Let’s Escape Debt: Washington Debt Relief

In a Nutshell

It’s possible to reduce the amount of unsecured debt or other debt that you owe as a resident of Washington State. Currently, many Washington residents carry debt from student loans, mortgages, medical bills, and credit cards.

The average consumer debt in Washington State is one of the highest rates in the entire country. However, it’s possible to reduce your debt. With the help of a credible debt relief organization like TurboDebt, you can find debt-relief solutions to regain your financial freedom.

Get Rid of Debt If You’re in Washington State

Living in debt makes everything hard, especially when you’re not sure how you can repay what you owe. In Washington State, far too many people are struggling to make it to the next paycheck, and if they are struggling to pay their bills, they’re surely struggling to pay their debt.

If you’re struggling financially, you don’t have to continue living in a cycle of debt. In this article, we’ll show you some pertinent information about debt and debt solutions in Washington State, so you can get your financial future back on track.

Debt and Finance Statistics in Washington

Average Consumer Debt

Washington State residents carry an average of $150,423 in consumer debt, one of the highest amounts in the nation. Consumer debt takes the average credit card debt, mortgage balance, student loans, and auto loans to achieve one sum. With an average national consumer debt of $105,056, Washington residents carry a significantly larger debt balance than many Americans.

Credit Card Debt

Outstanding credit card debt among U.S. residents rose to over $1 trillion in 2024. Like many across the country, Washington State residents are currently trying to pay off outstanding balances to credit card companies.

Although the pandemic allowed many Americans to pay off their credit card debt because of low spending and various stimulus checks, plenty of Washington residents are still struggling to pay down their credit card debts, including interest and late fees. In fact, Washington State’s average credit card debt sits at $8,086.

Student Loan Debt

With the cost of education continually rising in the United States, many Washington residents are dealing with student loan debt. Washington grads carry an average of $36,762 in student loan debt with 10% of residents paying off $28.7 billion in debt.

Bankruptcy

In 2024, a total of 8,176 individuals filed for bankruptcy in the state. Although the number of total bankruptcies fell from the previous year, thousands of Washingtonians still filed for Chapter 7 and Chapter 13 bankruptcy, which affects individual credit scores.

Average Income and Employment

Washington State has a median household income of $94,952. However, 10.3% of Washington residents live in poverty, proving many residents are struggling just to afford basic living expenses.

According to the Bureau of Labor Statistics, Washington’s unemployment rate was 4.5 in December of 2024, above the national average of 4.1%.

Credit Scores

Keeping a good credit score is important if you’re interested in improving your financial future. The average credit score in Washington state is 722. While this is a strong credit score, residents with lower scores can still work to improve their credit reports.

How TurboDebt Helped Washington State Residents With Debt Relief Last Year

TurboDebt is committed to helping residents in Washington State. In 2023, we helped 5,833 total clients, with 2,123 clients currently enrolled in our debt relief programs. The total amount of debt that we enrolled in our program last year was $53,848,959.

On average, our enrolled clients carry around $25,365 in debt. No debt is too big for TurboDebt to help you with. In fact, we’ve saved our clients an average of 53.53% after enrolling in one of our programs.

From the bustling urban neighborhoods of Seattle to the unique blend of landscapes in Tacoma, TurboDebt provides effective debt relief services throughout Washington. With more than 500,000 Americans already reaping the benefits of our program, our committed team is here to support Washington residents in overcoming financial obstacles and striving for a debt-free life.

Top Types of Debt to Get Relief From in Washington

Divorce Debt

Divorce is already upsetting and stressful, but when money is involved in your divorce, you might end up struggling even more. TurboDebt understands that divorce debt is tricky, so if you need more information about how to settle your divorce debt, reach out to us.

Business Debt

Did you start a business? Do you have debt because you started a business? If you answered yes to these two questions, then you’re a great candidate for TurboDebt. We can help you reduce the amount of business debt that you have and help you get your business finances back on track.

Medical Debt

If you’re already experiencing health problems, it’s unfortunate to experience debt from the medical bills that come with it. However, there are debt relief options to help make your medical debt more manageable. TurboDebt knows that the average American has between $5,000 and $10,000 in medical debt. This debt doesn’t have to take over your life anymore.

