Debt Consolidation in Action: Maine

High personal debt levels present challenges to financial stability.

Mainers certainly don’t lack for challenges when it comes to maintaining financial stability in the face of debt. Average student loan balances are significantly higher than national averages. Almost one in every five homes is still underwater, because the balance owed on the mortgage is more than the home is worth. As a result, even though residents have credit card balances lower than the national average, overall debt load is still causing problems for borrowers.

Luckily there are solutions that savvy borrowers have found to regain stability and achieve success. If you’re facing problems with debt and need help identifying solutions so you can regain control, we can help.  Call Consolidated Credit at or complete an online application to request a free debt and budget analysis from a certified credit counselor today.

Debt Statistics in Maine

The statistics below can help you understand the current situation Mainers face when it comes to personal debt:

[1] http://www.washingtonpost.com/blogs/govbeat/wp/2013/08/20/ranking-the-states-credit-card-debt/

All other statistics brought to you by America’s Voice on Debt (AVOD)

Credit Counseling in Action for Maine residents

The following testimonials and case studies come from real Mainers who have found relief from credit card debt by enrolling in a debt management program. Every financial situation is unique, but these stories can give you a better idea of how credit counseling may be able to help you achieve stability.

No complaints. Consolidated Credit is doing exactly what they said they would do. Thank you!

Where he started:

  • Total unsecured debt: $31,951.29
  • Estimated interest charges: $18,664.10
  • Time to payoff: 15 years, 11 months
  • Total monthly payments: $1,278.05

After DMP enrollment:

  • Average negotiated interest rate: 7.25%
  • Total interest charges: $4,122.03
  • Time to payoff: 3 years, 2 months
  • Total monthly payment: $970.00
Time Saved:
12 years, 9 months
Monthly Savings:
$308.05
Interest Saved:
$14,542.07
My credit counselor was the utmost professional in guiding me on getting started.

Where he started:

  • Total unsecured debt: $14,070.00
  • Estimated interest charges: $7,313.65
  • Time to payoff: 10 years, 7 months
  • Total monthly payments: $566.68

After DMP enrollment:

  • Average negotiated interest rate: 12.15%
  • Total interest charges: $6,840.37
  • Time to payoff: 3 years, 4 months
  • Total monthly payment: $463.00
Time Saved:
7 years, 3 months
Monthly Savings:
$103.68
Interest Saved:
$473.28

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
Click here to learn more.

Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

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