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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 cardholder currently uses over 32% of their available credit limit. Anything higher than 30% is bad for your credit score. And 6 out of every 100 residents have at least one credit card that’s more than 90 days past-due. Many residents are turning to balance transfer credit cards to try and pay off their debt faster. But these do-it-yourself debt solutions don’t always work.

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.

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Maine credit card debt statistics

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

  • Average credit card debt per household: $5,803 [1]
  • Average available credit limit: $14,725 [2]
  • Credit utilization ratio (debt vs available limit): 32.31% [2]
  • Average number of cards: 2.91 [3]
  • % of accounts that are delinquent (at least 90 days past due): 6.42% [4]
  • Average credit score: 689 [3]
  • Most popular type of credit card: Balance transfer  [5]

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.

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Sources:
[1] https://www.valuepenguin.com/average-credit-card-debt#by-region
[2] https://www.creditsesame.com/blog/credit-cards/states-maxing-out-their-credit-cards/
[3] https://www.experian.com/blogs/ask-experian/state-of-credit/
[4] https://www.creditsesame.com/blog/debt/states-that-dont-pay-bill-on-time/
[5] https://www.nerdwallet.com/blog/credit-cards/most-popular-credit-cards-state-map-2015/