Debt Relief Programs
If you’re dealing with debt in Vermont, you’re not alone. From Burlington to Montpelier, Rutland to Brattleboro, Vermonters across the state are facing rising credit card balances, student loans, and financial uncertainty. At APFSC, we offer personalized, non-profit debt relief and credit counseling services to help you reduce what you owe, organize your finances, and build a debt-free future.
The Growing Debt Problem in Vermont
The Debt Situation in Vermont
Vermont has one of the highest average credit scores in the U.S., but that doesn’t mean residents are immune to debt. The average credit card debt per borrower is over $5,400, and the average student loan debt has climbed past $34,000. About 10.4% of Vermonters are actively repaying student loans, placing added pressure on household budgets.
Living in a rural state can mean limited access to financial education, fewer job opportunities, and unexpected expenses tied to healthcare or housing. When people rely on credit to fill those gaps, balances can grow quickly—especially without a structured repayment plan. That’s where APFSC steps in.
How APFSC Helps Vermonters Get Out of Debt
We begin with a free consultation to understand your full financial picture. A certified credit counselor will review your income, expenses, and total debt. If you qualify, we’ll build a customized Debt Management Plan (DMP) that consolidates your unsecured debts into a single monthly payment—often at a lower interest rate.
What you get with our DMP:
- One simplified monthly payment
- Reduced interest rates through creditor negotiations
- No more late fees or collection calls
- A 3–5 year timeline to become debt-free
- Budgeting guidance and long-term support
This is not a loan. It’s a proven repayment plan that works with your budget—not against it.
Common Causes of Debt in Vermont
- Limited employment opportunities in rural regions
- High cost of healthcare with out-of-pocket expenses
- Credit card usage to cover essential living expenses
- Student loan burdens without clear payoff strategies
- Seasonal income or job disruptions
Why Choose a Debt Management Plan?
like credit cards, personal loans, and medical bills. Once enrolled, you’ll make a single payment to APFSC, and we’ll distribute funds to your creditors—often at reduced rates and with waived fees.
DMP benefits include:
- Lower overall interest
- Protection from creditor harassment and lawsuits
- A predictable monthly payment schedule
- The ability to pay off your debt faster
- Ongoing support from financial experts
Most clients complete the program in 3 to 5 years, depending on how much they owe and what they can afford each month.
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:
