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 Oregon

With its diverse landscape featuring beaches, waterfalls, lakes, mountains and forests, Oregon is a truly beautiful place for long-term residents and holidaymakers alike. Tourism however is only a small part of the states economy, which also consists of agriculture, technology, forestry and fisheries. By GDP (gross domestic product) Oregon is ranked the 26th wealthiest state in the nation. It was also recently ranked as the Americas 'Top Moving Destination', as studies revealed that twice as many families or households were opting to move into Oregon compared to those who were moving out. The population continues to increase and with it the standard of life improves while the economy grows.

Although the average personal income is over $44,000, Oregon boasts a fairly high unemployment rate of 6.7%. Despite having an economy based upon a wide range of areas, the state wasn't immune to the affects of the recent financial crisis. In fact many individuals, not to mention local businesses, struggled to stay afloat. The dot-com bust also had large affect on the regions previously flourishing technology sector with many businesses forced into bankruptcy and nearly all having to make employee cut backs. It goes without saying that paying off existing debt is made significantly harder when income is decreased or lost completely. Debt consolidation allowed some people to reduce their monthly payments and get back on top of their debts and expenditures.

Oregon, just like the rest of the United States, has high amounts of personal debt. Households owe money in a number of different areas including credit cards and student loans. In fact the average amount of student debt owed by individuals in Oregon is a massive $24,000 with some graduates owing as much as $50,000 and even $100,000. These figures were featured in the Federal Reserve Bank of New York's Household Debt and Credit Report, which also revealed that of all of the credit history bearing residents of Oregon, 17.1% had some form of student loan contributing to their overall personal debt.

As if that wasn't enough stress to take on, most Oregon households are not dealing purely or even primarily with student debt but also have the mortgage, credit card bills and auto loans to pay in full and on time each and every month in order to prevent their credit history from being negatively affected. Through debt consolidation, however it is possible to combine all debts into one easily manageable solution. Through reducing payments in this way and with the improving economy, it is likely that Oregon residents will successfully fight their way out of their personal debt.

 

Go To Reviews >


Debt Consolidation In The News

Where the 2020 candidates stand on student debt and college affordability

said in a CNN town hall that she doesn't support free college.) Borrowers can also likely expect some dramatic proposals for student debt relief, Huelsman said. In the past, presidential candidates ha...

Published:  Wed, 20 Feb 2019 09:53:00 GMT



Personal loans surge to a record $138 billion in US as fintechs lead new lending charge

The consumer loans fell into three main categories: Debt consolidation, home improvement financing, and retail thanks to a surge in e-commerce and online shopping, Laky said. An unsecured personal loa...

Published:  Thu, 21 Feb 2019 04:56:00 GMT



Student debt relief is union work

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



New Bill Could Bring Student Loan Relief

WASHINGTON, D.C - Lawmakers are introducing a bill to bring some relief to people with student loans. U.S. student loan debt totals $1.5 trillion nationally -- second only to outstanding home mortgage ...

Published:  Tue, 19 Feb 2019 05:41:00 GMT



MIDEAST DEBT-Bahrain's Mumtalakat squeezes yields as government debt outperforms

Mumtalakat's paper was priced only marginally below the Bahraini sovereign debt curve, but the newly issued sukuk ... support package will be tied to progress on Bahrain's fiscal consolidation plans.

Published:  Thu, 21 Feb 2019 03:06:00 GMT



How to tell your S.O. you have debt-and navigate other tricky money chats

"Otherwise, it becomes this big secret." Plus, disclosing debt to a partner typically comes with a sense of relief. McLay says partners tend to be supportive of the information, and often even feel ha...

Published:  Thu, 21 Feb 2019 05:12:00 GMT



Tips To Strengthen Finances Before Another Recession Shared By National Debt Relief

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



5 signs you need help with your debt

Hoyes said in his practice, borrowers who successfully proceed with a consumer proposal typically see the amount they owe reduced to one-third of the original debt. Like a DMP, a consumer proposal wil...

Published:  Thu, 21 Feb 2019 03:47:00 GMT




- View Full Site -