If you’re dealing with debt in Maryland, you’re not alone. Many residents face increasing financial pressure from credit card balances, student loans, medical bills, and unexpected expenses. At APFSC, we provide non-profit debt relief and credit counseling services tailored specifically to help Marylanders regain control and work toward a debt-free future.
The Growing Debt Problem in Maryland
Consumer Debt in Maryland
Maryland consistently ranks among the states with the highest household debt levels. On average, Maryland residents carry over $4,190 in credit card debt per borrower. In addition to that, student loans remain a serious financial burden, with the average balance exceeding $43,000 per person. Roughly 13% of residents are currently repaying student debt.
These numbers reflect a broader challenge. Many families in the state are spending more than they earn, relying on credit cards to bridge gaps between paychecks. Rising housing costs, emergency medical bills, and inflation have added further strain, making it harder for individuals and families to stay afloat financially.
How APFSC Supports Maryland Residents
At APFSC, we are committed to providing practical, compassionate solutions. Our credit counselors offer free consultations to understand your financial situation and guide you toward realistic options. Whether you’re drowning in credit card debt, struggling with multiple loan payments, or facing collections, our team is here to help.
We focus on long-term financial health, not just quick fixes. Through our personalized programs, we’ve helped countless individuals across Maryland reduce their interest rates, consolidate payments, and pay off debt faster—all while building better money habits.
How APFSC Helps You Achieve Financial Freedom
At APFSC, we are dedicated to helping Maryland residents escape the cycle of debt through education, counseling, and customized debt management solutions. Here’s how we support your journey:
- Free Credit Counseling: Our certified counselors provide one-on-one sessions to assess your financial situation and recommend the best path forward.
- Debt Management Plans (DMPs): We negotiate with your creditors to reduce interest rates and consolidate your payments into a single monthly amount.
- Budgeting and Financial Education: We offer resources to help you build long-term financial habits and understand how to avoid debt traps.
- Support for All Types of Debt: Whether it’s credit card debt, medical bills, payday loans, or personal loans, we offer customized debt relief programs.
Common Causes of Debt in Maryland
Many clients come to us with one or more of the following financial challenges:
- Credit card balances with high interest rates and late fees
- Unexpected medical bills and emergency expenses
- Job loss or reduced hours affecting household income
- High cost of living and limited savings
Student loans that have become unmanageable
Talk to a HUD-certified housing counselor to get help with the housing challenges you’re facing.
Our Debt Management Solutions
Our primary offering is the Debt Management Plan (DMP). This plan allows you to combine multiple unsecured debts into one monthly payment. We work directly with your creditors to potentially lower your interest rates and stop late fees or collection calls.
Maryland residents enrolled in our DMP often pay off their debts in three to five years. The consistent monthly payments help stabilize their financial lives and rebuild credit over time.
We also offer ongoing education, including budgeting tips, savings strategies, and goal setting. Our goal is not just to help you resolve your debt, but to empower you to avoid future financial pitfalls.
Know Your Consumer Rights in Maryland
Maryland residents have several protections under both state and federal laws. Debt collectors must follow fair collection practices, and wage garnishment laws limit how much of your paycheck can be taken to repay certain debts. Understanding these protections can prevent unnecessary stress and help you advocate for yourself during tough financial times.
When you work with APFSC, we ensure you are aware of your rights every step of the way. If you’re receiving constant calls from collectors or worried about legal action, our counselors can help you take the right steps toward resolution.
Quick Stats About Debt in Maryland
Maryland ranks high in debt-related statistics, including:
- Average credit card debt: $4,190 per borrower
- Average student loan balance: $43,000+
- Over 13% of Marylanders carry student loan debt
- Total household debt continues to increase year-over-year
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 Maryland. 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.
Get Help from APFSC Today
If you’re feeling overwhelmed by debt, you’re not alone. APFSC has helped countless Maryland residents take control of their finances. Contact us today for a free consultation and start your journey toward financial freedom.
Contact Us to learn more or speak with a certified credit counselor!
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:
