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      May 22, 2018

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Debt Consolidation in Arkansas

Arkansas MapMore than a third of Americans are in debt, according to statistics from the Urban Institute. Southern states are particularly high in their rates of delinquency, including Arkansas, where over 40 percent of the population is struggling to make payments on time each month. The most common debt for Arkansas consumers is mortgage debt, at 61.1 percent.

Consumers who are struggling to keep up with monthly payments have options. Credit counseling, debt consolidation and, as a last resort, bankruptcy, are among them. Bankruptcy should only be considered as a last resort because it will remain on a consumerís credit report for up to seven years and can affect credit rating.

While consumers are working out their options for debt repayment, they are protected by federal law from shady collection practices. Under the Fair Debt Collection Practices Act, debt collectors are required to treat consumers fairly and are prohibited from engaging in certain practices in an attempt to recover money owed to creditors. The law prevents credit collection agencies from harassing consumers by requiring them to call only during set hours of the day, and never are they permitted to contact a consumer at their place of employment. Consumers also have the right to put a request in writing for the collection agency to stop calling them about the debt, which the agency must honor.

While there are a number of consumer credit counseling agencies and debt consolidation companies in the nation, it is best to stick with a company that is familiar with the proper practices in Arkansas that will be the most familiar with debt consolidation in the state.


Reform taxes now

These states are lightening tax-code burdens, minimizing complexity for individuals and businesses, and becoming more competitive. As the Arkansas Tax Reform and Relief Legislative Task Force continues its important work, these states provide even more ...

Published:  Sun, 20 May 2018 23:06:00 GMT

Arkansas-side taxes due May 31

Arkansas personal property assessment deadline is May 31. "This will be the last day for taxpayers to assess all personal property without a 10 percent late assessment penalty," said Miller County Assessor Claudia Walker. Walker said taxpayers can call the ...

Published:  Thu, 17 May 2018 20:10:00 GMT

Billionaires like Warren Stephens stung that Trump tax cut was insufficiently generous to hedge funds

While the corporate tax rate was slashed from 35% to 21% ... Stephens' only engagement has been maxing out to a few congressional campaigns in Arkansas, his home state. This is like a Liam Neeson revenge movie, only with the slightly less exciting plot ...

Published:  Mon, 14 May 2018 09:27:00 GMT

Tax delinquent land sale set for Jefferson County

The public auction for the sale of tax delinquent land in Jefferson County will be held at 10 a.m. Wednesday, May 30, at the Pine Bluff Convention Center Banquet Hall 1. Registration will begin at 9:30 a.m., according to a news release from the Arkansas ...

Published:  Mon, 14 May 2018 15:10:00 GMT

Arkansas cities, others urged to file claims for back taxes from online travel companies

Online travel companies owe millions of dollars in Arkansas taxes that they collected over the past 23 years, said Thomas P. Thrash, a Little Rock attorney. Jefferson County Circuit Judge Robert H. Wyatt Jr. ruled Monday that and 11 other online ...

Published:  Wed, 16 May 2018 05:22:00 GMT

Arkansas governor: No grocery tax rise

Gov. Asa Hutchinson said Thursday that he doesn't support increasing the state's sales tax on groceries. The Republican governor made that clear in a two-page letter to the members of the Arkansas Tax Reform and Relief Legislative Task Force, which decided ...

Published:  Fri, 04 May 2018 01:17:00 GMT

Reforming Arkansas's Income Taxes

Today, I presented to Arkansas's Tax Reform and Relief Task Force on reforms to the state's individual and corporate income tax structure. Arkansas's individual tax code is unique. The state uses a progressive income tax structure, like most states ...

Published:  Thu, 26 Apr 2018 09:24:00 GMT

Arkansas governor says he's opposed to grocery tax hike

LITTLE ROCK, Ark. (AP) - Arkansas' governor said Thursday he's opposed to raising the state's sales tax on groceries, likely killing an idea that some lawmakers were considering as a possible way to make room for further income tax cuts. Republican Gov.

Published:  Thu, 03 May 2018 19:52:00 GMT

How a 100% tax on petrol is burning a hole in your pocket

While one can't deny the impact that external factors have had on fuel prices in the country, the taxes levied by the Centre and state governments have also contributed significantly to the overall retail fuel prices. Currently, petrol is taxed at a little ...

Published:  Mon, 21 May 2018 07:25:49 GMT

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