Debt Relief Programs
If you’re struggling with debt in Connecticut, you’re not alone. From Hartford to New Haven, Stamford to Bridgeport, many residents across the state are carrying the weight of rising credit card balances, student loans, and day-to-day expenses. At APFSC, we offer trusted, non-profit debt relief and credit counseling services to help you regain control of your finances and work toward a debt-free future.
The Growing Debt Problem in Connecticut
The Financial Landscape in Connecticut
Connecticut ranks among the wealthiest states in terms of income—but that doesn’t mean its residents are free from debt. With a high cost of living, elevated taxes, and expensive housing in many areas, it’s easy to fall into financial hardship. The average credit card debt per borrower in Connecticut is now over $6,200, and the average student loan debt exceeds $35,000. Around 12.8% of residents carry active student loan balances.
Even with relatively strong credit scores, many people still live paycheck to paycheck, relying on credit cards to manage monthly obligations or unexpected expenses. That’s where APFSC can help—by offering real solutions for real life.
How APFSC Helps Connecticut Residents Manage Debt
Our process begins with a free consultation where a certified credit counselor evaluates your full financial situation—your income, expenses, and total debt. If you qualify, we’ll create a tailored Debt Management Plan (DMP) that consolidates your unsecured debts into one monthly payment, typically at a lower interest rate.
Benefits of our DMP include:
- Combining multiple debts into one simple monthly payment
- Reducing interest rates and stopping late fees
- Ending creditor harassment and collection calls
- Paying off total debt in 3 to 5 years
- Access to tools and support to build financial stability
It’s not a loan—it’s a structured plan to repay what you owe while protecting your peace of mind.
Why Connecticut Residents Struggle with Debt
A Debt Management Plan is a structured, safe way to repay your unsecured debts—including credit cards, medical bills, and personal loans—without borrowing more money. Once enrolled, you make a single monthly payment to APFSC, and we distribute those funds to your creditors.
Why it works:
- Interest rates are reduced or waived by most major creditors
- Penalties and fees are eliminated
- Creditors stop collection calls and legal threats
- Your credit score can improve with consistent payments
- You receive budgeting tools and ongoing support from our counselors
Most clients complete the plan within 3 to 5 years, depending on their income and total debt.
Know Your Rights as a Consumer in Connecticut
Connecticut residents are protected by the Fair Debt Collection Practices Act (FDCPA), which restricts debt collectors from using harassment, threats, or misleading tactics. The state also has a statute of limitations—typically six years for most debts—which limits how long creditors can sue for unpaid balances.
If you’re being contacted by aggressive collectors or facing legal threats, APFSC will help you understand your rights and protect your financial future.
FAQ
Will a Debt Management Plan hurt my credit score?
Initially, it might dip slightly, but most clients see improvement over time as they make consistent on-time payments.
How long does the program take?
Most people complete their plan in 3 to 5 years, depending on how much they owe.
Can I still use my credit cards?
Once enrolled in a DMP, those accounts are typically closed to help you stay on track.
Is my information kept confidential?
Yes. All consultations and services are private and secure.
Case Studies
Approved agency for all major creditors including:
