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Debt Consolidation in Kansas

Kansas MapResidents of the state of Kansas have one of the lowest averages for consumer debt among all fifty states. A typical total average of debt for a Kansan is $16,127, which is approximately $3000 less than the national average.

In one of the three traditional areas of consumer debt, student loans, that comprise that average, Kansas ranks 27th with respect to graduates with debt. 65% of Kansas college graduates do wind up with debt upon graduation, with an average figure of $26,229. Although that is less than more than half of the other states in America, some students consider using debt consolidation to manage their financial responsibilities after they graduate.

In the second of the three areas of personal debt, mortgages, Kansans enjoy one of the lowest median single-family house prices in the country: $129,900. This also means that the average first-time mortgage price is lower, but unfortunately many Kansas residents still find themselves facing foreclosure. For example, in the Kansas City area, as many as 1 in every 678 homes is in a state of active foreclosure.

In the third category of consumer debt, credit cards, Kansas actually comes in 9th overall for states with the highest debt, with a statewide average of $7,916.74.

Overall personal bankruptcy filings in Kansas are on the decline, with 8,414 cases filed in an average year. That decrease could be due in part to residents? seeking the help of debt consolidation providers rather than filing for bankruptcy.

A number of state laws protect Kansans who are struggling with debt collectors, such as prohibiting ?extortionate? credit extensions that imply harm to an individual or his property if there is a delay in any repayments. Kansas residents are also covered by the federal Fair Debt Collection Practices Act.


Kansas City can't afford to dole out tax breaks for Three Light luxury apartments

With many reservations and a few conditions, an advisory panel has recommended doling out yet more tax incentives for developers of another high-rise luxury apartment building in downtown Kansas City. Now, in theory, it's up to the Kansas City Council to ...

Published:  Thu, 24 May 2018 13:14:00 GMT

Harley-Davidson took its tax cut, closed a factory, and rewarded shareholders

Just over a month after Trump signed the tax cuts into law, the Kansas City closure was announced. Workers found out when they arrived at the plant that morning: They were kept in the hallway, informed that the factory would be shut, and sent home for the ...

Published:  Tue, 22 May 2018 06:30:00 GMT

Is Every Tax Cut Kansas

In the last decade, many states have found opportunities to advance comprehensive tax reform, the kind of changes that broaden tax bases, lower tax rates, and improve economic outcomes. While any tax reform proposal should be judged on the merits of its ...

Published:  Wed, 16 May 2018 13:29:00 GMT

Advisory board recommends tax incentives for Three Light

some residents say the focus should be on affordable housing throughout Kansas City instead. Wednesday morning, several neighbors spoke out against tax incentives for the Three Light building before the Chapter 353 Program, an advisory board. Construction ...

Published:  Wed, 23 May 2018 16:45:00 GMT

Kansas gives away tax dollars so corporation can lay off employees, then hire again.

Some plans are so ridiculous only a Republican lead government could come up with them. In an effort to hold onto Cargill headquarters in Wichita, Kansas, the state of Kansas crafted a deal in which the company would receive $500,000 while they laid off ...

Published:  Wed, 16 May 2018 09:57:00 GMT

Kansas Passes State Fair Sales Tax Law

TOPEKA, Kan. (AP) - Kansas has passed a law that directs sales tax collected at the State Fair to go toward capital improvements. The Hutchinson News reports that Gov. Jeff Colyer signed the Senate bill into law Wednesday. Fiscal 2017 figures show ...

Published:  Fri, 18 May 2018 12:19:00 GMT

Kobach: 'Purple, pot-smoking Colorado' better than Kansas for business

Speaking in Wichita, Kansas Secretary of State and gubernatorial candidate Kris Kobach said Friday the state has a spending problem and needs to slash taxes. "We need tax relief and we need it right now for the people of Kansas," Kobach said during a ...

Published:  Tue, 15 May 2018 03:55:00 GMT

Missouri General Assembly votes to cut individual taxes, sends bill to Greitens

Critics have repeatedly compared various income tax cuts supported by Missouri Republicans to an income tax cut abandoned last year by the Kansas Legislature. Haahr pushed back against that comparison on the House floor and called the comparison "played ou ...

Published:  Thu, 17 May 2018 19:32:00 GMT

City officials ponder sales tax for street work

will hear public comments at a town hall meeting being held Tuesday to share information and seek input regarding that tax. The gathering will be from 5:30 to 7:30 p.m. at the Law Enforcement Center, 320 S. Kansas Ave. Deputy Mayor and Councilman Brendan ...

Published:  Sun, 20 May 2018 15:00:00 GMT

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