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Residents of the state of Kansas have one of the lowest averages for consumer debt among all fifty states. A typical total average of debt for a Kansan is $16,127, which is approximately $3000 less than the national average.
In one of the three traditional areas of consumer debt, student loans, that comprise that average, Kansas ranks 27th with respect to graduates with debt. 65% of Kansas college graduates do wind up with debt upon graduation, with an average figure of $26,229. Although that is less than more than half of the other states in America, some students consider using debt consolidation to manage their financial responsibilities after they graduate.
In the second of the three areas of personal debt, mortgages, Kansans enjoy one of the lowest median single-family house prices in the country: $129,900. This also means that the average first-time mortgage price is lower, but unfortunately many Kansas residents still find themselves facing foreclosure. For example, in the Kansas City area, as many as 1 in every 678 homes is in a state of active foreclosure.
In the third category of consumer debt, credit cards, Kansas actually comes in 9th overall for states with the highest debt, with a statewide average of $7,916.74.
Overall personal bankruptcy filings in Kansas are on the decline, with 8,414 cases filed in an average year. That decrease could be due in part to residents? seeking the help of debt consolidation providers rather than filing for bankruptcy.
A number of state laws protect Kansans who are struggling with debt collectors, such as prohibiting ?extortionate? credit extensions that imply harm to an individual or his property if there is a delay in any repayments. Kansas residents are also covered by the federal Fair Debt Collection Practices Act.
Debt Consolidation In The News
AFT leaders in Massachusetts know that supporting our members goes beyond what happens in the classroom, or the schoolhouse, or even the Statehouse. That's why, when the AFT started offering student d...
Published: Fri, 15 Feb 2019 13:38:00 GMT
It's always exciting to be able to announce a new programs that can provide relief to student loan borrowers. The National Health Services Corp (NHSC), a federal agency, has established a new student ...
Published: Sat, 16 Feb 2019 07:01:00 GMT
Forget the free snacks. Move over, gym memberships. A Madison company this month launched a new employee benefit - paying off a portion of an employee's student loan debt - in a move that ...
Published: Mon, 11 Feb 2019 15:14:00 GMT
The last Recession in 2008 affected a lot of people that is why National Debt Relief shares this article to help people prepare for another recession. The article titled "How To Strengthen Your Financ...
Published: Thu, 14 Feb 2019 08:40:00 GMT
BENGALURU: The Legislative Assembly passed the Karnataka Debt Relief Bill-2018 on Wednesday, to ease the burden on the wallets of small farmers, landless agricultural labourers and the economically we...
Published: Wed, 13 Feb 2019 16:00:00 GMT
HELENA - Charles Asmus, a child protective specialist in Montana, told the House State Administration Committee Wednesday that he'll owe about $190,000 after he gets his doctorate. But, he ...
Published: Thu, 14 Feb 2019 13:08:00 GMT
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