
| Average Debt Rank | nan |
| Percent of Graduates with Debt (2017-18) | 57% |
| Percent with Debt Rank | nan |
| Usable Institutions (BA-Granting) | 28 |
| Percent of Graduates at Schools with Usable Data | 76% |
| Nonfederal debt of graduates, as percent of total debt | 14% |
| 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-Based | 69% |
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 Living | 89.2 |
| Cost of Living Rank | 9 |
| Grocery Cost Index | 96.9 |
| Housing Cost Index | 73.8 |
| Utilities Cost Index | 92.4 |
| Transportation Cost Index | 97.6 |
| Miscellaneous Cost Index | 98.5 |
Source: World Population Review