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Debt Consolidation in Vermont

As one of the smaller states in the United States, Vermont has the 2nd smallest population compared with all of the other states in the country. Because of the small population, it might be easy to assume that Vermont doesn't have as many difficulties with personal debt. But, the truth is that there are many Vermont residents looking for a solution to overcome their personal debt struggles, and they often turn to debt consolidation as a solution to help them dig out of the hole of financial bondage.

Vermont is the leading provider of maple syrup, which is a big part of the industry in the state. Even though the demand for maple syrup stays high, there are some employees who have found themselves in personal debt because they spent more money than what they earned.

The economy in Vermont has actually been stagnant in recent years, and the Bureau of Economic Analysis reported that the gross state product of Vermont is the lowest in the country. Because of the low revenues, it is harder for people to find a job that pays enough to cover their living expenses.

People who are living paycheck to paycheck can have a hard time dealing with unexpected financial burdens such as medical expenses, unemployment, or even the regular financial burdens of raising a family and maintaining a home.

If you live in Vermont and you have found yourself in the position where you are having a hard time getting out of debt, then you might consider debt consolidation. This process involves consolidating all of your loans into one easy monthly payment, so that you can afford the required payments and you don't have to worry about dealing with multiple creditors every month.

Taking control of your financial future is a great way to relieve the burden that you are experiencing each month, and many people find that their stress is greatly reduced when they decide to consolidate their loans.

 

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Debt Consolidation In The News

New York lawsuit targets student loan debt relief fraud

NEW YORK (Reuters) - New York's attorney general on Thursday sued 10 companies and two executives over their alleged roles in a scam to induce thousands of struggling borrowers into buying student loa...

Published:  Thu, 20 Sep 2018 12:20:00 GMT



The 5 Best Ways To Consolidate Debt

For many of us, debt is just a common part of our day-to-day lives. However, not all debt is created equal! Before we begin looking at consolidating debt we must first answer the question of ...

Published:  Thu, 20 Sep 2018 21:27:00 GMT



NY AG Sues Student Debt Relief Cos. For Predatory Practices

Law360 (September 20, 2018, 10:55 PM EDT) -- New York's attorney general on Thursday accused a constellation of student debt relief companies of lying to struggling borrowers to extract illegal upfron...

Published:  Thu, 20 Sep 2018 20:01:00 GMT



Journal Times editorial: Student loan debt relief should be a priority in Madison

Wisconsin's four-year college graduates have the eighth-highest average student loan debt in the nation, with an average student loan debt of $28,810 and 70 percent of Wisconsin students ...

Published:  Thu, 20 Sep 2018 17:30:00 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:  Fri, 07 Sep 2018 21:44:00 GMT




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