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Debt Consolidation in New Hampshire

When examining consumer debt in New Hampshire, the state's rankings vary widely. For instances, New Hampshire college graduates have the highest percentage of students graduating with debt and the highest average dollar amount of that debt, in comparison with the other forty-nine states. 76% of graduates have debt upon completion of their studies, and the average amount of that debt is a staggering $32,795 per student. Young New Hampshire people are looking for ways to manage their student loans and other financial obligations, and debt consolidation is one such resource.

On the other hand, New Hampshire has one of the lower foreclosure rates in the United States, with one in every 2114 homes in foreclosure. Even in the counties with higher numbers - Cheshire, Hillsborough, Rockingham, and Belknap - the foreclosure rate only reaches one in every 1,735 homes.

New Hampshire also ranks well with respect to bankruptcies, with just under 3,000 individuals filing for bankruptcy in a typical year, representing a rate of 2.23 filings for every 1000 people. This ranks the state as 32nd in the nation. Debt consolidation helps residents avoid the need to file for bankruptcy.

The average credit card debt held by New Hampshire residents is $6,159.08, putting the state in 19th place. State residents place 24th overall when considering lowest levels of personal debt: 5% of credit holders in the state have debt that is past due, and of those past due debtors 27.4% have debt in collections with an average dollar amount of $5,862.

Residents of New Hampshire are protected by both the federal Fair Debt Collection Practices Act and state law. Under the state law pertaining to debt collection, collection agencies are not allowed to call a debtor at his or her place of employment without the individual's permission, and even with that permission the calls are limited to no more than once per month.

 

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Debt Consolidation In The News

Don't increase debt warns Draghi

(ANSA) - Rome, November 16 - European Central Bank President Mario Draghi said Friday that countries with a high public debt should not increase it further and should respect the EU's budget rules. "L...

Published:  Fri, 16 Nov 2018 02:45:00 GMT



Virginia Attorney General wins $50 million in penalties, debt relief in lawsuit against illegal loans

Attorney General Mark Herring announced Thursday that he won $50 million in debt relief and ordered civil penalties in a lawsuit against Future Income Payments, LLC; FIP, LLC; and their owner ...

Published:  Thu, 15 Nov 2018 13:51:00 GMT



Judge orders $50M in debt relief, penalties, after Herring lawsuit

A Hampton judge has ordered a Nevada firm accused of targeting elderly Virginia veterans with deceptive loans to pay $31.7 million in civil penalties and forgive $20 million in debt. Virginia ...

Published:  Thu, 15 Nov 2018 14:36:00 GMT



Virginia AG orders civil penalties against loan company

RICHMOND, Va. (AP) - Virginia's attorney general has ordered civil penalties and debt relief totaling $50 million against a loan company in light of a lawsuit accusing it of making illegal, high-inter...

Published:  Thu, 15 Nov 2018 23:29:00 GMT



Betsy DeVos Sued Again For Delaying Student Loan Forgiveness

... (HERA), alleges that the Education Department is ignoring a federal judge's ruling last month to begin student loan debt relief for certain borrowers affected by the Borrower Defense Rule. Those i...

Published:  Thu, 15 Nov 2018 04:32:00 GMT



Deal of the Week: MLPs to consolidate, buy Anadarko's midstream assets for $4B

The Woodlands-based Western Gas Equity Partners LP (NYSE: WGP) and Western Gas Partners LP (NYSE: WES) - master limited partnerships formed by Anadarko Petroleum Corp. (NYSE: APC) - will consolidate . ...

Published:  Thu, 15 Nov 2018 20:00:00 GMT



Analyst Corner: Sobha to cash in on industry consolidation; maintain buy

ready land bank of 206 msf, it is well- placed to capitalize on consolidation in industry ... and advertising expenses towards planned launches. As a result, net debt increased to Rs 23.6 bn (vs Rs 22 ...

Published:  Thu, 15 Nov 2018 17:01:22 GMT



FTC and NY Sue Debt Collectors for Deceptive Practices

and New York state law related to debt collection and use of fraudulent or deceptive business practices. In addition to suing the corporate entities, the suit also names the individual who owned and m...

Published:  Thu, 15 Nov 2018 17:36:00 GMT



3rd Circ. Says Fannie, Freddie Investors Not Owed Relief

The panel also held that granting relief to the investors would "unravel" the third amendment of the mortgage loan companies' funding agreement with the Treasury, in which any positive net worth is pa...

Published:  Thu, 15 Nov 2018 15:01:00 GMT



Common Debt Consolidation Terms

We've previously provided concise definitions for various terms related to debt resolution. We also discussed the basic purpose and mechanics of debt consolidation in the earlier post. In this post we ...

Published:  Thu, 18 Oct 2018 08:00:00 GMT




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