For Oregonians struggling with auto, student, payday, medical or other types of debt, you can rest assured you’re not alone. Despite Oregon having a growing economy with 3.1% GDP growth, and a historically low unemployment rate of 3.3%, 16.70% of residents live in poverty. Many have debt problems.
The average Oregonian has $2,943 in personal debt, plus $224,503 of mortgage debt per capita. On average, residents have an open credit card balance of $6,296 and 56% of residents have a student loan, the average amount of which is $27,885 . Each year approximately 9,008 Oregonians declare bankruptcy Fortunately, there are plenty of Oregon debt consolidation options to help you get back on track financially.
No matter whether you live in Portland, Salem, Eugene, or somewhere else in the great state of Oregon, take charge of your financial situation and consider consolidating your debt load.
Table of Contents
The Best Debt Consolidation Companies in Oregon (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 Oregon. 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.
O M M Management Company LLC
14525 SW Millikan Way Pmb 13675
Beaverton, OR, 97005-2343
(800) 310-0043
http://www.kingdebtsolutions.com
Rating: 8.24/10
NW Loss Mitigation LLC
–
Portland, OR, 97219-8878
(866) 724-4292
http://www.nwlossmit.com/
Rating: 8.34/10
Money Management International, Inc.
10260 SW Greenburg Rd Ofc 412
Tigard, OR, 97223-5500
(800) 308-2227
http://www.moneymanagement.org
Rating: 8.44/10
Greenway Debt Management
20954 SW Edgemont St
Beaverton, OR, 97006-6046
(503) 430-0253
–
Rating: 8.55/10
Fi-cial Blueprint Group LLC, The
123 E Powell Blvd Ste 306
Gresham, OR, 97030-7620
(503) 336-4363
–
Rating: 8.65/10
Fidelity Home Mortgage LLC
5200 Meadows Rd Ste 150
Lake Oswego, OR, 97035-0066
(888) 684-0885
http://www.fidelityhomemortgage.us
Rating: 8.76/10
Family Fi-cial Planners Inc
PO Box 12287
Portland, OR, 97212
(503) 282-7267
–
Rating: 8.86/10
Emmanuel Credit Management
PO Box 11994
Eugene, OR, 97440
(541) 345-7046
–
Rating: 8.97/10
Debt Relief NW LLC
202 SE 181st Ave Ste 102
Portland, OR, 97233-4874
(877) 492-4109
http://www.debtreliefnw.com
Rating: 9.08/10
Business Management Services
6663 SW Beaverton Hillsdale Hwy PMB 121
Portland, OR, 97225
(503) 317-8854
–
Rating: 9.19/10
A A A Alternative Legal Solutions
–
Portland, OR, 97208-4120
(888) 234-6315
–
Rating: 9.3/10
Oregon Debt Statistics
| Total Debt | $12,656,643 |
| Debt Per Capita | $2,943 |
| Debt Per Capita Rank | 29 |
Source: World Population Review
Oregon Credit Card Debt Statistics
| Average Credit Card Balance | 656 |
| Average Credit Score | $6,296 |
| Avg Credit Card Balance Rank (1 = Highest Balance) | 22 |
| Avg Credit Score Rank (1=Highest Score) | 45 |
Source: Experian
Mortgage Debt in Oregon
| Mortgage Debt Per Capita | $224,503 |
| Avg 30 yr Mortgage Rate | 3.98% |
| Avg 15 yr Mortgage Rate | 3.43% |
| Median Home Value | $350,600 |
| Avg Outstanding Mortgage Debt | $225,597 |
| Difference Between Value and Mortgage Debt | $125,003 |
| Avg Homeowner FICO Score | 718 |
Source: Federal Reserve, Value Penguin, Experian
Payday Loan Debt in Oregon
| Payday Loan Legal Status | Legal |
| Max Payday Loan Amount | 50000 |
| Max Payday Loan Term | 60 days |
| Max Payday Loan APR | 154% |
Source: Oregon Government Website
Unemployment and the Economy of Oregon
| Poverty Rate – Population | 16.70% |
| Poverty Rate – Population – Rank | 17 |
| Poverty Rate – Family | 11.50% |
| Poverty Rate – Family – Rank | 22 |
| Unemployment Rate (March 2020) | 3.3 |
| Unemployment Rank | 13 |
| GDP Growth | 3.1 |
| GDP Growth Rank | 6 |
Source: US Census, Bureau of Labor Statistics
Student Loan Debt in Oregon
| Percent of Population with Student Loans | 56% |
| Average Student Loan debt | $27,885 |
| Average Debt of New Graduates (2017-18) | $28,628 |
| Average Debt Rank | nan |
| Percent of Graduates with Debt (2017-18) | 55% |
| Percent with Debt Rank | nan |
| Usable Institutions (BA-Granting) | 14 |
| Percent of Graduates at Schools with Usable Data | 67% |
| Nonfederal debt of graduates, as percent of total debt | 19% |
| Fall enrollment – Undergraduate total (IPEDS) | 201,278 |
| Tuition and Fees (in-district/in-state) | $14,091 |
| Total Cost of Attendance (on-campus) | $33,332 |
| Percent of Institutional Grants that are Need-Based | 70% |
Source: Value Penguin, TICAS
Cost of Living in Oregon
| Annual Mean Wage (All Occupations) | $52,000 |
| Median Monthly Rent | $1,707 |
| Value of a Dollar | $1.00 |
| Cost of Living | 134.2 |
| Cost of Living Rank | 47 |
| Grocery Cost Index | 110.3 |
| Housing Cost Index | 181.8 |
| Utilities Cost Index | 88.0 |
| Transportation Cost Index | 136.7 |
| Miscellaneous Cost Index | 113.2 |
Source: World Population Review