Debt Relief Maine

High personal debt levels present challenges to financial stability.

Credit users in Maine don’t have the highest debt levels of any state in the nation, but that doesn’t mean that they’re short on challenges with debt. The average household owes $9,183 in credit card debt, and the total credit card debt in the state adds up to a whopping $4,859,159,806. The credit card delinquency rate, which denotes the rate of people falling behind on required monthly payments, is 7.43

Luckily there are solutions that savvy borrowers have found to regain stability and achieve success. A debt relief program from Consolidated Credit has helped thousands of credit users in Maine to find relief. If you’re facing problems with debt and need help identifying solutions to regain control, we can help.  Call Consolidated Credit at (844) 276-1544 to request a free debt and budget analysis from a certified credit counselor today.

You don’t have to keep struggling to pay off high interest rate credit card debt on your own. Talk to a certified credit counselor to find a better solution today.

Maine credit card debt statistics

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

  • Household credit card debt: $9,183
  • Total credit card debt in the state: $4,859,159,806
  • Average number of cards per user: 2.75
  • Average credit card debt per user: $6,580
  • Credit card delinquency rate: 7.43
  • Average credit card late fee: $20
  • Credit card fraud reports per capita: 3.78
  • Average credit score: 715

This chart breaks down the average consumer debt in Maine based on the latest Household Debt report from the Federal Reserve.

2023 household debt in Maine from Fed Reserve

Debt relief Maine: See our program in action!

The following case studies come from real clients of Consolidated Credit who reside in Maine. Seeing how we’ve helped some of your neighbors can help you decide if we can help you, too.

Case Study

Derek from Windsor, ME

“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

Case Study

Mark from Lewiston, ME

“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

Ready to see if Consolidated Credit can help you find relief from credit card debt? Talk to a certified credit counselor for a free debt and budget evaluation.