Debt Relief Programs
If you’re struggling with debt in Maine, you’re far from alone. Whether you live in Portland, Bangor, or a smaller rural community, many Mainers are finding it harder than ever to keep up with bills. With rising costs, credit card balances, and loans stacking up, managing personal finances can feel overwhelming. That’s why APFSC offers non-profit debt relief and credit counseling services to help Maine residents take back control and achieve financial peace of mind.
The Growing Debt Problem in Maine
The Financial Situation in Maine
Maine may be known for its natural beauty and quiet towns, but behind the scenes, debt is taking a toll on many households. The average credit card debt in Maine is over $5,000, while the average student loan debt is nearing $33,000. Approximately 12.4% of residents carry active student loans, which can significantly impact their ability to save or qualify for mortgages and other essential investments.
In areas where income growth hasn’t kept up with inflation, people turn to credit cards just to meet monthly expenses. With healthcare, utilities, and food prices rising, it’s easy to fall into a cycle of borrowing—and much harder to climb out without help.
How APFSC Helps Maine Residents Reduce Debt
We begin with a free financial consultation to help you understand your current financial picture. One of our certified counselors will work with you to create a realistic, personalized plan. If eligible, you can enroll in our Debt Management Plan (DMP)—a program designed to simplify your payments and reduce your total debt faster.
Our DMP helps you:
- Combine unsecured debts into one fixed monthly payment
- Lower interest rates through creditor negotiation
- Stop late fees and collection calls
- Pay off debt in 3 to 5 years
- Build better financial habits for long-term success
Everything is confidential and customized to your income, expenses, and goals.
Common Causes of Debt in Maine
- Sudden job loss or reduction in seasonal work
- High out-of-pocket medical expenses
- Using credit cards to cover everyday needs
- Paying for college without adequate savings
- Lack of emergency funds for unexpected events
What Makes a Debt Management Plan Effective?
Unlike a consolidation loan or settlement offer, a Debt Management Plan helps you manage your existing debt more effectively—without creating new debt. You make one affordable payment each month, which we distribute to your creditors on your behalf.
Benefits include:
- Reduced interest rates (often significantly lower than standard credit card APRs)
- Stopping additional late fees and penalties
- Consistent progress toward full payoff
- Increased credit score over time with on-time payments
- No need to apply for a new loan or line of credit
Most importantly, you’ll have access to our team throughout the entire program, with ongoing support and education to keep you on track.
Talk to a HUD-certified housing counselor to get help with the housing challenges you’re facing.
Understanding Your Rights as a Maine Consumer
Residents of Maine are protected by both federal law and state-specific regulations. The Fair Debt Collection Practices Act (FDCPA) limits how collectors can contact you and what they can say. Additionally, Maine enforces a statute of limitations on how long creditors can sue for unpaid debts.
If you’re receiving threatening phone calls, wage garnishment notices, or confusing letters—our team can step in. We’ll help you understand your rights and options, and ensure no one takes advantage of your situation.
Maine Debt Statistics
- Average credit card debt: $5,194
- Average student loan debt: $32,764
- Residents with student loan debt: 12.4%
- Total student loan debt in Maine: $6.8 billion
- Average credit score: 727
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 Maine. 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 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:
