Albuquerque Debt Consolidation

Our nonprofit credit counseling service has provided options including debt consolidation to Albuquerque residents in need of relief from the burden of heavy credit card and other unsecured debt for over twenty years now! We extend to residents of Albuquerque a free, no obligation debt assessment that can be done on the phone or online with one of our certified credit counselors.

Will Debt Consolidation Help?

  • Get a free financial assessment
  • Learn about your options
  • Find a plan that fits your budget
  • Reduce interest rates and stop late & over limit fees
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Albuquerque residents with few options for debt relief can seek out debt consolidation.

Debt Consolidation is a Necessary Resource for Struggling Albuquerque Residents

The city of Albuquerque Nm remains true to its roots even as it evolves into a modern-day city. The architecture, art, museums, celebrations, and values are greatly influenced by the city’s Spanish and Mexican history. Because of this rich culture, Burqueños have no need to settle for anything less than authentic cooking including freshly made tortillas, sopapillas, and chile. Residents also take their fitness seriously. They spend their time outside in the always sunny desert climate rock climbing or hiking. At night they pause to appreciate the sunsets and optimal star gazing. This take on life has earned Albuquerque the envy-worthy title of the “Land of Enchantment.

Unfortunately, Albuquerque has only recently begun to return to the place it once was. The 2008 recession hit the area hard causing widespread job loss and pushed many households into poverty. While employment and wages are rising slowly, but surely, a full recovery isn’t predicted before 2020.

The unemployment rate sits higher than the average in the U.S. Certain job sectors such as manufacturing are expected to continue to decline. In general, it is suggested that households spend no more than 30% of their income on housing. In Albuquerque, 72% of the population is forced to spend over this amount due to current market conditions.

The city in its own progress report acknowledged the need to better serve the 23% of its population currently living in poverty, as well as those who are uneducated and have no access to affordable housing. Due to this gap between income available and the cost of living, many have turned to credit cards and unsecured loans to get by. According to one analysis, New Mexico, as a whole, struggles with the 2nd largest debt burden in the nation. Albuquerque residents share in that strain as they try to keep up with bills due using insufficient pay.

If you have found yourself overwhelmed with debt, our credit counseling services can provide you with solutions. Using budgeting and debt consolidation, our certified credit counselors can balance your finances and find you the peace of mind you deserve. Once we’ve handled your debt, your only worry will be deciding between red or green.

Albuquerque Financial Resources:

Organizations Offering Financial Assistance

New Mexico Public Assistance

Nusenda Foundation Financial Capability Courses

New Mexico Financial Resource Guide