Compare Top Debt Consolidation Loan Companies
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Freedom Debt Relief
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Compare Quotes Now |
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Learn More (866) 515-6714 | Read More |
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Consolidated Credit Solutions
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Nonprofit credit counselor serving all 50 states. Housing counseling and debt management plans. Average $40 monthly fees. Minimum $1,000 in eligible debt. Provides a financial literacy program for employers. |
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Learn More | Read More |
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Debt Rx
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Get personalized service and attention when you’re seeking debt relief. Find out more about your debt relief options with a free confidential consultation, and use its debt calculator to see how much you can save. |
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Kansas City Credit Union
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Location
5110 Ararat Dr.
Kansas City, MO 64129
(816) 861-5700
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KC Credit Services
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Location
2016 Swift St.
North Kansas City, MO 64116
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Consolidated Chasses Management
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Location
5800 Foxridge Dr., Ste. 230
Mission, KS 66202
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Missouri Debt Relief
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Location
Online services only
Serves residents in Kansas City, MO/KS
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Debt Consolidation Care
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Location
Online services only
Available for residents in Kansas City, MO/KS
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Credit Guard
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Location
National non-profit credit consumer agency
Services available in Kansas City, MO/KS
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How to consolidate debt in Kansas City
Debt consolidation loans roll multiple debts into one fixed monthly payment. Many debt consolidation companies promise a lower interest rate and payment, leading to a simplified relief plan. This does not change the overall cost of the loans, it just extends the period to pay them off.
Debt relief programs get the most consumer complaints with the FCC due to false promises and illegitimate practices. To avoid being a victim, here are a few things to look for:
- Check if the company is a member of the National Foundation for Credit Counseling or Financial Counseling Association of America.
- Read reviews and check their Better Business Bureau rating
- Compare fees and terms of service
Debt consolidation can be ideal for those facing bankruptcy who need to pay back creditors. But, by extending the payment period, you will end up paying more in interest, and for a much longer period of time, than before consolidation.
Household debt varies by state. We break down the average debt and income in Kansas and Missouri:
| Avg. total debt | Avg. mortgage debt | Avg. non-mortgage debt | Avg. income | |
|---|---|---|---|---|
| KS | $45,236 | $30,389 | $14,497 | $67,591 |
| MO | $47,214 | $31,641 | $15,573 | $62,196 |
Kansas City residents with student loan debt
Graduates from University of Missouri-Kansas City, located near the Plaza, on average had $25,912 in student loan debt in 2016. More than 60 percent of 2016 graduates had debt upon graduation, which when paired with other loans can add up quickly. Rockhurst, a private university a few blocks away, has a 78 percent graduation loan debt rate, with an average debt per borrower at $23,753.
Living with credit card debt in Kansas City
Kansas and Missouri rank 33rd and 41st respectively for states with the highest average credit card debt. Those most affected by credit card debt are between 45 and 54 years old, with a national average of $9,096. The highest income bracket ($160,000+) also has the highest average debt.
Medical debt in Kansas City
Kansas City residents may find themselves in medical debt due to the states’ stringent Medicaid rules. Wyandotte County, which encompasses most of Kansas City, Kansas, has the highest rates of medical debt in the metro area at 31 percent of residents. In Jackson County, which encompasses most of Kansas City, Missouri, 29 percent have medical debt in collections.
When faced with mounting bills, debt consolidation with a reputable company can help ease the burden.
Kansas City Debt Consolidation Reviews
Freedom Debt Relief |
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Since 2002, Freedom Debt Relief has resolved over $8 billion in debt for customers, and it averages resolving 43,891 accounts per month. As a founding member of the AFCC, Freedom Debt Relief supports legislation that promises more transparency and regulations in the industry—and they put this belief into practice. |
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Learn More (866) 515-6714 |
Consolidated Credit Solutions |
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Consolidated Credit Solutions has helped clients consolidate over $7.8 billion so far, and it claims it can reduce total credit card payments by 30% - 50%. This company’s certified debt management professionals use a 3-step process to help clients. Reviews from clients in Kansas City are positive and include comments about Consolidated Credit’s excellent customer service and solid results. |
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Learn More |
Debt Rx |
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Debt Rx is an experienced debt settlement company. They work with people having $7,500 or more in credit card debt. The company prides itself on being smaller than its competitors to better focus on personal service to find individual solutions for debt relief. For those behind on payments, Debt Rx may be the right prescription to ease the pain of being in debt. |
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Kansas City Credit Union |
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As a trusted name in finance, Kansas City Credit Union supports customers with a variety of services since 1940. They offer debt consolidation with flexible terms for those in Jackson or Clay County, Missouri. As a non-profit cooperative, Kansas City Credit Union is dedicated to helping you—not its bottom line. |
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