The Best Nevada Debt Consolidation Companies of 2020

If you’re one of the many Nevada residents struggling with credit card, auto, payday, medical or other types of loans, you’re one of many. Nevada ranks in the bottom half of the country in terms of unemployment, with a rate of 6.3%. Approximately 15.60% of the population and 11.50% of families live in poverty.

The average Nevadan has $1,035 in personal debt, plus $225,095 of mortgage debt per capita. On average, residents have an open credit card balance of $5,630 and 49% of residents have a student loan, the average amount of which is $22,064 . Each year approximately 9,965 Nevadans declare bankruptcy. Fortunately for you, there are a number of Nevada debt consolidation options to help you get free from debt.

So whether you live in Las Vegas, Reno, Henderson, or somewhere in-between, take charge of your financial situation and consider consolidating your debt load.

The Best Debt Consolidation Companies in Nevada (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 Nevada. 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.

Consumer Credit Counseling Service

2650 S Jones Blvd
Las Vegas, NV, 89146-5341
(800) 308-2227

Rating: 9.3/10

Nevada Debt Statistics

Total Debt$3,248,814
Debt Per Capita$1,035
Debt Per Capita Rank48

Source: World Population Review

Nevada Credit Card Debt Statistics

Average Credit Card Balance695
Average Credit Score$5,630
Avg Credit Card Balance Rank (1 = Highest Balance)42
Avg Credit Score Rank (1=Highest Score)8

Source: Experian

Mortgage Debt in Nevada

Mortgage Debt Per Capita$225,095
Avg 30 yr Mortgage Rate3.92%
Avg 15 yr Mortgage Rate3.41%
Median Home Value$291,800
Avg Outstanding Mortgage Debt$226,812
Difference Between Value and Mortgage Debt$64,988
Avg Homeowner FICO Score686

Source: Federal Reserve, Value Penguin, Experian

Payday Loan Debt in Nevada

Payday Loan Legal StatusLegal
Max Payday Loan Amount25% of monthly gross income
Max Payday Loan Term35 days
Max Payday Loan APRNo limit

Source: Nevada Government Website

Unemployment and the Economy of Nevada

Poverty Rate – Population15.60%
Poverty Rate – Population – Rank24
Poverty Rate – Family11.50%
Poverty Rate – Family – Rank21
Unemployment Rate (March 2020)6.3
Unemployment Rank50
GDP Growth4.0
GDP Growth Rank5

Source: US Census, Bureau of Labor Statistics

Student Loan Debt in Nevada

Percent of Population with Student Loans49%
Average Student Loan debt$22,064
Average Debt of New Graduates (2017-18)$22,600
Average Debt Ranknan
Percent of Graduates with Debt (2017-18)51%
Percent with Debt Ranknan
Usable Institutions (BA-Granting)1
Percent of Graduates at Schools with Usable Data42%
Nonfederal debt of graduates, as percent of total debt15%
Fall enrollment – Undergraduate total (IPEDS)109,157
Tuition and Fees (in-district/in-state)$6,407
Total Cost of Attendance (on-campus)$23,886
Percent of Institutional Grants that are Need-Based82%

Source: Value Penguin, TICAS

Cost of Living in Nevada

Annual Mean Wage (All Occupations)$46,170
Median Monthly Rent$1,423
Value of a Dollar$1.03
Cost of Living108.5
Cost of Living Rank36
Grocery Cost Index108.3
Housing Cost Index121.8
Utilities Cost Index89.0
Transportation Cost Index123.5
Miscellaneous Cost Index105.7

Source: World Population Review