Debt Relief Programs
If you’re facing debt in Colorado, you’re not alone. Whether you live in Denver, Colorado Springs, Aurora, Boulder, or anywhere in the mountains or plains, many Coloradans are struggling with credit card debt, student loans, and everyday financial stress. At APFSC, we offer effective, non-profit debt relief and credit counseling services to help you simplify your finances, lower your payments, and work toward a debt-free future.
The Growing Debt Problem
Understanding Debt in the Centennial State
Colorado’s economy is booming, but so is the cost of living. Rising housing prices, healthcare costs, and everyday expenses have pushed many families to rely on credit just to keep up. The average credit card debt per borrower in Colorado is over $6,000, and the average student loan debt has climbed to nearly $37,000. About 11.9% of Colorado residents carry student loan balances, many of whom are struggling to keep up with payments.
Even with strong job growth, debt can quickly spiral when wages don’t match expenses. Whether you’re falling behind or just trying to get ahead, APFSC can help you build a realistic plan for relief.
How APFSC Helps Colorado Residents Pay Off Debt
We begin with a free, no-obligation consultation with one of our certified credit counselors. After reviewing your income, monthly expenses, and outstanding debts, we’ll help you create a customized Debt Management Plan (DMP) that simplifies repayment and lowers your interest rates.
A DMP helps you:
- Combine unsecured debts into one manageable monthly payment
- Negotiate lower interest rates with creditors
- Eliminate late fees and reduce collection stress
- Pay off your total debt in 3 to 5 years
- Access ongoing budgeting tools and support
It’s not a loan—it’s a better way to pay back what you owe on terms that actually work for you.
Why Coloradans Fall Into Debt
- Skyrocketing housing prices, especially in metro areas
- High healthcare and insurance costs
- Credit card usage to manage basic living expenses
- Student loans with limited repayment flexibility
- Job changes or gaps in employment due to seasonal or contract work
Talk to a HUD-certified housing counselor to get help with the housing challenges you’re facing.
Know Your Rights in Colorado
A Debt Management Plan is a structured and supportive approach to paying off unsecured debt. It’s not a loan, and it doesn’t require you to stop paying or damage your credit long-term.
Here’s how it works:
- We contact your creditors and negotiate lower interest rates
- You make one fixed monthly payment to APFSC
- We send those payments to your creditors on your behalf
- Over time, your debt goes down and your credit can recover
This plan is ideal for those juggling multiple payments who want to repay what they owe—without bankruptcy or borrowing more.
Colorado Debt Statistics
- Average credit card debt: $6,023
- Average student loan debt: $36,939
- Residents with student loans: 11.9%
- Total student loan debt in Colorado: $29.5 billion
Average credit score in Colorado: 730
Why Choose APFSC?
As a non-profit organization, APFSC is focused on helping you—not profiting from your situation. We offer judgment-free support, transparent options, and actionable steps to help you get back on track.
When you contact us, you’ll speak with a certified counselor who understands the financial challenges unique to Colorado. You’ll receive a personalized action plan based on your income, debt, and long-term goals. There’s no obligation, and your first session is completely free.
FAQ
Will a Debt Management Plan hurt my credit score?
Initially, it might dip slightly, but most clients see improvement over time as they make consistent on-time payments.
How long does the program take?
Most people complete their plan in 3 to 5 years, depending on how much they owe.
Can I still use my credit cards?
Once enrolled in a DMP, those accounts are typically closed to help you stay on track.
Is my information kept confidential?
Yes. All consultations and services are private and secure.
Case Studies
Approved agency for all major creditors including:
