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Debt Consolidation in Utah

In a recent report from the U.S Census Bureau, it was suggested that Utah has the second fastest growing population out of all of the states in America and a flourishing economy to match. Unfortunately, this increase in population and economy doesn't mean that the residents of Utah are free from personal debt, and in fact levels of consumer debt remain as prevalent today as ever. The recession is largely to blame with the sudden and unexpected financial crisis having an ongoing and long-term affect on the majority of typical Utah households.

Statistics provided by USA Today suggest that the average personal debt in Utah is actually higher than the national average at $62,969. This is nearly $10,000 above the American norm, but the significant difference is balanced out somewhat by higher than standard household incomes. A large percentage of this figure is likely to be the mortgage and according to the same source, the median price of a home in Utah is $202, 616. Naturally, a mortgage isn't the only way in which residents of Utah borrow money and credit card debt, student loans and auto loans also play a significant part. Combining all borrowed money through debt consolidation has been a popular method of regaining control over monthly repayments since the recession and continues to be widely beneficial today.

The economy of Utah is fairly diverse with a number of varying industries contributing to the GSP and wealth of the state. Tourism is a huge industry in Utah and is particularly popular for its recreational outdoor activities. The state is home to five impressive national parks and seven national monuments, all of which have a great deal to offer tourists and local residents alike. Outdoor sports and activities are abundant throughout the year with winter sports including skiing and snowboarding and summer sports such as camping, hiking and mountain biking. Mining and farming also play essential roles in the regions economy with the bulk of agricultural income coming from livestock.

 

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Debt Consolidation In The News

One loan vs many: Is debt consolidation the answer

PETALING JAYA: For those who are left with only meagre funds in their bank accounts after paying their personal loans every month, debt consolidation can sound like a very attractive prospect. Debt co...

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



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

ATHENS, Greece (AP) - Greece has significantly improved its economy as it heads toward the end of its bailout program in August, but its debt will remain difficult to manage in the long term, the Inte...

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



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. Baltimore, MD - ...

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




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