The Best North Carolina Debt Consolidation & Debt Relief Companies

Many North Carolinians wrestle with medical, credit card, student, payday and other debt types. North Carolina ranks below average in unemployment (2.8%) and has a concerning poverty rate of 17.60%.

The average North Carolinian has $1,537 in personal debt, plus $162,366 of mortgage debt for homeowners. On average, North Carolina residents carry a credit cardd balance of $6,671 and 57% of North Carolinians have student loan debt – $26,526 worth to be precise. Every year approximately 13,277 North Carolinians declare bankruptcy. Fortunately, there are plenty of North Carolina debt consolidation options to help reduce your debt burden.

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

The Best Debt Consolidation Companies in North Carolina (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 North Carolina. 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.

Royal Debt Relief, LLC

112 Salem Towne Ct
Apex, NC, 27502-2311
(800) 900-4070

Rating: 8.61/10

Royal Debt Relief is a debt relief company that specializes in helping people reduce their credit card and unsecured loan debt. The company offers a variety of programs to suit different budgets and needs, and has a team of experienced professionals who can help people understand their options and choose the best plan for their situation. Royal Debt Relief is accredited by the Better Business Bureau and has a rating of A+.


  • The company offers free consultations and evaluations, so you can understand your options and make the best decision for your situation without any obligation.
  • There are no upfront fees, and you only pay when the company successfully lowers your debt.
  • The company has a flexible program that can be tailored to your budget and needs.
  • You will be assigned a dedicated account manager who will guide you through the process and keep you updated on your progress.


  • The company is only able to help with credit card and unsecured loan debt, so if you have other types of debt, you will need to look elsewhere for assistance.
  • The company’s program may take longer to complete if you miss a monthly payment.

Overflow Fi-cial Services

600 S Magnolia Ave Ste 107
Dunn, NC, 28334-5825
(910) 891-8214

Rating: 8.72/10


112 Salem Towne Ct
Apex, NC, 27502-2311
(888) 888-9914

Rating: 8.82/10

Ooraa is a debt consolidation service that offers its clients a way to consolidate their debts into one monthly payment. The company has been in business for 10 years and is headquartered in Apex, North Carolina. Ooraa is accredited by the Better Business Bureau and has an A+ rating. The company offers a free consultation to its clients and provides a money-back guarantee if the client is not satisfied with the service.

Pros of Oora:

-The company has been in business for 10 years and has an A+ BBB rating

-The company offers a free consultation to its clients.

Cons of Ooraa:

-The company is not accredited by the Better Business Bureau.

-The company does not offer a money-back guarantee.

Money Management International, Inc.

10130 Perimeter Pkwy Ste 200
Charlotte, NC, 28216-0197
(800) 308-2227

Rating: 8.93/10

Kredit Koncepts Fi-cial Services LLC

620 S. Madison St
Whiteville, NC, 28472
(800) 985-9367

Rating: 9.04/10

Homeowner Answers, LLC

235 Westlake Rd #101
Fayetteville, NC, 28314
(843) 390-4357

Rating: 9.15/10

Fi-cial Pathways of the Piedmont, Inc.

7820 N Point Blvd Ste 100
Winston Salem, NC, 27106-3299
(336) 896-1191

Rating: 9.26/10

Doan Solutions LLC

5842 Fayetteville Rd Suite 105
Durham, NC, 27713-6294
(855) 837-2348

Rating: 9.37/10

Consumer Education Services, Inc.

3700 Barrett Dr
Raleigh, NC, 27609-7213
(800) 699-5688

Rating: 9.48/10

Challenge Fi-cial Investors Corporation

13850 Ballantyne Corporate Pl Ste 500
Charlotte, NC, 28277-2830
(704) 887-5277

Rating: 9.6/10

North Carolina Debt Statistics

Total Debt$16,310,177
Debt Per Capita$1,537
Debt Per Capita Rank44

Source: World Population Review

North Carolina Credit Card Debt Statistics

Average Credit Card Balance688
Average Credit Score$6,671
Avg Credit Card Balance Rank (1 = Highest Balance)10
Avg Credit Score Rank (1=Highest Score)15

Source: Experian

Mortgage Debt in North Carolina

Mortgage Debt Per Capita$162,366
Avg 30 yr Mortgage Rate3.94%
Avg 15 yr Mortgage Rate3.49%
Median Home Value$189,900
Avg Outstanding Mortgage Debt$162,520
Difference Between Value and Mortgage Debt$27,380
Avg Homeowner FICO Score694

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in North Carolina

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

Source: North Carolina Government Website

Unemployment and the Economy of North Carolina

Poverty Rate – Population17.60%
Poverty Rate – Population – Rank14
Poverty Rate – Family13.00%
Poverty Rate – Family – Rank14
Unemployment Rate (March 2020)4.4
Unemployment Rank30
GDP Growth2.8
GDP Growth Rank13

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in North Carolina

Percent of Population with Student Loans57%
Average Student Loan debt$26,526
Average Debt of New Graduates (2017-18)$26,683
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)56%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)26
Percent of Graduates at Schools with Usable Data81%
Nonfederal debt of graduates, as percent of total debt17%
Fall enrollment – Undergraduate total (IPEDS)495,861
Tuition and Fees (in-district/in-state)$12,453
Total Cost of Attendance (on-campus)$30,954
Percent of Institutional Grants that are Need-Based82%

Source: Value Penguin, TICAS

Cost of Living in North Carolina

Annual Mean Wage (All Occupations)$47,200
Median Monthly Rent$1,208
Value of a Dollar$1.10
Cost of Living94.9
Cost of Living Rank22
Grocery Cost Index96.6
Housing Cost Index83.1
Utilities Cost Index97.9
Transportation Cost Index93.4
Miscellaneous Cost Index110.6

Source: World Population Review

Scroll to Top