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Debt Consolidation in Massachusetts

Massachusetts MapMassachusetts falls pretty squarely in the top 20 in most dimensions of personal debt. The state ranked 14th in a Deseret News article looking at the lowest levels of personal debt in the United States. This ranking was based on a 4.5% share of the population with past due debt, with 23% of those individuals with debt already in collections averaging $4,602. Some residents in that situation would benefit from debt consolidation strategies to manage their financial challenges. On the other hand, Massachusetts is listed as having the 11th highest level of credit card debt in the nation with an average of $7457.84 per resident.

Students graduating from college in Massachusetts rank 13th with respect to the percentage who finish their studies with debt - 66% - and 14th in the average amount ($28,565) of that loan debt.

However, Massachusetts comes in 33rd place when it comes to bankruptcies filed, with just over 23,000 in a typical year and a rate of 3.52 filings per 1000 people in the state population.

Massachusetts also has one of the highest median home sale prices in the nation at $313,000. However, unlike many states with high home values - and thus high mortgage balances - the state does not have a correspondingly high foreclosure rate. The state averages 1 in every 2400 homes in foreclosure; even in Plymouth County, the region with the largest number of homes in foreclosure, the rate is still only 1 in every 1310 homes.

Medical debt continues to be an issue for residents of Massachusetts, with a reported 20% of adults surveyed stating that they did have medical debt that they were paying over several months or years, and slightly less than that reporting difficulties in paying medical bills in previous years. This debt is in spite of a Massachusetts law that preceded the Affordable Care Act in requiring all residents to carry medical insurance. A wide variety of debt consolidation agencies in the state can help residents address issues resulting from medical and other debt.


Transportation taxes, rural school aid, Western Massachusetts hospitals among Senate budget amendments

BOSTON -- Should cities and towns be allowed to raise their own tax revenue for municipal transportation projects Sen. Eric Lesser, D-Longmeadow, introduced an amendment to the Senate's fiscal 2019 state budget that would allow cities and towns to raise ...

Published:  Mon, 21 May 2018 03:08:00 GMT

Viewpoint: The unconstitutional millionaire's tax proposal

There is another reason why the SJC should reject the millionaire's tax proposal. Under the Massachusetts Constitution, the Legislature has the primary authority to budget for the commonwealth's spending needs, and it makes little sense to allow the ...

Published:  Thu, 17 May 2018 07:06:00 GMT

Bags of Cash and Stealthy Deliveries: How Pot Start-Ups Pay Taxes

For most other businesses, paying taxes often means using the Electronic Federal Tax ... Bill Weld, the former Republican governor of Massachusetts who also has joined the Acreage advisory board, said he believed cannabis could help wean people off opioids.

Published:  Sun, 20 May 2018 07:18:00 GMT

22 Highland St, Medway, MA 02053

22 Highland St, Medway, MA 02053 is a single family home for sale located in the Medway neighborhood. Browse® for nearby schools and neighborhood information. Find homes similar to 22 Highland St within your price range.

Published:  Mon, 21 May 2018 03:11:00 GMT

IPG Photonics seeks tax deal to expand in Oxford

IPG Photonics Corp. is seeking tax relief from the town in the form of a tax increment ... "We've been looking both locally here, as well as in the rest of Massachusetts, and even national, on where we are going to expand," Mr. Mammen said.

Published:  Wed, 16 May 2018 21:22:00 GMT

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