Many New Hampshirites wrestle with student, medical, auto, credit card and other debt types. Though The Granite State has a booming economy with 2.6% GDP growth, and a extremely low unemployment rate of 2.6% (#2 lowest in the US), many New Hampshire residents have been left behind. In fact, 8.90% of residents live in poverty, and many have trouble with debt
The average New Hampshirite has $5,644 in personal debt, plus $178,409 of mortgage debt per capita. On average, residents have an open credit card balance of $6,401 and 74% of residents have a student loan, the average amount of which is $34,415 . Each year approximately 1,782 New Hampshirites declare bankruptcy. Fortunately for you, there are a number of New Hampshire debt consolidation options to help you get back on track financially.
So whether you live in Manchester, Nashua, Concord, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.
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The Best Debt Consolidation Companies in New Hampshire (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 New Hampshire. 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.
Student Loan Adjusters, LLC
85 Stiles Rd
Salem, NH, 03079-4806
(800) 601-5432
http://www.studentloanadjusters.com
Rating: 8.65/10
Preferred Fi-cial Services Corporation
55 Daniel Webster Hwy
Meredith, NH, 03253-5610
(978) 722-0098
–
Rating: 8.76/10
Personal Credit Counseling
28 Old Nashua Road
Londonderry, NH, 03053
(603) 421-2999
http://www.helpwithdebt.com
Rating: 8.86/10
New Future Fi-cial
35 Manchester Rd. 11a suite 335
Derry, NH, 03038
(603) 434-5886
–
Rating: 8.97/10
Family Debt Arbitration & Counseling Services
104 Douglas Dr
Candia, NH, 03034-2319
(603) 483-0593
http://www.familydebt.com
Rating: 9.08/10
Emerson & Douglas Associates, LLC
26 Ermer Rd
Salem, NH, 03079-1231
(888) 939-1115
http://www.emerso-ddouglas.com
Rating: 9.19/10
Debt Management Systems
P.O. Box 735
Candia, NH, 03034
(800) 574-5054
–
Rating: 9.3/10
New Hampshire Debt Statistics
| Total Debt | $7,739,447 |
| Debt Per Capita | $5,644 |
| Debt Per Capita Rank | 8 |
Source: World Population Review
New Hampshire Credit Card Debt Statistics
| Average Credit Card Balance | 655 |
| Average Credit Score | $6,401 |
| Avg Credit Card Balance Rank (1 = Highest Balance) | 15 |
| Avg Credit Score Rank (1=Highest Score) | 46 |
Source: Experian
Mortgage Debt in New Hampshire
| Mortgage Debt Per Capita | $178,409 |
| Avg 30 yr Mortgage Rate | 3.84% |
| Avg 15 yr Mortgage Rate | 3.35% |
| Median Home Value | $280,400 |
| Avg Outstanding Mortgage Debt | $179,054 |
| Difference Between Value and Mortgage Debt | $101,346 |
| Avg Homeowner FICO Score | 724 |
Source: Federal Reserve, Value Penguin, Experian
Payday Loan Debt in New Hampshire
| Payday Loan Legal Status | Legal |
| Max Payday Loan Amount | nan |
| Max Payday Loan Term | nan |
| Max Payday Loan APR | nan |
Source: New Hampshire Government Website
Unemployment and the Economy of New Hampshire
| Poverty Rate – Population | 8.90% |
| Poverty Rate – Population – Rank | 51 |
| Poverty Rate – Family | 5.70% |
| Poverty Rate – Family – Rank | 51 |
| Unemployment Rate (March 2020) | 2.6 |
| Unemployment Rank | 2 |
| GDP Growth | 2.6 |
| GDP Growth Rank | 17 |
Source: US Census, Bureau of Labor Statistics
Student Loan Debt in New Hampshire
| Percent of Population with Student Loans | 74% |
| Average Student Loan debt | $34,415 |
| Average Debt of New Graduates (2017-18) | $36,776 |
| Average Debt Rank | nan |
| Percent of Graduates with Debt (2017-18) | 76% |
| Percent with Debt Rank | nan |
| Usable Institutions (BA-Granting) | 9 |
| Percent of Graduates at Schools with Usable Data | 92% |
| Nonfederal debt of graduates, as percent of total debt | 36% |
| Fall enrollment – Undergraduate total (IPEDS) | 120,536 |
| Tuition and Fees (in-district/in-state) | $24,861 |
| Total Cost of Attendance (on-campus) | $42,589 |
| Percent of Institutional Grants that are Need-Based | 84% |
Source: Value Penguin, TICAS
Cost of Living in New Hampshire
| Annual Mean Wage (All Occupations) | $52,350 |
| Median Monthly Rent | $1,748 |
| Value of a Dollar | $0.94 |
| Cost of Living | 109.7 |
| Cost of Living Rank | 37 |
| Grocery Cost Index | 100.4 |
| Housing Cost Index | 110.3 |
| Utilities Cost Index | 119.5 |
| Transportation Cost Index | 111.4 |
| Miscellaneous Cost Index | 116.1 |
Source: World Population Review