I’m satisfied with my decision of going with them. They’ve kept me informed of all my old charges. We speak regularly about what’s going on and I can look up a report online on how my accounts are doing. I can do that anytime I need to. They’re excellent. They’ve just resolved everything and thanks to them, instead of owing all my credit cards, I just have one left to pay.
I called Pacific Debt and they got all my records, and they then made the payments on my credit card debt. The process was very easy and their reps have treated me very well. However, I’d like for it to have gone a little quicker, but it’s been paid now. I would recommend Pacific Debt to a friend.
I was way behind on my bills and needed help clearing things up. I decided to go with Pacific Debt because of the reviews. I gave the people at Pacific Debt eight different credit card accounts and they negotiated to get the principal reduced and calculated a payment for me that would take care of the immediate debts. Carly, the account manager, is the one I communicate with the most. I’m impressed with her courtesy, friendliness, and willingness to assist me. She laid out what was going on and what was the process. We just put the money in to cover what’s needed. She has helped me out greatly and we’re halfway through the debtors. Pacific Debt Inc has made things financially easier. Their rate is a little high but it’s worth the money because they’ve been working very hard on getting a lot accomplished and getting our principal reduced by a lot.
Maryland offers an incredible history, notable people, and scenery from the ocean to the Appalachians. The Chesapeake Bay is at the heart of the state and our national anthem was inspired at Fort McHenry. Maryland has a diverse economy that supports the federal government, military, and some manufacturing. Maryland is ranked #19 for population and #5 for population density.
As of 2018, over 6 million people called Maryland home. Baltimore is the largest city in Maryland.
The median state income is $78,945. As of 2018, the minimum wage is $10.10 per hour. Unfortunately, 12.4% of Marylander children under 18 live in poverty. For residents overall, 9.7% of all people in Maryland live under the poverty level.
Median state income: $78,945
Minimum wage: $10.10/hour
Children in poverty: 12.4%
People in poverty: 9.7%
Homeowners in Maryland
Homeowner rate: 66.9%
Median home price: $284,000
Employment in Maryland
Maryland has a current unemployment rate of 4.3%. However, the underemployment rate is 8.1%. Underemployment is the percentage of civilian workers who are unemployed, employed part-time or are not seeking employment.
If this is you, we can help. Pacific Debt offers Maryland debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget and explain your options.
Unemployment: 4.3% (2018)
Underemployment: 8.1% (2017)
Maryland Debt Statistics
Maryland residents carry a lot of debt. The average credit card debt is $7,913 (2018). The average student loan debt is $27,672. In addition, Maryland is in the top 10 states with the highest average mortgage debt. When you add all that debt on top of the cost of homes (rental or owned), versus the median income, it is very easy for Marylanders to get into debt.
Avg credit card debt: $7,913 (2018)
Avg mortgage debt: $256,744(2017)
Avg student loan debt: $27,672 (2017)
Statute of Limitations in Maryland
Maryland’s statute of limitations lays out maximum time periods that debt collectors can take action against a delinquent debt. These statutes of limitations begin on the date that your debt goes delinquent.
For debts taken out in Maryland, the following are the statutes of limitations for different types of debt.
Oral agreements: 3 years
Written contracts: 3 years
Promissory notes: 12 years
Credit cards and other revolving loans: 3 years
Maryland Debt Relief & Consolidation
If you have more debt than you can pay off, Pacific Debt can help you consolidate your debt and learn to live debt-free. Since 2002, we’ve settled over $200 million in debt for thousands of clients. We are a nationally top-ranked debt relief company located in San Diego.
We will help you work through our proven and comprehensive debt relief program. Your certified debt relief counselor will review all your options. If debt settlement is right for you, we move forward with our debt consolidation program and work to save you money. Pacific Debt can help with most unsecured debt like credit cards, personal loans, medical bills, and repossessions.
It is not an easy process and it won’t happen overnight, but you can do it. Pacific Debt will be there every step of the way to help.
Marylanders are protected against unscrupulous debt collectors. The federal Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive or harassing bill collection practices.In addition, the Maryland Fair Debt Collection Practices Act (MFDCPA) adds protections against more types of collectors and actions. If you are a victim of any of these actions, you may take legal action against them.
Overall, debt collectors can NOT:
Charges more than 10% interest
Garnish more than 25% of wages
Use/threaten physical force or criminal tactics to harm you, your property, or your reputation
Accusing you of committing a crime for not paying the debt
Make/threaten to make defamatory statements to someone else
Threaten arrest, to seize assets, or garnish wages unless actually planning to take such action
Use obscene or profane language
Cause you to spend money you wouldn’t otherwise have spent (ie long-distance telephone calls)
Call you repeatedly or let your phone ring repeatedly
Contact your employer, except to verify employment or health insurance status, garnish wages or locate you
Reveal information about debt to anyone except your spouse or your parents if a minor.
Publicly publish your name for failing to pay
Send a postcard or letter with revealing information on the envelope
Claim to be someone other than a debt collector, including a governmental official
Use stationery that appears to be from a law firm
Charge you collection or attorney’s fees unless legally allowable
Threaten to report you to a credit reporting agency if they have no intention of doing so
Send a letter claiming to come from a claim, credit, audit, or legal department unless it actually is
Debt collectors must:
Disclose caller identification
May contact your family to locate you
Must serve you with notice of a lawsuit if suing you
MD Bankruptcy Court Information
Bankruptcy is a legal action that can erase most of your debt as well as your credit history. It is not an action to take lightly. If you do, you must follow the following steps in Maryland.
Persons filing for bankruptcy must:
Complete credit counseling within six months before filing for bankruptcy.
Complete a financial management instructional course after filing bankruptcy.
Complete a Bankruptcy Act Means Test to determine if you are eligible for a Chapter 7 or 13 bankruptcy
Itemize current income sources; major financial transactions; monthly living expenses; debts (secured and unsecured); and property (all assets and possessions, not just real estate).
Collect last 2 years of tax returns, deeds to real estate you own, car titles, and loan documents
File for bankruptcy
Chapter 7 bankruptcy fee is $306
Chapter 13 bankruptcy fee is $281
Meet with court assigned bankruptcy trustee
Attend a Meeting of Creditors
Confirm plan if filing for Chapter 13 bankruptcy
DISCLAIMER: We are not lawyers and are not giving legal advice. Before filing bankruptcy, talk to a lawyer in your state.