See how much A New Horizon Debt Consolidation Program Can Save You

debt graph
*Individual results may vary depending on balances and rates

Debt Statistics

  • If you didn't have your credit card payment of $218 a month and instead you invested that money in a 12% savings plan, in 25 years you could retire with $1,354,930 in the bank.
  • The average balance on a credit card is $7,000
  • The average interest rate is 18.9%
  • Late fees are now $29.00
  • The average household has 10 credit cards
  • Almost half of all households in America report having difficulty paying the minimum payment
  • If your credit card balance is $8,000 and you make the minimum monthly payment at 18% interest, it will take you 25 years, 7 months to pay the debt off.
  • You will pay $15,432 in interest charges almost 2x the balance, bringing your total to $23,432
  • Americans paid out approximately $65 billion in interest last year alone
  • Last year over 1.3 million Americans filed for bankruptcy, the highest in our nation's history
  • Credit card companies solicit the average American 7 times a year through the mail

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For a completely confidential debt consolidation credit counseling and debt consolidation credit card budget analysis, call A New Horizon today! Let our Certified Credit Counselors help you get a handle on your budget and pave the way for a strong and secure financial future.