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Debt Consolidation in Hawaii

Hawaii MapHawaii, or the “Aloha State” provides a full-time home for well over a 1,000,000 residents. While the income of those citizens is approximately 22% greater than the national average, the cost of living and average amount of debt per household is much higher.

The recent downturn in the U.S. economy had a significant impact on Hawaii residents and their jobs. With the majority of Hawaii’s employment in the hospitality and tourism fields, the financial hit resulted in many lost jobs and careers for residents. Several debt consolidation companies work with Hawaii residents to help them improve their financial outlook.

During the recession, many residents relied on credit cards and loans to make ends meet. However, in recent times several Hawaiian Islands are now seeing an increase in tourism and money back in the pockets of businesses and their employees. The result is that many people are now working again but are left with debt that they can’t pay off. The idea of planning for the future is bleak for those that are only able to make the minimum payments each month.

Hawaii follows the federal laws dealing with collection agencies that are known as the Fair Debt Collection Practices Act. A number of debt consolidation companies exist today that are familiar with those practices and how they apply to Hawaii residents that are looking to improve their financial future. Debt consolidation is one option to minimize credit card balances and lower monthly obligations.

 

New Jersey could tax tap water under Democratic lawmaker's plan

told Fox News that 13 states already tax residential water utilities through general sales tax: Arizona, Arkansas, Hawaii, Indiana, Kansas, Kentucky, Maine, Missouri, Nebraska, New Mexico, North Dakot...

Published:  Fri, 20 Jul 2018 12:57:00 GMT



Will Your HELOC Be Tax-Deductible

Homeowners may see less of a tax break this year, thanks to the Tax Cuts and Jobs Act (TCJA). Beginning with homes purchased after December 16, 2017, you can only deduct the interest incurred on $750, ...

Published:  Sat, 21 Jul 2018 01:28:00 GMT



Hawaii offers a cautionary tale of socialist future for the U.S.

In Honolulu, the average home price is $1.2 million. According to CNBC, Hawaii has the second-highest tax burden in the country, just behind New York. The total burden is 11.57 percent, including a 2. ...

Published:  Fri, 20 Jul 2018 04:47:00 GMT



Hawaii withdraws plan for retroactive tax collection

WASHINGTON - Hawaii has backed down from its plan to ask out-of-state retailers to reimburse the state for its general excise tax on online transactions retroactively from Jan. 1 of this year. Hawaii' ...

Published:  Fri, 13 Jul 2018 10:43:00 GMT



Hawaii governor to veto expansion of state's hotel tax

Hawaii Gov. David Ige plans to veto legislation that would expand the state's hotel tax. Ige said Tuesday he would reject the bill, which would have applied the Transient Accommodations Tax on resort ...

Published:  Wed, 11 Jul 2018 10:28:00 GMT



Retail Merchants of Hawaii seeks nominations, Tax Foundation of Hawaii seeks boat-rockers

Retail Merchants of Hawaii is putting out the word that it is seeking nominations for its 2018 Hookela Awards. Noteworthy: There are five new categories this year geared toward celebrating the people ...

Published:  Fri, 13 Jul 2018 02:00:00 GMT



Exemption from general excise tax erodes tax base

A report of the administering agency, the Hawaii Housing Finance and Development Corp., states ... The bill also extends the general excise tax exemption for affordable housing projects from 2022 to 2...

Published:  Thu, 19 Jul 2018 10:47:00 GMT



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