It is believed that non native people first landed in Maine in 1498 led by the explorer John Cabot. Maine became a state at the same time as Missouri in 1820 as part of a compromise that allowed Missouri to become a slave state while Maine remained free.
Maine, also known as the Pine Tree State, has more trees by nearly 100% than it does people. It’s no wonder then that the state’s leading industry is related to forestry and is among the global leaders in producing paper products.
Thanks to its natural beauty and strategic location along the rugged northern New England coast, tourism is also a staple to Maine’s economy.
Today forestry still stands as a key economic indicator of the state. However a burgeoning customer service and sales call center industry over the past 25 years has also emerged in this part of the nation where cold weather forces the workforce to stay indoors for much of the year.
The Overall Debt Situation in Maine
On the one hand, the state’s overall debt total is relatively low compared with the rest of the United States at just $4.8 billion. But when that number is compared to the state’s low total population of 1.3 million people, that debt number jumps way up per capita.
The capital is Augusta and other note-worthy cities include Portland, Bangor and Kennebunkport, where the Presidential Bush family still maintains a vacation house to this day.
Maine Debt Fast Facts
- Population: 1.3 million
- Median Household Income: $55,602
- Average Credit Score: 689 (the national average is 669)
- Average Credit Card Debt: $5,803
- Average Student Loan Debt: $35,621
- State Debt Total: $4.8 billion
Debt Relief Laws That Protect Maine Residents
Disclaimer: The information shared herein is intended to be a free resource for Maine consumers looking to dismiss debt and does not constitute legal advice.
Whether battling credit card debt, medical debt or private student loan debt, Maine has long been known for passing debt resolution laws that aggressively protect its citizens.
If you are embroiled in a deepening debt situation in Maine, Resolvly can help find an expert team of seasoned debt resolution lawyers to get debt advice that might eliminate debt or at least dismiss debt as soon as possible.
The Fair Debt Collection Practices Act
There are many ways to find debt relief and fight harassing debt collectors and avoid or defend a debt lawsuit. In one case, every consumer has specific debt dismissal rights invoking the federal laws outlined in the Fair Debt Collection Practices Act (FDCPA).
The FDCPA as it relates to Maine residents specifies how to eliminate debt by enforcing your consumer rights against harassing debt collectors. For example, a collector can only call an individual between the local hours of 8am and 9pm. In addition, collectors cannot harass individuals or threaten a citizen with bodily harm or the potential of arrest.
Maine locals in debt also have the ability to stop collectors from repeat callings by sending a physical letter to the agency requesting a cease and desist from the pestering calls. If the FDCPA is violated, a debt resolution company can find you debt defense attorneys who can help you get out of debt and also seek damages and attorney fees.
The Fair Credit Reporting Act
Another consumer protection law designed to assist Maine residents from false or misleading credit information is the Fair Credit Reporting Act (FCRA) which can protect consumers against credit card debt becoming a lawsuit. The FCRA protects the privacy and accuracy of your personal credit history. If an entity violates your rights outlined in the FCRA, there are legal actions that could not only dismiss debt, but earn monetary damages in addition to the recoupment of attorneys’ fees.
There are other debt collection acts unique to the state of Maine that a debt resolution attorney can use to defend you in case of a debt lawsuit.
Let Resolvly Find The Right Debt Relief Lawyer
When it comes to dealing with debt – whether medical debt or credit card debt – ignoring the problem won’t make it go away. Utilizing the legal referral service of Resolvly, can help you hire a lawyer to get out of debt by helping you understand your specific circumstances, and clear the path to debt relief and debt resolution.
We work with consumer protection lawyers trained in debt relief to protect your rights, fight harassing debt collectors and hopefully eliminate debt completely.
Resolvly helps you hire a lawyer to help dismiss debt so that you can live debt free. Our goal is to help you attain true financial freedom and debt resolution. We offer a free consultation designed to refer you to a consumer defense attorney who will work to eliminate your debt. Simply call 844-479-3457 to speak with a debt freedom specialist who will help guide you on the path toward debt resolution so you can once again be debt free.