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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.


How state tax cuts in Kansas raised municipalities' borrowing costs

New research reveals that big tax cuts can sometimes be worse for the fiscal health of states and localities than previously estimated. This is the finding of a new paper entitled "State Tax Cuts and ...

Published:  Mon, 16 Jul 2018 06:12:00 GMT

Higgins: Kansas' exorbitant sales taxes must go

In the U.S., we have overwhelmingly adopted the notion that taxes ought to be progressive. A progressive taxation system levies low taxes on those who earn the least and imposes higher tax rates on th...

Published:  Fri, 13 Jul 2018 19:19:00 GMT

GOP candidates for governor talk education spending, taxes, marijuana in televised forum

TOPEKA - The five major Republican candidates for governor of Kansas shared their views on issues ranging from education funding and tax cuts to the legalization of marijuana during a televised forum ...

Published:  Tue, 10 Jul 2018 19:49:00 GMT

Budget analysis: Sin taxes not revenue bonanza many state politicians betting on

The proposal by then-Gov. Sam Brownback to confront Kansas' cash shortfall by raising sin taxes by $375 million was highlighted in a national study of pitfalls and advantages of politicians leaning on ...

Published:  Sat, 21 Jul 2018 19:27:00 GMT

Despite Fears of Becoming Kansas, Missouri Cuts Taxes

Missouri Gov. Mike Parson on Thursday signed a bill that he says will provide both immediate and long-term tax cuts for Missourians. The measure, House Bill 2540, passed 101-40 in the House and 24-9 i...

Published:  Mon, 16 Jul 2018 05:29:00 GMT

Louisiana sales tax holidays shelved in legislative tax deal

The tax deal struck by lawmakers and Gov. John Bel Edwards to balance this year's budget will end Louisiana's state sales tax holidays for seven years. When lawmakers renewed 0.45 percent of an expiri...

Published:  Sun, 22 Jul 2018 13:12:00 GMT

Kobach wants to cut spending, taxes

Kobach has also served as an Overland Park city councilman and as chairman of the Kansas Republican Party. In 2012, Gov. Sam Brownback signed into law income tax cuts approved by the Kansas Legislatur...

Published:  Thu, 19 Jul 2018 19:31:00 GMT

Citizens Bank & Trust's new trust officer is a tax law expert

Paredes earned a law degree from the University of Kansas and a master's degree in tax law from the University of Missouri-Kansas City. He is a member of The Missouri Bar, the Kansas City Estate Plann...

Published:  Thu, 19 Jul 2018 10:11:00 GMT

Remarks by Vice President Pence at "Tax Cuts to Put America First" Event | Kansas City, MO

THE VICE PRESIDENT: Well, hello, Missouri! And from the other side of the state line, hello, Kansas! (Applause.) It is great to be back in Kansas City with men and women who elected a Congress and a P...

Published:  Wed, 11 Jul 2018 13:30:00 GMT

San Francisco to consider tax on companies to help homeless

San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services, an issue that set off a battle in another West Coast city struggling with income ...

Published:  Mon, 16 Jul 2018 18:47:00 GMT

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