Debt Relief Programs
If you’re overwhelmed by debt in Kentucky, you’re not alone. From Lexington to Louisville, many Kentuckians face growing credit card balances, student loan stress, and monthly bills that keep stacking up. At APFSC, we specialize in non-profit debt relief and credit counseling services designed to help Kentucky residents reduce their debt, protect their credit, and get back on track financially.
The Growing Debt Problem in Kentucky
Kentucky’s Financial Landscape
Life in the Bluegrass State offers many advantages, but financial stability isn’t always one of them. Many families rely on credit cards to keep up with the rising cost of groceries, gas, and healthcare. The average credit card debt in Kentucky is approaching $5,000, and the average student loan balance exceeds $33,000. That financial pressure is compounded by stagnant wages and rising rent.
Roughly 13% of residents carry student loans, and many households fall behind on multiple payments—leading to fees, credit damage, and collection calls. Whether you’re living paycheck to paycheck or just trying to get ahead, the burden can be overwhelming.
How We Help Kentucky Residents Break Free from Debt
We begin with a free, one-on-one consultation. One of our certified credit counselors will review your full financial picture and walk you through a realistic strategy for eliminating your debt. For many people, the best solution is our Debt Management Plan (DMP)—a structured plan that combines your payments into one lower monthly amount.
You’ll also get help with budgeting, credit repair tips, and a long-term roadmap for financial stability.
Why Kentuckians Fall Into Debt
- Medical bills and emergency health expenses
- Loss of employment or reduced hours
- High-interest credit cards and predatory loans
- Student debt after graduation
- Lack of financial education or savings
What Is a Debt Management Plan?
Our Debt Management Plan is not a loan. Instead, it simplifies your current unsecured debts—such as credit cards, payday loans, and medical bills—into one affordable monthly payment.
We work with your creditors to:
- Lower your interest rates
- Eliminate or reduce late fees
- Pause collection calls and legal threats
- Get you out of debt within 3 to 5 years
Once enrolled, you’ll make one fixed payment each month, and we’ll distribute it to your creditors. Many clients begin to feel financial relief within the first few weeks of the program.
Talk to a HUD-certified housing counselor to get help with the housing challenges you’re facing.
Consumer Protections in Kentucky
Residents of Kentucky are protected by both federal and state laws when it comes to debt collection and credit reporting. There are limits on how much of your wages can be garnished and on how long creditors can pursue old debts through the courts.
If you’ve received threatening phone calls or letters from collectors, know that you have rights. We’ll help you understand and enforce those rights while creating a debt relief plan that actually works for you.
Quick Debt Statistics in Kentucky
Why Choose APFSC?
As a non-profit organization, APFSC is focused on helping you—not profiting from your situation. We offer judgment-free support, transparent options, and actionable steps to help you get back on track.
When you contact us, you’ll speak with a certified counselor who understands the financial challenges unique to Kentucky. You’ll receive a personalized action plan based on your income, debt, and long-term goals. There’s no obligation, and your first session is completely free.
FAQ
Will this program hurt my credit?
Your score may drop slightly at first, but it usually improves over time as you 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.
What types of debt can be included?
Our programs cover most unsecured debts, including credit cards, medical bills, collections, and personal loans.
Is my information kept confidential?
Yes. All consultations and services are private and secure.
Case Studies
Approved agency for all major creditors including:
