Maryland Debt Relief Programs

Maryland offers strong job opportunities and proximity to major cities like Baltimore and Washington, D.C., but it also has one of the highest costs of living on the East Coast. Rising housing prices, medical bills, and day-to-day expenses leave many Maryland families relying on credit cards to stay afloat. Whether you live in Baltimore, Silver Spring, Annapolis, or Western Maryland, ClearOne Advantage helps Marylanders regain control with personalized debt relief programs that fit your income, lifestyle, and long-term financial goals. 

Key Highlights 

• $3 Billion+ in Debt Resolved  
• A+ BBB Accredited
• Average 45% Savings Before Fees
• Certified Debt Specialists  

How Debt Relief Works in Maryland 

Our Certified Debt Specialists work directly with your creditors to reduce what you owe and create one manageable monthly plan payment. The average program length for clients to complete their program is 24 to 51 months, depending on income, debt levels, and creditor agreements. 

Four Simple Steps 

1. Free Consultation: Review your financial situation with a Certified Debt Specialist.
2. Personalized Plan: Get one affordable monthly plan payment tailored to your budget.
3. Resolve your Debts: We work with your creditors to lower balances and help you reach relief faster.
4. Graduate & move forward: Once your enrolled debt is resolved, you can move on and focus on what truly matters. 

Debt Relief Options for Maryland Residents

Debt Settlement

Maryland residents facing rising expenses, especially in areas like Montgomery County and Baltimore County, often turn to debt settlement when payments become overwhelming. ClearOne Advantage negotiates directly with creditors so you can resolve unsecured debts for less than you owe.

Debt Consolidation

Debt consolidation allows Marylanders to combine multiple high-interest debts into one predictable monthly plan payment. This option works well for people with steady income who want a simplified, structured repayment plan without taking out a new loan.

Debt Management Plan (DMP)

Using a debt management plan gives you a more organized way to handle multiple credit-card bills and may qualify you for reduced interest rates. As a result, you can work toward paying off your debt sooner without borrowing additional money.

Bankruptcy Alternatives

If debt-relief programs are not the right fit, ClearOne can connect you with trusted professionals familiar with Maryland’s Chapter 7 and Chapter 13 bankruptcy options.

Maryland Debt Statistics and Financial Snapshot 

• Average consumer debt: $128,998 [1]
• Average credit card balance: $6,946 [2]
• Average student loan debt: $43,781 [3]
• Median household income: $52,519 (one-person household) [4]
• Average credit score: 715 [5]

Maryland’s high cost of living, especially in areas surrounding D.C., puts additional pressure on families managing medical bills, credit card balances, and personal loans. Structured debt relief programs help residents regain stability without sacrificing essential needs. 

Maryland Consumer Protections and Debt Laws

Maryland Consumer Debt Collection Act (MCDCA)

This law prohibits debt collectors from using threats, harassment, or false representations. Collectors cannot attempt to enforce debts they know are invalid or misrepresent the amount owed. [6]

Maryland Collection Agency Licensing

All debt collectors operating in Maryland must be licensed through the state. Consumers can verify collector licensing through the Maryland Office of the Commissioner of Financial Regulation. [7]

Statute of Limitations on Debt in Maryland

Most consumer debts, including credit cards and medical bills, fall under a three-year statute of limitations. After this period, debts become “time-barred,” meaning collectors may request payment but cannot sue to enforce it. [8]

Wage Garnishment Rules

Maryland law allows wage garnishment only under specific conditions. In most cases, creditors may garnish up to 25 percent of disposable earnings after a court judgment, though certain income (like Social Security) is exempt. [9] This summary is not legal advice.

Individual circumstances vary, and consumers should consult a licensed attorney regarding their rights under Maryland law.

State and Community Assistance Resources

• Maryland Office of the Commissioner of Financial Regulation: Verify licensed collectors and file complaints. [10]
• Maryland 211: Access housing, food assistance, utility aid, and financial support programs. [11]
• Maryland Legal Aid: Free or low-cost legal assistance for residents facing creditor lawsuits. [12]
• Maryland HOPE Housing Counseling Network: Foreclosure prevention and homeowner support resources. [13]

Why Choose ClearOne Advantage

• Proven Results: Over $3 billion in debt resolved
• A+ BBB Rating: Trusted and highly rated
• Accredited by the Association for Consumer Debt Relief (ACDR)
• No Upfront Fees: ClearOne Advantage’s fee is only earned after you approve each settlement and your first payment is made to the creditor.   There are no upfront fees to enroll.

Learn more about why you should trust ClearOne Advantage.

Reviews from Maryland Residents

“Elizabeth was very helpful, patient, and made me feel like I was doing the right thing.The mess I made out of my credit card debt is unreal! It didn't take long for her to get me back on track. This is definitly the go to place if you need help.”

-Kathryn, Dundalk, MD

Results my vary. Read more customer reviews here.

This summary is not legal advice. Individual circumstances vary, and consumers should consult a licensed attorney regarding their rights under Maryland law.

Get a Free Maryland Debt Relief Consultation

Take control of your financial future today. Speak with a Certified Debt Specialist to explore your best debt-relief options. There is no obligation, no upfront fees, and no impact to your credit when you inquire.

Footnotes

[1] https://www.experian.com/blogs/ask-experian/research/consumer-debt-study/
[2] https://www.cnbc.com/select/average-credit-card-balance-by-state/
[3] https://educationdata.org/student-loan-debt-by-state
[4] https://worldpopulationreview.com/state-rankings/median-household-income-by-state
[5] https://www.experian.com/blogs/ask-experian/what-is-the-average-credit-score-in-the-u-s/
[6] https://law.justia.com/codes/maryland/commercial-law/title-14/subtitle-2/section-14-202/
[7] https://www.peoples-law.org/debt-collectors-and-law#licensing
[8] https://www.peoples-law.org/time-limits-debts
[9] https://www.courts.state.md.us/courthelp/judgmentsanddebtcollection
[10] https://labor.maryland.gov/finance/
[11] https://211md.org/
[12] https://www.mdlab.org/
[13] https://dhcd.maryland.gov/Residents/Pages/HOPE/Counseling.aspx