TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Go To Reviews >

Debt Consolidation in New Jersey

New Jersey residents rank in the lower half of the nation when it comes to states with the highest credit card balances. The average credit holder in New Jersey carries a balance of $5,153.19, putting the state in 30th place.

New Jersey fares similarly with respect to personal bankruptcy. The state ranks 33rd out of 50 states, with just under 20,000 residents filing for bankruptcy in a typical year, at a rate of 2.2 people out of every 1,000 in the state's population. Many individuals choose to use debt consolidation as a means of avoiding the need to file for bankruptcy.

However, New Jersey's position begins to fall as one considers its rankings with respect to student debt. 70% of the state's college graduates have loan debt upon completing their studies and do so with an average balance of $28,109, putting New Jersey in 4th and 18th place respectively.

Foreclosure rates in New Jersey are also high in comparison with the rest of the United States. On average, one in every 773 homes is in a state of foreclosure. Atlantic County tends to have foreclosure rates of more than double the state average, with almost 1 in every 338 homes experiencing foreclosure. This likely correlates with the high median sales price of $272,000 for a single-family home in in New Jersey, one of the highest amounts in America. Debt consolidation can help homeowners manage their financial challenges in such a way as to prevent falling into foreclosure.

New Jersey residents are protected by a number of state laws when it comes to debt and collections. For example, hospitals are limited in the amount they are allowed to charge uninsured patients. The state also operates a subsidy fund for health care that reimburses hospital for charity care provided to residents who do not have health insurance.

 

Go To Reviews >


Debt Consolidation In The News

Business Debt: When Debt Consolidation and Debt Relief Make Sense

Small businesses take on a lot of debt, and it's not uncommon for this debt to lead to business failure. Every business takes on debt at some point, and even the world's largest entities, such as Amaz...

Published:  Thu, 06 Sep 2018 02:38:00 GMT



Feds No Help to Student Debt

While the income-driven payment plan allows immediate financial relief by reducing current loan payments it doesn't forgive any of the total amount the borrowers owe or - and that is the ...

Published:  Tue, 18 Sep 2018 21:05:00 GMT



Under DeVos, full loan relief rare for for-profit students

The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminary Education Depart...

Published:  Fri, 07 Sep 2018 16:04:00 GMT



Reviews on Debt Relief programs from DebtReviews.com

America's leading online debt reviews provider, DebtReviews.com, helps students, companies, and individuals choose the most suitable debt relief company with 100% unbiased and free reviews DebtReviews ...

Published:  Thu, 06 Sep 2018 22:35:00 GMT



Zimbabwe's Options for Sovereign Debt Relief

A critical first step towards the promised economic awakening of Zimbabwe will be comprehensive debt relief. President Mnangagwa and his new government will need urgently to complete the technical ana...

Published:  Fri, 31 Aug 2018 23:30:00 GMT



Betsy DeVos proposes rules that would cut student loan relief by an estimated $13 billion

Students who are defrauded by their schools would have a harder time getting their federal loans erased under new rules proposed by the Trump administration Wednesday. The proposal, which aims to repl...

Published:  Wed, 25 Jul 2018 13:44:00 GMT



Full loan relief rare for students at for-profit colleges

WASHINGTON (AP) - The Trump administration is granting only partial loan forgiveness to the vast majority of students approved for help because of fraud by for-profit colleges, according to preliminar...

Published:  Sat, 08 Sep 2018 13:10:00 GMT



New Service Offers Debt Relief to Reduce Financial Strain

Consumer debt in the United States continues to skyrocket for many families. The financial crisis in 2009 has left many Americans with the burden of high-interest debt. If you're one of the hundreds o...

Published:  Sat, 11 Aug 2018 12:29:00 GMT




- View Full Site -