TopConsumerReviews.com United States Map
      February 22, 2019

Home  >  Debt Consolidation  >  Shop By State  >  Louisiana

Your Information Is Secure
60+ Ways to Save Money Newsletter

Latest Reviews

ADHD

Eczema

Flower Delivery

Fruit Baskets

Hair Loss

Hair Removal

Menopause Relief

Pet Meds

Ringworm

Watches

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

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.

 

California lawmakers propose soda tax, outlawing super-size sugary drinks

California restaurants and stores would be prohibited from selling "Big Gulp" -style sodas and consumers would face taxes on sugar-sweetened soft drinks under bills announced Wednesday by five state la...

Published:  Wed, 20 Feb 2019 20:30:00 GMT



Taxes on sugar drinks, e-cigarettes and plastic bags among proposals meant to shape habits in Connecticut

From new taxes and fees on sugary beverages ... the budget should also help outline policy priorities for our state," said Maribel La Luz, Lamont's communications director. "Connecticut right now meet...

Published:  Thu, 21 Feb 2019 03:02:00 GMT



Developers rushing to Opportunity Zones for tax break, but is it helping Louisiana's low-income areas

A new federal program pitched as a way to aid low-income communities is ramping up across Louisiana, but after a political scramble to make various struggling areas eligible for the tax break, it's in...

Published:  Mon, 11 Feb 2019 03:58:00 GMT



Louisiana governor gathers business leaders for summit

Panel discussions will focus on industrial tax exemptions, statewide tax policy and infrastructure. RELATED: Louisiana governor announces Feb. 21 state business summit Edwards, who will give a keynote ...

Published:  Thu, 21 Feb 2019 03:13:00 GMT



TASCHINGER: Tax abatement controversial for Amazon, area industries

Hanging over all this is competition from our eager neighbor. Louisiana will famously offer 100 percent tax abatement for 10 years for just about any project. That's tough to match, though Louisiana i...

Published:  Thu, 21 Feb 2019 03:15:00 GMT



La Mirada's expired sales tax has paid for its last project, here's what it is

La Mirada's sales tax increase - approved by voters in November 2012 - went away nearly a year ago, and now all of the $28 million it raised soon will be exhausted. The City Council last week awarded ...

Published:  Mon, 18 Feb 2019 11:26:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure