Many Arizona residents wrestle with auto, medical, credit card, payday and other debt types. Arizona ranks in the bottom half of the country in terms of unemployment, with a rate of 5.5%. Approximately 18.20% of the population and 13.30% of families live in poverty.
The average Arizonan has $1,937 in personal debt, plus $202,148 of mortgage debt per capita. On average, residents have an open credit card balance of $6,389 and 54% of residents have a student loan, the average amount of which is $23,967 . Each year approximately 16,999 Arizonans declare bankruptcy. If this is you, there are Arizona debt consolidation options to help you reach your financial goals.
So whether you live in Phoenix, Tucson, Mesa, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.
Table of Contents
The Best Debt Consolidation Companies in Arizona (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 Arizona. 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.
Vanderford Center Inc. – Phoenix
P.O. Box 78330
Phoenix, AZ, 85062-8330
(928) 875-8000
–
Rating: 7.94/10
Vanderford Center Inc.
1725 S. Berry Knoll Blvd.
Centennial Park, AZ, 86021-1200
(928) 875-8000
–
Rating: 8.03/10
Source Credit Group
3219 E. Camelback Road #396
Phoenix, AZ, 85018
(800) 477-0612
–
Rating: 8.13/10
Pro Card Services Inc.
806 N. 24th Street #2
Phoenix, AZ, 85008
(877) 645-0138
–
Rating: 8.23/10
National Credit Rescue
5026 E Michelle Dr
Scottsdale, AZ, 85254-7616
(602) 930-3887
–
Rating: 8.33/10
Money Management International, Inc.
2401 W Peoria Ave Ste 120
Phoenix, AZ, 85029-4790
(800) 308-2227
http://www.moneymanagement.org
Rating: 8.43/10
LandAmerica Transnation
2580 Highway 95 Ste 121
Bullhead City, AZ, 86442-7328
(928) 763-3211
–
Rating: 8.53/10
Global Fi-ce
6501 E Greenway Pkwy Ste 103-549
Scottsdale, AZ, 85254-2065
(800) 520-9942
http://www.globalfi-ceinc.net
Rating: 8.64/10
First American Credit Services LLC.
2727 W. Glendale Avenue #206
Phoenix, AZ, 85051
(602) 995-9550
http://www.nationalfaircredit.com
Rating: 8.74/10
Federal Education Services
5150 N 16th Street #A223
Phoenix, AZ, 85016
(602) 944-1070
–
Rating: 8.85/10
Epic Credit Solutions
60 E Rio Salado Pkwy Ste 900
Tempe, AZ, 85281-9126
(877) 447-0288
http://www.epiccreditsolutions.com
Rating: 8.96/10
Debt Eaters Inc.
4301 N 75th St Ste 202
Scottsdale, AZ, 85251-3538
(480) 288-6062
–
Rating: 9.07/10
Consumer Protection Legal Center
–
Phoenix, AZ, 85004-4436
(480) 696-5811
–
Rating: 9.18/10
Ark Fi-cial Services, LLC
–
Phoenix, AZ, 85016-8299
(602) 344-9102
–
Rating: 9.29/10
American Student Loan Services
10850 N. 24th Avenue
Phoenix, AZ, 85029
(800) 575-1099
–
Rating: 9.4/10
Arizona Debt Statistics
| Total Debt | $14,291,349 |
| Debt Per Capita | $1,937 |
| Debt Per Capita Rank | 38 |
Source: World Population Review
Arizona Credit Card Debt Statistics
| Average Credit Card Balance | 669 |
| Average Credit Score | $6,389 |
| Avg Credit Card Balance Rank (1 = Highest Balance) | 16 |
| Avg Credit Score Rank (1=Highest Score) | 35 |
Source: Experian
Mortgage Debt in Arizona
| Mortgage Debt Per Capita | $202,148 |
| Avg 30 yr Mortgage Rate | 3.98% |
| Avg 15 yr Mortgage Rate | 3.43% |
| Median Home Value | $257,600 |
| Avg Outstanding Mortgage Debt | $202,959 |
| Difference Between Value and Mortgage Debt | $54,641 |
| Avg Homeowner FICO Score | 696 |
Source: Federal Reserve, Value Penguin, Experian
Payday Loan Debt in Arizona
| Payday Loan Legal Status | Legal |
| Max Payday Loan Amount | nan |
| Max Payday Loan Term | nan |
| Max Payday Loan APR | nan |
Source: Arizona Government Website
Unemployment and the Economy of Arizona
| Poverty Rate – Population | 18.20% |
| Poverty Rate – Population – Rank | 9 |
| Poverty Rate – Family | 13.30% |
| Poverty Rate – Family – Rank | 12 |
| Unemployment Rate (March 2020) | 5.5 |
| Unemployment Rank | 42 |
| GDP Growth | 3.8 |
| GDP Growth Rank | 9 |
Source: US Census, Bureau of Labor Statistics
Student Loan Debt in Arizona
| Percent of Population with Student Loans | 54% |
| Average Student Loan debt | $23,967 |
| Average Debt of New Graduates (2017-18) | nan |
| Average Debt Rank | nan |
| Percent of Graduates with Debt (2017-18) | nan |
| Percent with Debt Rank | nan |
| Usable Institutions (BA-Granting) | 2 |
| Percent of Graduates at Schools with Usable Data | 20% |
| Nonfederal debt of graduates, as percent of total debt | nan |
| Fall enrollment – Undergraduate total (IPEDS) | 501,391 |
| Tuition and Fees (in-district/in-state) | $9,293 |
| Total Cost of Attendance (on-campus) | $27,246 |
| Percent of Institutional Grants that are Need-Based | 75% |
Source: Value Penguin, TICAS
Cost of Living in Arizona
| Annual Mean Wage (All Occupations) | $49,290 |
| Median Monthly Rent | $1,356 |
| Value of a Dollar | $1.04 |
| Cost of Living | 97.0 |
| Cost of Living Rank | 24 |
| Grocery Cost Index | 96.9 |
| Housing Cost Index | 91.7 |
| Utilities Cost Index | 107.4 |
| Transportation Cost Index | 109.6 |
| Miscellaneous Cost Index | 94.7 |
Source: World Population Review