The Best Colorado Debt Consolidation Companies of 2020

For Coloradans struggling with medical, payday, student, auto or other types of debt, you can rest assured you’re not alone. Colorado ranks #11 in terms of GDP growth (3.6%), has an unemployment_rate of 4.5%, and a poverty rate of 13.10%.

The average Coloradan has $2,905 in personal debt, plus $258,026 of mortgage debt per capita. On average, residents have an open credit card balance of $6,718 and 52% of residents have a student loan, the average amount of which is $26,530 . Each year approximately 11,336 Coloradans declare bankruptcy Fortunately for you, there are a number of Colorado debt consolidation options to help you get back on track financially.

No matter whether you live in Denver, Colorado Springs, Aurora, or somewhere else in the great state of Colorado, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in Colorado (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 Colorado. 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.

United Consumer Services, LLC

Parker, CO, 80134
(866) 598-3373

Rating: 8.39/10

Trident Debt Solutions, Inc. – Denver

1444 Stuart St
Denver, CO, 80204-1245
(303) 857-5633

Rating: 8.49/10

Trident Debt Solutions, Inc.

135 Oneida ST
Boulder, CO, 80303
(303) 857-5633

Rating: 8.6/10

Synergy Credit Services LLC

2821 S Parker Rd Ste 265
Aurora, CO, 80014-2708
(866) 709-9461

Rating: 8.7/10

Prestige Fi-cial Solutions

5005 W 81st Pl Unit 401
Westminster, CO, 80031-4393
(866) 761-1227

Rating: 8.81/10

People’s Credit Repair Inc

1309 N Vermillion Ct
Pueblo West, CO, 81007
(800) 485-9114

Rating: 8.91/10

New Start Advisors LLC

1631 N Emerson St Apt 217
Denver, CO, 80218-1477
(888) 306-9240

Rating: 9.02/10

Money Management International, Inc.

3190 S Vaughn Way Ste 550
Aurora, CO, 80014-3538
(800) 308-2227

Rating: 9.13/10

Integrity Debt Solutions LLC

2366 Primo Rd Unit 205
Highlands Ranch, CO, 80129-6567
(303) 914-0233

Rating: 9.24/10

Elite Service LLC

1776 S Jackson St Ste 519
Denver, CO, 80210-3851
(720) 749-2004

Rating: 9.35/10

Centennial Funding, LLC

999 18th St Ste 3000
Denver, CO, 80202
(877) 701-5114

Rating: 9.47/10

Asset Recovery Investors and Associates LLC

P.O Box 200471
Denver, CO, 80220
(888) 475-7930

Rating: 9.58/10

Accord Associates Denver Ltd

9354 Weeping Willow Pl
Highlands Ranch, CO, 80130-4460
(303) 683-6434

Rating: 9.7/10

Colorado Debt Statistics

Total Debt$16,980,689
Debt Per Capita$2,905
Debt Per Capita Rank30

Source: World Population Review

Colorado Credit Card Debt Statistics

Average Credit Card Balance688
Average Credit Score$6,718
Avg Credit Card Balance Rank (1 = Highest Balance)8
Avg Credit Score Rank (1=Highest Score)15

Source: Experian

Mortgage Debt in Colorado

Mortgage Debt Per Capita$258,026
Avg 30 yr Mortgage Rate4.04%
Avg 15 yr Mortgage Rate3.56%
Median Home Value$381,300
Avg Outstanding Mortgage Debt$259,113
Difference Between Value and Mortgage Debt$122,187
Avg Homeowner FICO Score718

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Colorado

Payday Loan Legal StatusLegal
Max Payday Loan Amount500
Max Payday Loan Term6 months
Max Payday Loan APR214%

Source: Colorado Government Website

Unemployment and the Economy of Colorado

Poverty Rate – Population13.10%
Poverty Rate – Population – Rank35
Poverty Rate – Family8.80%
Poverty Rate – Family – Rank37
Unemployment Rate (March 2020)4.5
Unemployment Rank31
GDP Growth3.6
GDP Growth Rank11

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Colorado

Percent of Population with Student Loans52%
Average Student Loan debt$26,530
Average Debt of New Graduates (2017-18)$24,888
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)52%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)12
Percent of Graduates at Schools with Usable Data70%
Nonfederal debt of graduates, as percent of total debt20%
Fall enrollment – Undergraduate total (IPEDS)312,716
Tuition and Fees (in-district/in-state)$12,355
Total Cost of Attendance (on-campus)$30,670
Percent of Institutional Grants that are Need-Based67%

Source: Value Penguin, TICAS

Cost of Living in Colorado

Annual Mean Wage (All Occupations)$55,820
Median Monthly Rent$1,927
Value of a Dollar$0.97
Cost of Living105.6
Cost of Living Rank33
Grocery Cost Index102.5
Housing Cost Index119.0
Utilities Cost Index88.4
Transportation Cost Index101.2
Miscellaneous Cost Index102.9

Source: World Population Review