Before signing up for a debt consolidation loan, we recommend speaking with the non profit loan advisor Money Fit. They offer free advice and materials to help you get out of debt including credit counseling. They have helped thousands of people in Maine get debt consolidation loans.
How Much Debt is the Average Maine Resident in?
In Maine, the average household credit card debt was $5,803 in 2018.
To put it in perspective, Maine ranks 49th in terms of average household credit card debt when compared to the other states on the list. However Maine has the country’s sixth-highest average student debt, with Mainers owing more than $33,000 on average.
Best Debt Consolidation Loans in Maine
Upgrade is a debt consolidation lender for those in Maine, APR is 5.94-35.97%. The term is 3-5 years and a max of $50,000.
Best Egg is a debt consolidator for Maine, APR is 5.99% for 3-5 years. The max loan is $50,000.
SoFi is a debt consolidator for Maine, APR 4.99-19.63%. The term is 1-5 years with a maximum of $50,000.
PenFed offers debt consolidation loans for Maine. The APR is from 5.99 – 17.99% for 1-5 years with a maximum of $50,000.
Avant is a debt consolidator than has an APR of 9.95 – 35.99% for 2-5 years. The maximum loan amount is $35,000.
LendingClub‘s debt consolidation loans have an APR 7-35%. The loan term is 3-5 years and the max you can borrow is $40,000.
Freedom Debt Relief also offers debt consolidation across the country but they don’t publicize their rates.
Check out a full list of debt consolidation lenders for Maine here.