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North Dakota typically ranks well across many dimensions of consumer debt. For example, when considering home foreclosures, North Dakota has one of the lowest overall rates in the country, with a miniscule one in every 108,237 homes in foreclosure. Even in Stutsman County, the region with the highest rate of foreclosure, there is only one home out of every 9936 in a state of foreclosure. These low foreclosure rates are in spite of the state having a median sales price of $172,525, higher than the national average.
In North Dakota, the average credit card balance held by an individual is $4,188.69, which puts the state in 41st place. Similarly, when looking at lowest rates of personal debt in America, North Dakota is 23rd; only 5% of credit holders have past due debt. Of those credit holders, 19.2% have debt in collections, with an average amount of $5,265. Debt consolidation is one way that residents manage those debts in collections before financial challenges move beyond their control.
North Dakota tends to have the lowest rate of auto loan delinquency in the nation, with only 0.56% of all auto loan payments being paid late. Using Debt Consolidation to reduce the number of lenders, including auto lenders is one way to manage monthly payments.
Individual bankruptcy rates are also low in North Dakota. In a typical year, less than 1,600 residents file for bankruptcy at a rate of 2.47 people filing out of every 1000 members of the state population. Debt consolidation agencies help individuals avoid filing for bankruptcy, possibly helping the state achieve its 46th place ranking with low bankruptcy filing rates.
Student loan debt in North Dakota can vary widely depending on the institution of higher learning. For instance, the proportion of students graduating with debt from Dickinson State University is 65%, but that jumps to 91% at Mayville State.
Debt Consolidation In The News
BRUSSELS (Reuters) - Euro zone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc's finance ministers said on Monday, steps that should help underpin its economic recovery.
Published: Mon, 12 Mar 2018 13:40:00 GMT
The code has been copied to your clipboard. The URL has been copied to your clipboard A group of past students at the former Corinthian Colleges are taking legal action against the United States Department of Education. In early March, the former students ...
Published: Sun, 25 Mar 2018 03:02:00 GMT
As Economy Picks Up Speed, Americans Pick Up Pace of Unloading Personal Debt LOS ANGELES, CA, March 05, 2018 /24-7PressRelease/ -- Debt consolidation and credit card debt relief programs have become increasingly sought after and used by more Americans as ...
Published: Mon, 05 Mar 2018 00:07:00 GMT
Legislators turn their attention to problems facing student borrowers, backing bills that would keep them from being overwhelmed by loan repayments New Jersey lawmakers, who were disturbed in the last legislative session by the practices of the agency that ...
Published: Thu, 12 Apr 2018 05:00:00 GMT
The joint IMF-World Bank comprehensive approach to debt reduction is designed to ensure that no poor country faces a debt burden it cannot manage. To date, debt reduction packages under the HIPC Initiative have been approved for 36 countries, 30 of them ...
Published: Wed, 07 Mar 2018 16:00:00 GMT
The federal government and 11 states have joined together to accuse 30 purported debt relief operations of using deception and false promises to swindle more than $95 million from student loan borrowers. "Operation Game of Loans" - the eyeroll-worthy ...
Published: Fri, 13 Oct 2017 10:44:00 GMT
GCredit card consolidation refers to merging all your existing debt into one loan, which is different than restructuring your debt, which refers to renegotiating the terms or amounts of your debt. Using credit card debt consolidation as a debt management ...
Published: Sat, 30 Dec 2017 20:00:00 GMT
Don't hand over any money to a service that offers a faster way to pay off your student loans. There's a good chance it's a scam. More than 30 companies have been sued by the government over the past month for scamming student loan borrowers. Americans ...
Published: Fri, 13 Oct 2017 12:11:00 GMT
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