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Debt Consolidation in Kansas

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.

 

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Debt Consolidation In The News

Student Loans: What Is Consolidation Vs. Student Loan Refinancing

When it comes to student loans, this is one of the biggest choices. Student loan consolidation or student loan refinancing The decision is an important one, and could mean tens of thousands of dollar...

Published:  Mon, 16 Jul 2018 05:32:00 GMT



Maryland governor announces student debt-relief initiatives

ANNAPOLIS, Md. - Gov. Larry Hogan is announcing some initiatives aimed at making college more affordable and easing student debt. Hogan made the announcement Monday at the Universities at Shady Grove ...

Published:  Sun, 15 Jul 2018 21:00:00 GMT



One loan vs many: Is debt consolidation the answer

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Published:  Sat, 23 Jun 2018 05:00:00 GMT



IMF: Greek economy improved, but may need more debt relief

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Published:  Fri, 29 Jun 2018 12:41:00 GMT



How Greece's PM celebrated European debt relief package

Greece's Prime Minister has welcomed the decision by eurozone creditors to offer debt relief - and marked the occasion by wearing a tie. Alexis Tsipras often joked that he would start wearing a tie on...

Published:  Fri, 22 Jun 2018 15:48:00 GMT



Nearly 35,000 former Corinthian College students in California will see debt relief

Almost 35,000 former Corinthian College students in California will have the remainder of their private loan balances forgiven and some may receive payment refunds after an investigation by the state ...

Published:  Fri, 15 Jun 2018 03:30:00 GMT



Best Debt Relief Companies In Baltimore Named By Best Debt Settlement Companies

Best Debt Settlement Companies recently reviewed and launched the list of top three debt relief companies that can help Baltimore residents get out of their mounting credit card debts. New York, Unite...

Published:  Tue, 05 Jun 2018 01:14:00 GMT



Student loan debt relief company barred from Mass. operations

BOSTON - United Advisors Group LLC, branded as a student-loan debt relief company, has agreed to stop operating in Massachusetts after allegations that it charged unlawful upfront fees and misled cust...

Published:  Tue, 12 Jun 2018 12:15:00 GMT




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