How to Get Out of Debt in Massachusetts

The unmistakable Boston, Massachusetts skyline with historic Fenway Park in the center.

The year was 1692, and Separatists fleeing religious persecution in England arrived aboard the Mayflower at Plymouth Harbor in 1620. A year later, Thanksgiving was born celebrating the settlers new life and then-peaceful interactions with local Indian tribes.

It wasn’t until nearly 150 years later, when the now-defiant colonists defied Great Britain’s rule and hosted the Boston Tea Party, throwing bags of English tea into Boston Harbor to protest continued high British taxes on goods. Thus sparked the American Revolution and the writing of the Declaration of Independence.

Today, education and health services employ the most people in the state in some of the largest Massachusetts cities like Boston, Worcester and Springfield. Technology in Massachusetts has seen a boom in recent years and, as always, tourism is a major money maker with the historical backdrop of Boston and Plymouth Rock to the postcard-picturesque waterfront towns of Cape Cod, Nantucket and Martha’s Vineyard.

A progressive state, Massachusetts was the first state to legalize gay marriage.

The Overall Debt Situation in Massachusetts

Massachusetts places third for the highest state debt total in the U.S. right behind California and Massachusetts. Yet they maintain their debt responsibly.

Although credit card debt and student loan debt are way above average for the country, residents of Massachusetts enjoy some of the highest incomes in the nation. Thus their ability to get out of debt is a little easier for these hearty Easterners.

Also because they do have high incomes on average, their ability to hire the best debt resolution attorneys makes them quickly go from in-debt to debt free.

Massachusetts Debt Fast Facts

  • Population: 6.9 million
  • Median Household Income: $41,821
  • Average Credit Score: 699 (the national average is 669)
  • Average Credit Card Debt: $6,277
  • Average Student Loan Debt: $32,730
  • State Debt Total: $77 billion

Debt Relief Laws That Protect Massachusetts Residents

Disclaimer: The information shared herein is intended to be a free resource for Massachusetts consumers looking to dismiss debt and does not constitute legal advice.

Whether battling credit card debt, medical debt or private student loan debt, Massachusetts has long been known for passing laws that aggressively protect its citizens.

If you are embroiled in a deepening debt situation in Massachusetts, Resolvly can help find an expert team of seasoned debt resolution lawyers to help 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 rights invoking the federal laws outlined in the Fair Debt Collection Practices Act (FDCPA).

The FDCPA as it relates to Massachusetts residents specifies exactly what a third-party debt collection service can and cannot do. 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.

Massachusetts 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 Massachusetts residents from false or misleading credit information is the Fair Credit Reporting Act (FCRA). 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.

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 866-955-5047 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.

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