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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.


Elderly Maine considers tax hike to fund universal home care

On November 6, Maine voters will consider a proposal to provide free home care to people 65 and older and those with disabilities. The plan, "Question 1" on the ballot, would be funded by an additiona...

Published:  Thu, 01 Nov 2018 15:35:00 GMT

Business groups: Massive tax increase sought by Question 1 would be disaster for Maine

Together, our organizations represent thousands of Maine businesses large and small. Our members strongly oppose Question 1 on the ballot Nov. 6. If Question 1 passes, Maine will become the highest-ta...

Published:  Thu, 01 Nov 2018 01:10:00 GMT

Maine's outgoing governor moving to Florida over taxes

Maine's outgoing Gov. Paul LePage is moving to Florida - and it's not just for the weather. He said he's being "forced out." Continue Reading Below "For the 60 years I've been working in Maine and liv...

Published:  Thu, 08 Nov 2018 10:17:00 GMT

Maine Township voters to Cook County: Don't bring back soda tax

Maine Township voters sent a clear message to the Cook County Board this election day: Don't even consider bringing back last year's short-lived tax on sweetened beverages. With all 92 precincts repor...

Published:  Tue, 06 Nov 2018 21:20:00 GMT

Property tax for stormwater management appears headed for passage

Measure W, a Los Angeles County parcel tax that would raise funds to capture and clean up stormwater, sat barely above the two-thirds vote total needed for passage Wednesday, with backers proclaiming ...

Published:  Thu, 08 Nov 2018 00:00:00 GMT

Maine Gov. Paul LePage says he's moving to Florida over taxes

Outgoing Maine Gov. Paul LePage announced Monday that he's leaving his home state to move to Florida where he can pay less taxes and possibly land a teaching gig. "I'll be a resident of Florida if Jan...

Published:  Mon, 05 Nov 2018 18:46:00 GMT

Air and Water Pollution Control Facility Tax Exemptions: Don't Leave Money on the Table!

We are reminding the developers and owners of these projects that Maine law provides an opportunity to obtain tax exemptions for air and water pollution control facilities that often are integral part...

Published:  Fri, 02 Nov 2018 16:25:00 GMT

Maine District 207 voters OK tax hike for $240 million in building improvements

Voters have approved a tax hike Tuesday to help Maine Township High School District 207 pay for $240 million in improvements at its three high schools. With 90 of 102 precincts reporting, about 61 per...

Published:  Tue, 06 Nov 2018 18:52:00 GMT

Maine voters will decide on a universal home care initiative for seniors funded by a tax on higher income earners

Jessica Browne prepares a plate of French toast for her mom, who works on a puzzle in their kitchen. - Patty Wight for Marketplace This election, voters in Maine will decide whether they want to tax h...

Published:  Fri, 02 Nov 2018 11:13:00 GMT

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