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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.

 

Married lesbian couple turned away by Indiana tax preparer

Bailey and Samantha Brazzel were married last July, and the Indiana couple planned to file their taxes jointly last week for the first time. But their visit to the tax preparer did not go as planned. ...

Published:  Tue, 19 Feb 2019 09:07:00 GMT



Indiana bill would tax growing short-term rental industry

The state of Indiana, along with 70 counties that have innkeeper's taxes, including St. Joseph, could soon demand a slice of the growing sharing economy. The Indiana Senate Monday passed a bill that w...

Published:  Wed, 20 Feb 2019 03:13:00 GMT



Christian accountant refuses to prepare lesbian couple's taxes on religious grounds

The Post was unable to reach Fivecoate for comment, and the number for Carter Tax Service appeared to have been disconnected. Fivecoate was legally within her right to deny service to the couple, said ...

Published:  Wed, 20 Feb 2019 16:57:00 GMT



An Indiana tax service turned away a gay couple. Both sides claim discrimination.

An Indiana tax service turned away a gay couple. Both sides claim discrimination. This is the latest skirmish in a culture war ignited by debate over the Religious Freedom Restoration Act. Check out t...

Published:  Mon, 18 Feb 2019 06:58:00 GMT



An Indiana tax service turned away a same-sex couple because their marriage goes against her religious beliefs

When Samantha and Bailey Brazzel set out to file their taxes last week, they anticipated it would be business as usual. The women set out to Carter Tax Services, but when they tried to file their taxe...

Published:  Tue, 19 Feb 2019 14:19:00 GMT



Married Same-Sex Couple Claims they Were Turned Away by Indiana Tax Preparer Citing Religious Beliefs

A same-sex couple says they faced discrimination after they were turned away from a tax filing service in Indianapolis. Bailey Brazzel and her wife, Samantha, told the Indianapolis Star they were tryi...

Published:  Tue, 19 Feb 2019 12:59:00 GMT



Group lobbies at Indiana Statehouse for $2 cigarette tax

INDIANAPOLIS (WISH) - The cost of cigarettes in Indiana could be on the rise. A local group is encouraging lawmakers to increase the tax by $2 per pack. The current tax is $1 per pack. Indiana has bee...

Published:  Tue, 19 Feb 2019 17:30:00 GMT



Tax Business Refuses To Prepare Joint Return For Gay Couple On Religious Grounds

RUSSIAVILLE, Ind. (CBS Local) - A married couple in Indiana says a local tax filing service refused to prepare their returns because they're a same-sex couple. Bailey and Samantha Brazzel said ...

Published:  Wed, 20 Feb 2019 12:24:00 GMT



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