TopConsumerReviews.com United States Map
      November 16, 2018

Home  >  Debt Consolidation  >  Shop By State  >  Indiana

Your Information Is Secure
60+ Ways to Save Money Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Flower Delivery

Guitar Lessons

Hair Loss

Lice

Menopause Relief

Online Stock Brokers

Watches

 

Disclosure: We pay our reviewers for their reviews. We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.

Debt Consolidation in Indiana

Indiana MapAccording to an article in the Deseret News, Indiana ranked 21st in a list of the twenty-five states with the lowest levels of consumer debt. However, other figures have shown that the average Hoosier household maintains a credit card debt of $9,304.42, putting the state fourth highest in the nation.

Student loan debt is another significant portion of the overall picture in Indiana. Statewide, 62% of graduates wind up owing money on loans. On average, this debt works out to be more than $28,000 per student.

In the past five years, some portions of Indiana have seen a decline in overall business bankruptcy filings; while on the other hand, the number of individuals filing for bankruptcy protection, such as through debt consolidation, was still noteworthy at 4.38 per 1,000 residents. Indiana has been higher than the national average for the past five years, sometimes by more than two percentage points.

Indiana residents benefit from the federal Fair Debt Collections Practices Act, which seeks to protect consumers from dishonest or unfair actions on the part of collection agencies.

State law allows debt collectors to file claims by mail, and also to pursue many assets that are not allowed in other states: cars, real estate, and pension payments, to name a few. Collection agencies are also able to choose the court in which their cases will be heard, and they often select the venue where they feel most likely to recover the largest possible amount of money. Because Indiana's laws tend to favor debt collectors, consumer debt in the state sells at a higher rate than in others, averaging seven cents on the dollar.

The Indiana Department of Financial Institutions recommends that consumers choose wisely when considering debt consolidation as an approach to managing their financial issues, as there are a wide range of providers and services available.

 

Coalition seeking $2 per pack cigarette tax hike to reduce Indiana smoking rates

INDIANAPOLIS - A statewide coalition of 139 health, business, youth and community groups is asking the General Assembly to hike Indiana's cigarette tax by $2 per pack. Raise It For Health contends tha...

Published:  Thu, 15 Nov 2018 12:00:00 GMT



Health Coalition Plans Another Push To Raise Indiana Cigarette Tax

A coalition determined to get Indiana's cigarette tax increased by $2 a pack will make another push in 2019. The Raise It For Health Coalition is made up of dozens of organizations, including ...

Published:  Thu, 15 Nov 2018 10:45:00 GMT



Chamber, health groups seek increase in cigarette tax

On Thursday, Siddiq joined in the latest wave urging the Indiana General Assembly to increase cigarette taxes by $2 a pack and raise the legal age to purchase tobacco from 18 to 21. The effort to redu...

Published:  Thu, 15 Nov 2018 10:30:00 GMT



Health coalition again urges state to increase cigarette tax

That is why the Raise It for Health Coalition rallied at the Statehouse and 14 other events across the state Thursday to launch a campaign to improve Indiana's workforce and Hoosiers' health by increa...

Published:  Thu, 15 Nov 2018 21:00:00 GMT



Preliminary budget calls for tax increase

Indiana Borough tentatively will have a 0.4-mill real estate tax increase in 2019. On Tuesday borough council voted 9-1 to authorize Manager C. Michael Foote to advertise that a proposed $6,561,760 sp...

Published:  Wed, 07 Nov 2018 05:57:00 GMT



Indiana anti-fraud efforts curb improper payments involving taxes

INDIANAPOLIS (AP) - The Indiana Department of Revenue says identity theft prevention and refund fraud detection programs helped halt more than $9.7 million in improper payments during the 2018 budget ...

Published:  Mon, 05 Nov 2018 09:55:00 GMT



Voters Support 2 Tax Hikes to Boost Indianapolis Schools

INDIANAPOLIS (AP) - Voters have supported two new tax increases to boost Indiana's largest school district. Measures on the ballot Tuesday included $220 million in additional tax dollars to help pay f...

Published:  Wed, 07 Nov 2018 03:29:00 GMT



Indiana Tax Revenues Slip In October

Indiana's tax collections came in below target last month, dipping after a strong September. Yet the state is still on track for the overall fiscal year. Indiana tax revenues came in $51 million ...

Published:  Fri, 09 Nov 2018 12:54:00 GMT



McSally wields real ax on stage in Arizona - to cut taxes, not her opponent

"I like this," McSally said of her "tax ax." "Remember, I'm a warrior ... while President Donald Trump had two rallies. Obama pleaded with Indiana voters to get out the vote for vulnerable Democratic ...

Published:  Sun, 04 Nov 2018 16:53:00 GMT



Preliminary spending plan keeps tax rate unchanged

CLYMER - A tentative budget and tax plan for 2019 cleared the Clymer Borough council ... "The data shows there's a high incidence in Indiana County of drug addiction and high suicide rates. Because of ...

Published:  Wed, 14 Nov 2018 05:40:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure