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Debt Consolidation in Iowa

Iowa MapIn the state of Iowa, 4.1% of residents have past due debt; 26.3% of that debt is currently in collections with an average balance of $4,810. In contrast, the overall cost of debt in Iowa is the lowest of all 50 states, with an average cost of $129,394 over a consumerís lifetime. This is largely due to the fact that Iowans also tend to have the lowest overall new mortgage amount ($120, 467), mortgage interest rates that usually fall below the national average, and they maintain an average credit score of 689 statewide.

Iowa is in fourteenth place with respect to states with the highest credit card debt, with the average resident maintaining a credit card balance of $7048.77. On the other hand, Iowa ranks ninth highest overall when it comes to college students graduating with debt, with 69% of students carrying an average of $29,370 in remaining student loans on the day they receive their diplomas.

Bankruptcy filings in Iowa tend to be on the lower end of the nationwide scale, with approximately 2.17 individuals per 1,000 filing for bankruptcy in an average year.

Residents of Iowa who are considering bankruptcy should know that there are a number of assets that are exempted from collection such as equity in the home and public assistance benefits, and that debt consolidation might be a better option.

In Iowa, debt collectors are only required to be licensed if they bring in more than $25,000. Iowa Attorney General Tom Miller is further pushing for regulations on bank practices with respect to the processes by which faulty claims were issued against state residents.

The Secretary of Stateís office maintains a list of registered debt consolidation agencies in Iowa, and state law allows consumers to cancel a signed contract within the first three days, without penalty.


OTHER VOICES: Tax reform is making a difference in Iowa, across U.S.

Government should work for the people it serves, not the other way around. Since its passage, the Tax Cuts and Jobs Act has proven it's working for the people of Iowa and the entire country.

Published:  Fri, 21 Sep 2018 22:00:00 GMT

Hubbell got tax credits on homes in Iowa, Arizona at same time, records show

Tax records in Arizona show that Democratic gubernatorial candidate Fred Hubbell received a homeowner tax credit there at the same time he claimed a homestead tax exemption in Iowa. The Arizona tax be...

Published:  Fri, 14 Sep 2018 17:27:00 GMT

Candidates for governor spar over making tax returns public

After surviving that campaign, Pritzker is facing off in the general election against a candidate with almost as much money - the incumbent governor, Republican Bruce Rauner - who also has not release...

Published:  Thu, 20 Sep 2018 08:35:00 GMT

Releasing tax returns an issue again - in governor's races

After surviving that campaign, Pritzker is facing off in the general election against a candidate with almost as much money - the incumbent governor, Republican Bruce Rauner, who also has not released ...

Published:  Thu, 20 Sep 2018 06:13:00 GMT

Even for Californians, federal taxes are going down

Brown should acknowledge that California's high taxes are detrimental to the economy and encourage the Legislature to follow the example of Georgia, Idaho, Iowa, Missouri, and Utah, and lower state ta...

Published:  Fri, 21 Sep 2018 19:00:00 GMT

Cerro Gordo County Treasurer sues Southbridge Mall owner for unpaid taxes (will be updated)

... of building and improvements only are not allowed to be sold at the annual tax sale under Iowa law. "My office has worked diligently over the past 18 months to collect the real estate taxes ...

Published:  Fri, 21 Sep 2018 13:08:00 GMT

Hubbell got property tax credit on homes in Iowa and Arizona at same time

The Cedar Rapids Gazette reports tax records in Arizona show Democratic candidate for governor Fred Hubbell was fined six-hundred dollars after his home in Scottsdale was improperly classified as his ...

Published:  Sun, 16 Sep 2018 16:13:00 GMT

Trump seized on Iowa student's slaying to push immigration agenda, but will it help the GOP this fall

Iowa, the discovery of her body and the arrest of 24-year-old Cristhian Bahena Rivera came at almost the same time as the conviction of President Trump's former campaign chairman Paul Manafort on eigh...

Published:  Tue, 18 Sep 2018 12:55:00 GMT

Philadelphia Soda Tax Cut Sugar Intake by African-American Youth

Philadelphia's "soda tax" on all sweetened beverages -- with or without sugar ... The study by Mathematica Policy Research of Princeton, New Jersey, the University of Iowa and Cornell University colle...

Published:  Fri, 21 Sep 2018 09:15:00 GMT

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