For Kansans struggling with student, auto, credit card, medical or other types of debt, you can rest assured you’re not alone. Even though The Sunflower State has a booming economy with 3.1% GDP growth, and a low unemployment rate of 3.1% (#7 of all states), 13.80% of residents live below the poverty line. Many struggle with debt.
The average Kansan has $2,590 in personal debt, plus $137,542 of mortgage debt per capita. On average, residents have an open credit card balance of $5,155 and 59% of residents have a student loan, the average amount of which is $27,720 . Each year approximately 6,649 Kansans declare bankruptcy If this is you, there are Kansas debt consolidation options to help you get back on track financially.
No matter whether you live in Wichita, Overland Park, Topeka, or somewhere else in the great state of Kansas, take charge of your financial situation and consider consolidating your debt load.
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The Best Debt Consolidation Companies in Kansas (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 Kansas. 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.
Housing and Credit Counseling, Inc. – Topeka
1195 SW Bucha- St # 101
Topeka, KS, 66604-1172
(785) 234-0217
http://www.hcci-ks.org
Rating: 9.23/10
Housing and Credit Counseling, Inc.
323 Poyntz Ave # 101
Manhattan, KS, 66502-6387
(785) 234-0217
http://www.hcci-ks.org
Rating: 9.34/10
GreenPath Fi-cial Wellness
221 W 47th St S
Wichita, KS, 67217-4909
(888) 776-6735
http://www.greenpath.com
Rating: 9.45/10
Consumer Credit Counseling Service – Wichita
727 N Waco Ave STE 175
Wichita, KS, 67203-3952
(888) 257-6899
http://www.kscccs.org
Rating: 9.57/10
Consumer Credit Counseling Service
1201 W Walnut St
Salina, KS, 67401-2783
(785) 827-6731
http://www.kscccs.org
Rating: 9.68/10
Avedis
100 S. Kansas
Columbus, KS, 66725
(877) 889-3816
http://www.teamavedis.com
Rating: 9.8/10
Kansas Debt Statistics
| Total Debt | $7,538,475 |
| Debt Per Capita | $2,590 |
| Debt Per Capita Rank | 33 |
Source: World Population Review
Kansas Credit Card Debt Statistics
| Average Credit Card Balance | 695 |
| Average Credit Score | $5,155 |
| Avg Credit Card Balance Rank (1 = Highest Balance) | 50 |
| Avg Credit Score Rank (1=Highest Score) | 8 |
Source: Experian
Mortgage Debt in Kansas
| Mortgage Debt Per Capita | $137,542 |
| Avg 30 yr Mortgage Rate | 3.94% |
| Avg 15 yr Mortgage Rate | 3.50% |
| Median Home Value | $141,500 |
| Avg Outstanding Mortgage Debt | $138,437 |
| Difference Between Value and Mortgage Debt | $3,063 |
| Avg Homeowner FICO Score | 711 |
Source: Federal Reserve, Value Penguin, Experian
Payday Loan Debt in Kansas
| Payday Loan Legal Status | Legal |
| Max Payday Loan Amount | 500 |
| Max Payday Loan Term | 30 days |
| Max Payday Loan APR | 391% |
Source: Kansas Government Website
Unemployment and the Economy of Kansas
| Poverty Rate – Population | 13.80% |
| Poverty Rate – Population – Rank | 31 |
| Poverty Rate – Family | 9.40% |
| Poverty Rate – Family – Rank | 31 |
| Unemployment Rate (March 2020) | 3.1 |
| Unemployment Rank | 7 |
| GDP Growth | 3.1 |
| GDP Growth Rank | 15 |
Source: US Census, Bureau of Labor Statistics
Student Loan Debt in Kansas
| Percent of Population with Student Loans | 59% |
| Average Student Loan debt | $27,720 |
| Average Debt of New Graduates (2017-18) | $26,764 |
| Average Debt Rank | nan |
| Percent of Graduates with Debt (2017-18) | 58% |
| Percent with Debt Rank | nan |
| Usable Institutions (BA-Granting) | 7 |
| Percent of Graduates at Schools with Usable Data | 60% |
| Nonfederal debt of graduates, as percent of total debt | 12% |
| Fall enrollment – Undergraduate total (IPEDS) | 188,812 |
| Tuition and Fees (in-district/in-state) | $9,067 |
| Total Cost of Attendance (on-campus) | $22,486 |
| Percent of Institutional Grants that are Need-Based | 52% |
Source: Value Penguin, TICAS
Cost of Living in Kansas
| Annual Mean Wage (All Occupations) | $45,280 |
| Median Monthly Rent | $1,051 |
| Value of a Dollar | $1.10 |
| Cost of Living | 89.0 |
| Cost of Living Rank | 8 |
| Grocery Cost Index | 91.9 |
| Housing Cost Index | 73.8 |
| Utilities Cost Index | 103.0 |
| Transportation Cost Index | 92.3 |
| Miscellaneous Cost Index | 98.9 |
Source: World Population Review