Massachusetts

Massachusetts is central to American history and is home to the Cape Cod shore as well as the Berkshire Mountains. Massachusetts has twelve Fortune 500 companies, and a diverse economy with based on higher education, biotechnology and information technology. Massachusetts is ranked #15 for population and #3 for population density.

As of 2018, over 6.8 million people called Massachusetts home. Boston is the largest city in the Massachusetts.

Income

The median state income is $75,297. As of 2018, the minimum wage is $11.00 per hour. Unfortunately, 13.3% of Massachusettsian children under 18 live in poverty. For residents overall, 10.4% of all people in Massachusetts live under the poverty level.

  • Median state income: $75,297
  • Minimum wage: $11.00/hour
  • Children in poverty: 13.3%
  • People in poverty: 10.4%

Is Massachusettes a Community Property State?

Unfortunately, Massachusettes is not a community property state. Therefore your assets are not seen as equally owned by you and your spouse. Currently, there are only 10 states that are community property states. In the state of Massachusettes, the judge will decide which assets are shared by you and your spouse, and what the equity is for each.

There are 10 community property states in which the state sees your assets as community property are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin.

Homeowners


More than half (60%) of Massachusettsians hold a mortgage. The median home price in Massachusetts is $398,300 (2018). Of course, that median price depends on the location with some areas being much higher.

  • Homeowner rate: 60%
  • Median home price: $398,300

Employment

Massachusetts has a current unemployment rate of 3.5%. 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 Massachusetts debt relief solutions tailored to your unique situation and budget. Our certified counselors help you work up a budget, and explain your options.

  • Unemployment: 3.5% (2018)
  • Underemployment: 8.1% (2017)

Massachusetts Debt

Massachusettsians carry a lot of debt. The average credit card debt is $6,277 (2018). The average student loan debt is $30,584. In addition, Massachusetts is in the top 10 states with 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 Massachusettsians to get into debt.

  • Avg credit card debt: $6,277 (2018)
  • Avg mortgage debt: $252,624 (2017)
  • Avg student loan debt: $30,584 (2017)

Massachusetts Statute of Limitations

Massachusetts’ 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 Massachusetts, the following are the statutes of limitations for different types of debt.

  • Oral agreements: 6 years
  • Written contracts: 6 years
  • Promissory notes: 6 years
  • Credit cards and other revolving loans: 6 years

Massachusetts Debt Relief & Debt 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.

Debt Collection Laws

Massachusettsians 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 Massachusetts 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
  • Call frequently
  • 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 stationary 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

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 Massachusetts.

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.

Massachusetts Better Business Bureau

Pacific Debt is an A+ rated business with the BBB. We have been accredited since 2010. We have received 4.87 out of five stars based on 40 customer reviews with the BBB.

Massachusetts Debt Relief Reviews

by Dee S.
I am currently in the first stage of…
I am currently in the first stage of the program and so far it has been a great experience. Everyone I have talked to has been very professional and empathetic to our situation. I can only hope that the rest of this process goes as well and I can be free of debt with no regrets.
by Customer
I have had a great experience so far
I have had a great experience so far. I would recommend this company to help take control of your finances.
by Rich H
New Begining
If you are thinking there is no end insight and seeing half of your monthly payments going in their bank while the only means for daily needs is another swipe digging the hole deeper. Do yourself a favor do your homework than call Pacific Debt. and listen to your wayout. They work with you so you can see an end and in good time so you realize the sooner you start you can count down to the new begining.

Massachusetts Cities Served by Pacific Debt

Abington
Acushnet Center
Adams
Agawam
Amesbury
Amherst Center
Andover
Arlington
Athol
Attleboro
Ayer
Baldwinville
Barnstable Town
Barre
Belchertown
Bellingham
Belmont
Beverly
Bliss Corner
Bondsville
Boston
Bourne
Boxford
Braintree
Brewster
Bridgewater
Brockton
Brookline
Burlington
Buzzards Bay
Cambridge
Chatham
Chelsea
Chicopee
Clinton
Cochituate
Cordaville
Danvers
Dedham
Dennis
Dennis Port
Dover
Duxbury
East Brookfield
East Dennis
East Douglas
East Falmouth
Easthampton
East Harwich
East Pepperell
East Sandwich
Essex
Everett
Fall River
Falmouth
Fiskdale
Fitchburg
Forestdale
Fort Devens
Foxborough
Framingham
Franklin
Gardner
Gloucester
Granby
Great Barrington
Greenfield
Green Harbor-Cedar Crest
Groton
Hanson
Harwich Center
Harwich Port
Hatfield
Haverhill
Hingham
Holbrook
Holland
Holyoke
Hopedale
Hopkinton
Housatonic
Hudson
Hull
Ipswich
Kingston
Lawrence
Lee
Lenox
Leominster
Lexington
Littleton Common
Longmeadow
Lowell
Lunenburg
Lynn
Lynnfield
Malden
Mansfield Center
Marblehead
Marion Center
Marlborough
Marshfield
Marshfield Hills
Mashpee Neck
Mattapoisett Center
Maynard
Medfield
Medford
Melrose
Methuen
Middleborough Center
Milford
Millers Falls
Millis-Clicquot
Milton
Monomoscoy Island
Monson Center
Monument Beach
Nahant
Nantucket
Needham
New Bedford
Newburyport
New Seabury
Newton
North Adams
North Amherst
Northampton
North Attleborough Center
Northborough
North Brookfield
North Eastham
North Falmouth
Northfield
North Lakeville
North Pembroke
North Plymouth
North Scituate
North Seekonk
Northwest Harwich
North Westport
Norton Center
Norwood
Ocean Bluff-Brant Rock
Ocean Grove
Onset
Orange
Orleans
Oxford
Palmer
Peabody
Pepperell
Pinehurst
Pittsfield
Plymouth
Pocasset
Popponesset
Popponesset Island
Provincetown
Quincy
Randolph
Raynham Center
Reading
Revere
Rockport
Rowley
Rutland
Sagamore
Salem
Salisbury
Sandwich
Saugus
Scituate
Seabrook
Seconsett Island
Sharon
Shelburne Falls
Shirley
Smith Mills
Somerset
Somerville
South Amherst
South Ashburnham
Southbridge
South Deerfield
South Dennis
South Duxbury
South Lancaster
South Yarmouth
Spencer
Springfield
Stoneham
Sturbridge
Swampscott
Taunton
Teaticket
Three Rivers
Topsfield
Townsend
Turners Falls
Upton-West Upton
Vineyard Haven
Wakefield
Walpole
Waltham
Ware
Wareham Center
Warren
Watertown
Webster
Wellesley
Westborough
West Brookfield
West Chatham
West Concord
West Dennis
West Falmouth
Westfield
West Springfield
West Wareham
West Yarmouth
Weweantic
Weymouth
White Island Shores
Whitinsville
Wilbraham
Williamstown
Wilmington
Winchendon
Winchester
Winthrop
Woburn
Woods Hole
Worcester
Yarmouth Port

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