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      February 17, 2019

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Debt Consolidation in Maine

Maine MapMaine falls within the bottom third of all states in the nation when it comes to bankruptcy filings, with an approximate 4100 residents filing for bankruptcy in an average year, or 3.11 filings for every 1000 residents. There are a number of debt consolidation agencies working to bring those filings even lower by giving individuals alternatives to filing for bankruptcy.

Credit card debt in the state also puts it in the lower half, with an average debt per citizen of $5,613.10.

Maine homes tend to have an average list price of $197,000, considerably higher than many other parts of the country. Foreclosure rates in Maine vary by county, but overall the state sees one home out of every 1700 in foreclosure, and even the highest rates - in Waldo County - are only moderately higher at 1 in every 1028.

On the other hand, college graduates in Maine are more likely to graduate with student debt. Maine ranks 16th in the nation; 64% of students do graduate with debt, and that amount averages $29,934. Debt consolidation is one strategy used by young adults in an effort to manage that student loan debt.

The Attorney Generalís Office in Maine has warned consumers to be aware of a phone scheme whereby callers push Mainers to pay off debts using prepaid debit cards or wire transfers, as the caller pretends to be a representative from the government or a business with whom the resident has a relationship. The state encourages consumers to hang up if they receive any such phone calls.


The View From Here: Maine Republicans keep winning on taxes

It's hard to imagine a worse thumping than what the Maine Republican Party endured last Election Day. They not only lost the governorship and a seat in Congress, but they also lost control of the stat...

Published:  Sun, 17 Feb 2019 02:06:00 GMT

A statewide car tax could cut your tax bill, but if you live in Greenwich, you're out of luck

Darien First Selectman Jayme Stevenson called the proposed state car tax a "shell game." The mill rate in her town is 16.08. "To me, it's just an overt wealth distribution mechanism," said Stevenson, ...

Published:  Sun, 17 Feb 2019 03:19:00 GMT

Greg Kesich: Republicans still winning war on taxes

The budget makes some progress in helping people pay for higher ed, increasing the tax credit for tuition, but not the kind of investment that would make Maine stand out as a place that invests in its ...

Published:  Sun, 17 Feb 2019 02:35:00 GMT

Reduced tax returns cause shock for some

Harrison deBree, 31, an IT specialist from Newmarket, and Lisa Davis, 43, a physical therapist from Berwick, Maine, were among those who said they made out better this tax season. deBree's tax refund ...

Published:  Sat, 16 Feb 2019 14:55:00 GMT

Free tax services available online and in person

You should obtain a complete list of the documents to bring when you make your tax appointment. Q: My neighbors told me I should try to get a home heating tax credit. How do I find out if I qualify A ...

Published:  Sun, 17 Feb 2019 03:08:00 GMT

Murphy, Democrats reach deal to tax legal weed by ounce, reports say

Politico New Jersey, citing three sourced with knowledge of the discussions, said the proposed tax would be $42 an ounce ... Colorado, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont ...

Published:  Sat, 16 Feb 2019 07:27:00 GMT

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