Idaho Debt Consolidation Programs

August 16, 2022

In addition to potatoes, key contributors to Idaho’s prosperity are the Idaho National Laboratory (INL), and the brewing company Anheuser-Busch’s malt-making facilities. Award-winning boutique wineries and micro-breweries add to the region’s prosperity and reputation as well.

However, many Idaho residents still find themselves in a financial bind. Based on Freedom Debt Relief’s June Credit Card Utilization Data, the average credit card utilization of people looking for debt relief in Idaho is 85%. By comparison, per Experian, the average credit card utilization in the US in 2021 was 25%. High credit card utilization, in general, implies a greater likelihood of needing debt relief services. The Gem State’s overall cost of living is just under the US average at 95 percent. Add inflated costs for healthcare, groceries, and utilities and it’s easy to see where folks’ hard-earned money goes.

Idaho Debt Consolidation Loans

If you’re in debt, you don’t have to remain that way. There are various solutions, including debt consolidation, that could be effective. The key is finding the right solution for your situation and amount of debt. If you’re an Idaho resident with more than $10,000 in debt, you may want to look into a secure loan from a reputable lender.

Secure loans are loans created using collateral—high-value assets like your home or car. The value of these assets is leveraged to attain a loan with a reasonable interest rate from a lender. If you can’t pay your loan, you’re at risk of forfeiting those assets. There’s a risk/reward element to debt consolidation, but as long as you stay on top of your payments, the risk portion shouldn’t be an issue.

The risk is higher for the lender if you get an unsecured loan (meaning you have no collateral). Because they’re taking on more risk, you’ll probably pay more interest. And that may work for you. If you’re not comfortable paying higher interest rates, this may not be the right choice for you.

Find the Right Answer to Your Debt Problem

If you’re ready to start tackling your debt and get on the road to financial freedom, the first step is to get some advice from the experts. There are a number of relief solutions in Idaho, including debt consolidation. The Certified Debt Consultants at Freedom Debt Relief can give you a free evaluation to help determine your best way forward. Call them at 800-910-0065 today to see which debt-clearing answer fits your scenario best. It could be a debt consolidation loan. Or perhaps debt settlement or debt counseling make more sense.

The Certified Debt Consultant you speak with can help guide you. They’ll take into consideration how much you owe, how much you could comfortably pay toward it each month, and other factors. They’ll even go so far as to recommend other companies if they feel you would be better served by them!

Regardless of the path you end up taking, it takes time and commitment to see the plan through. If you’re not consistent with your payments, you could end up in an even worse financial predicament.


Request a free debt evaluation to find out how we could help you:

  • Resolve your debt faster
  • Significantly reduce what you owe
  • Make one low monthly program payment

You Are Not Alone

Even with decent credit scores compared to some parts of the US, people all over the state are struggling with debt. Check out some of Idaho’s statistics below:

  • Residents’ average credit card debt is $4,549

  • Average credit card debt is eight percent less than the national average

  • Almost half of all cardholders are more than 90 days late on payments

  • Ranks 42nd in the nation in average credit card debt

  • Average credit score is 705

  • Ranks 23rd in the nation in average credit score

One method of dealing with debt is to wait for the Statute of Limitations to expire on it. This means that if a lender wants to take you to court to get their money back, they have to do so within five years in Idaho. But if you admit to any of the debt or make even a small payment toward it, the clock may reset on the statute’s time limit.

Avoid the stress of waiting for your debt to expire and take action today. Debt consolidation loans and other debt relief programs are currently available to Idaho residents. Start your journey toward financial freedom by speaking with a Certified Debt Consultant at Freedom Debt Relief today. Call 800-910-0065 now for your free debt consultation.

End Your Debt

Find out how our program could help.

  • checkIcon
    One low monthly program deposit
  • checkIcon
    Settlements for less than owed
  • checkIcon
    Debt could be resolved in 24-48 months

Idaho Cities