Homeowner Debt

Homeowners are in debt from mortgages, home repairs, and outstanding HELOC balances, but you can take control of this debt when you work with TurboDebt.

Our experts can help you with strategic planning and advising to determine the best course for your financial future. While we don't enroll secured debt from mortgages, we've helped homeowners overcome outstanding balances from personal loans or credit card balances. 

Retirement Debt

If you have debt and you’re retired, it can cause you unneeded stress in your post-work years. Regardless of your circumstances, TurboDebt can figure out a way to improve your debt, even if you’re in retirement.

Let’s Solve Things: Debt Relief Options in Washington

Here's a look at your options when it comes to relieving debt in The Evergreen State:

Debt Management Programs

Monthly debt payments can be difficult to handle, especially when you’re struggling to meet other bills and expenses. If you enroll in a debt management program, you can work to restructure your monthly payments, giving yourself a better chance of paying down your debts.

Debt Consolidation Loans

Debt consolidation loans are useful for Washingtonians with a lot of debt in multiple accounts. When you consolidate your debts, you’re reducing your interest to a single lender's rate and paying on one account every month. 

Having only one payment can make paying down debts much more efficient since it’s best to have fewer and lower interest rates than multiple high interest rates.

Debt Settlement

If things have gotten out of control, you might feel like there’s no way out of your debts. However, if you opt for a settlement and work with a debt settlement company, you might be able to negotiate a lower payment. With a debt settlement, you’ll pay less than you would have originally. 

Credit Counseling

Credit counselors take the time to understand your specific financial situation. Credit counseling agencies allow you to work one-on-one with a credit counselor to help you improve your credit and your overall financial situation. Certified credit counselors can also help you prepare a debt management plan to restructure your monthly payments. 

Bankruptcy

Filing for bankruptcy is often a last resort, but it can help give you a fresh start. When you’re in bankruptcy, you ask to be discharged from your debts in order to start fresh. This happens through court proceedings where you are ordered to liquidate assets to pay creditors. In some cases, your debts are waived or forgiven by the court.

Debt Forgiveness

Sometimes, you might be able to have debts partially or completely eliminated or forgiven through a debt forgiveness program. These programs are typically offered through federal agencies at the state and national levels. You'll need to qualify for a debt forgiveness program based on factors like your income or profession. 

When a loan is forgiven, you don’t have to pay it anymore. However, you may need to pay taxes on your forgiven debt as the IRS counts it as income. 

Debt and Financial Hardship Resources

If you’re in need of assistance in Washington State, there are plenty of debt and financial hardship programs that might be right for you.

Temporary Assistance Programs

Temporary Assistance for Needy Families (TANF) provides temporary, monthly cash to eligible families. It offers aid in areas such as housing, child support, and more.

Note: There are no stimulus checks for Washington State available.

State Health and Human Services

Washington Healthplanfinder can help Washington residents find the health care plan that is right for them. Also, there are nonprofits and payment plans for health care. You might find that Medicaid and Medicare are good fits for residents who are eligible for them.

Child Care

There are benefits that are in place for Washington residents through the Fair Start for Kids Act. Because of this, families who make up to $5139 a month are eligible for a stipend to help with child care copays. If you qualify for this, this might be a good way to get help paying for child care.

Shelters for the Homeless

There are many shelters for the homeless in Washington state, whether you live in Tacoma or another place. If you find yourself in need of a place to sleep, the Roots Young Adult Shelter, the Compass Blaine Center Emergency shelter, and the Open House Ministries Vancouver Washington Shelter are all good options.

Free Transportation Services

It’s important that you have access to transportation services, especially if you’re someone who is trying to get a job or go to work. It is possible to apply for reduced transit fares, so if you’re someone who is low-income, this program might help you afford transportation costs.

Find Debt Relief in Washington State with TurboDebt

TurboDebt is committed to helping people all over America, so if you’re in Washington State, you might be a great candidate for our services.

Contact us today for a free consultation and start your journey toward financial freedom. With over 18,000 5-star TurboDebt reviews and an accreditation from the Better Business Bureau, we're a trusted partner for debt relief assistance.