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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.

 

Proposed sales tax measure headed to November ballot

The Burbank City Council voted unanimously during a meeting on Tuesday to call for a special election on Nov. 6 to ask voters whether a local three-quarter-cent sales tax should be implemented in the ...

Published:  Fri, 20 Jul 2018 23:20:00 GMT



Carlos Curbelo Deserves Credit for His Innovative Carbon-Tax Proposal

Second, Curbelo's carbon tax is quite high - far higher in real terms than the low carbon tax that Pielke proposed in 2010. That strikes me as a mistake. To build a broader coalition, I'd suggest a mu...

Published:  Fri, 20 Jul 2018 14:51:00 GMT



There are growing demands for Trump to release his tax returns after disastrous summit with Putin

"My people came to me - Dan Coats came to me ... Schumer said. "Well, that's why his tax returns would be so important. We should pass legislation that requires the president to release his tax return...

Published:  Wed, 18 Jul 2018 01:44:00 GMT



Chelsea residents raise tax levy limit

CHELSEA - Chelsea residents voted Thursday at a special town meeting to raise the property tax levy limit for the town for the budget residents approved a month ago. "We can go ahead and commit the ta...

Published:  Thu, 19 Jul 2018 18:44:00 GMT



Tax Cuts 2.0 on Track for House Vote in September

Many cited the temporary nature of the individual tax cuts as the reason for voting no. "I invite Senator Sanders and all of my Democratic colleagues to join me today and make tax rate cuts for hardwo...

Published:  Wed, 18 Jul 2018 16:41:00 GMT



What to know about Dennis Schroder, luxury tax and the Thunder's busy trade week

Any salary absorbed in a trade using the exceptions, however, would count against the cap and the luxury tax. OKC upped its international flair ... "My mom, she told me to dye my hair completely blond...

Published:  Sat, 21 Jul 2018 02:00:00 GMT



L.A. County votes to put new property tax before voters to clean storm water

Los Angeles County supervisors voted Tuesday to place a property tax before voters in November to raise money for projects to capture and clean storm water. The measure would allow the county to levy ...

Published:  Wed, 18 Jul 2018 01:05:00 GMT



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