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      November 19, 2018

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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.


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Published:  Mon, 19 Nov 2018 06:12:00 GMT

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Published:  Mon, 19 Nov 2018 05:13:00 GMT

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Published:  Fri, 16 Nov 2018 10:32:00 GMT

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Published:  Fri, 16 Nov 2018 19:58:00 GMT

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Published:  Mon, 19 Nov 2018 13:45:00 GMT

House Democrats Are Already Pursuing a Dumb Tax Stunt, and the Left Is Very Annoyed

Henry Connelly, an aide to Pelosi, explained to me that the House currently operates under a rule put in place by retiring Speaker Paul Ryan that requires a supermajority to raise income taxes at ...

Published:  Fri, 16 Nov 2018 15:57:00 GMT

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