Texas
Debt consolidation in Texas
Texas residents carry an average of $32,000 in consumer debt. Find top consolidation options to lower your payments and get to a clear end date.
- $32,000
- average consumer debt
- $64,000
- median household income
- 50%
- debt-to-income ratio
Top options
Top debt consolidation options in Texas
These lenders and programs serve Texas residents and have strong track records.
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Check your optionsUnderstanding debt consolidation in Texas
If you're a Texas resident struggling with multiple debts, debt consolidation could help simplify your finances and potentially save thousands in interest. With the average TX resident carrying $32,000 in consumer debt, many are looking for relief. Read our complete debt consolidation guide to understand all your options before getting started.
Your options in Texas
- Debt consolidation loans: Combine multiple debts into one loan with a fixed monthly payment and potentially lower interest rate. Learn how to choose the right consolidation loan for your situation.
- Debt management programs: Work with a nonprofit credit counseling agency to negotiate lower rates with your creditors.
- Debt settlement: Negotiate to pay less than you owe, typically for those with $10,000+ in unsecured debt who are experiencing financial hardship.
- Balance transfer credit cards: Transfer high-interest balances to a card with a 0% introductory APR.
Texas consumer protection laws
Texas has consumer protection laws that regulate debt collection and credit practices. Before working with any debt relief company, verify they are licensed to operate in TX and check their standing with the Better Business Bureau and your state's attorney general office. Review the debt consolidation requirements to make sure you qualify.
Getting started
The first step is understanding your current debt situation. Use our calculator below to see how much you could save with debt consolidation, then check your options with our recommended partners.