People in New Hampshire live free, but they also owe more than the average American. Financial stress and piles of debt can unnecessarily complicate someone’s goals.

  • What are some big contributors to debt in New Hampshire?

Although medical bills used to be the main factor in personal debt, credit card debt and student loans are large pieces of the average New Hampshirite’s debts. The Granite State is, in fact, the largest carrier of student debt per capita in the United States.

  • How bad are these problems?

The average New Hampshire college graduate bears around $36,100 in debt from student loans, 20 percent higher than the national average. Credit card debt is a lesser but significant issue, putting New Hampshire at 11th in the nation for this type of debt.

  • How can people get rid of these debts?

There is no easy fresh start, but options like debt consolidation can relieve the burden and give people space and time to solve their financial challenges. Some student loans may also be forgiven with a qualified amount of public service. Credit card debts may also be consolidated into a low-interest loan for people who qualify. Bankruptcy is generally considered a last option if the others have failed — but that may not be the wisest way to approach it.

  • What is the best way to approach debt relief?

That varies a lot by the size and type of personal debt, but bankruptcy can often help. An attorney can advise debtors on the best ways to recover from debt, as well as help people file for relief from their creditors.