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      July 20, 2018

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Debt Consolidation in Louisiana

Louisiana MapWith respect to one aspect of personal debt, student loans, Louisiana ranks 47th overall. Less than half of all college graduates have debt upon receiving their diplomas, with the average amount of that debt at $23,358.

Louisiana tends to rank low on the list of bankruptcy filings as well, usually coming in 30th out of 50 states. In an average year, approximately 18,000 residents file for bankruptcy, with a per capita rate of 4.13 (out of every 1000 people statewide). Some individuals choose to pursue debt consolidation rather than filing for bankruptcy.

Mortgages are another component of personal debt, and Louisiana has a median home sale price of $149,000. Louisiana tends to have a foreclosure rate of slightly more than 1 in every 2000 housing units, although St. Charles Parish experiences nearly triple that rate with 1 in every 769 homes currently in foreclosure.

Medical debt can also factor into personal debt, and with nearly 20% of the state population having no medical insurance, it is likely that many people have significant healthcare bills to address.

Louisiana residents land almost in the middle of the rankings when it comes to credit card debt, with some figures indicating an average balance of $6,036.99, making the state the 22nd highest in the country.

However, over 40% of Louisiana credit files have their debt in collection, with amounts owed longer than 180 days, and are likely being contacted by collection agencies. The amount of that debt in collection ranges depending on the area. For instance, the average in New Orleans is $4251 in collection, and Baton Rouge?s is $4561. The statewide average tends to be approximately $4194 in collections. There are a number of debt consolidation agencies within Louisiana that seek to help residents to address these challenges before they become worse.


Cristiano Ronaldo move to Juventus influenced by Spain tax rate - La Liga chief

La Liga president Javier Tebas has said he believes Spain's high tax rate contributed to Cristiano Ronaldo's departure from Real Madrid and is preventing the league from growing. Ronaldo left Real Mad...

Published:  Thu, 19 Jul 2018 03:27:00 GMT

Red state charities could be collateral damage from the GOP's war on California's high taxes

The program is among more than 100 charitable tax-credit programs in dozens of states - including red ones such as Alabama, Georgia, South Carolina and Louisiana - that could be collateral damage in a ...

Published:  Tue, 17 Jul 2018 10:00:00 GMT

Louisiana doesn't have the highest sales tax rate in the country anymore

Louisiana doesn't have the highest average sales tax rate in the country anymore -- barely. Tennessee, with its 9.46 percent average rate, has beaten out Louisiana, with a 9.45 percentage average rate ...

Published:  Tue, 17 Jul 2018 12:36:00 GMT

Cutting costs is key to cutting taxes, Louisiana Sen. Milkovich says

Cutting costs is key to cutting taxes, Louisiana Sen. Milkovich says Louisiana State Sen. John Milkovich explains why he voted against the state's new .45-cent sales tax. Check out this story on shrev...

Published:  Thu, 19 Jul 2018 09:07:00 GMT

Louisiana's sales tax rate is second highest in the nation

BATON ROUGE, La. (AP) - Louisiana no longer has the highest average sales tax rate in the nation, but only barely. Tennessee has narrowly edged out Louisiana for the top spot with an average state and ...

Published:  Tue, 17 Jul 2018 11:43:00 GMT

Recent changes to sales tax holidays could impact back to school shopping

After all the wrangling over the state sales tax, a hidden cost behind Louisiana's newly-enacted cut. Plenty of parents may end up paying more for their children's school supplies next fall. During th...

Published:  Mon, 16 Jul 2018 20:53:00 GMT

L.A. County votes to put new property tax before voters to clean storm water

Los Angeles County supervisors voted Tuesday to place a property tax before voters in November to raise money for projects to capture and clean storm water. The measure would allow the county to levy ...

Published:  Wed, 18 Jul 2018 01:05:00 GMT

Everything LA County Voters Need To Know About The Stormwater Tax Now On Their November Ballot

This fall, L.A. County voters will be asked approve a new tax on impermeable land (aka surfaces that don't absorb water). That's money that would go to fund new projects to catch stormwater, clean it ...

Published:  Wed, 18 Jul 2018 14:28:00 GMT

LA County Stormwater Tax

The Los Angeles County Board of Supervisors voted to place on the November ballot a tax measure to fund a stormwater runoff system in an effort to save and clean water. The tax applies to both busines...

Published:  Thu, 19 Jul 2018 06:22:00 GMT

LA County voters to decide on new stormwater tax in November

Eligible Los Angeles County voters will get to decide on a new land tax to fund projects that catch, clean and percolate stormwater underground where it can increase the region's future water supply. ...

Published:  Tue, 17 Jul 2018 18:22:00 GMT

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