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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.

 

These 13 movies received more than $10 million each in Massachusetts film tax credits

Anecdotally, it seems like some sort of film production pops up almost every week in Massachusetts. Statistically, it's likely even more frequent than that. From 2011 to 2017, Massachusetts awarded an ...

Published:  Wed, 16 Jan 2019 01:00:00 GMT



Property tax by the numbers: the Brockton area's biggest spenders and savers

Not exactly. Even with a relatively modest tax rate-at $15.96, Easton has the 152nd most expensive rate out of 343 Massachusetts communities with available data-residents of Easton find themselves pay...

Published:  Wed, 16 Jan 2019 14:27:00 GMT



Taxes 2019: When they're due, how to file online and more

For most people in the US, taxes for 2018 are officially due on Monday, April 15, 2019. The exception: if you live in Maine or Massachusetts, where the 15th is the Patriot's Day holiday, or the Distri...

Published:  Wed, 16 Jan 2019 12:30:00 GMT



PrismHR and State Tax Solutions Announce New Partnership

HOPKINTON, Mass., Jan. 16, 2019 /PRNewswire-PRWeb/ -- PrismHR, the leading HR software platform for human resource outsourcing (HRO) service providers, today announced a new partnership with State Tax ...

Published:  Wed, 16 Jan 2019 13:00:00 GMT



SeniorCare & AARP Provide Free Tax Preparation

SeniorCare Inc.'s RSVP Volunteers of the North Shore are proud to partner with AARP and coordinate the AARP Tax-Aide Program, a vital service for elders, enabling them much needed assistance with ...

Published:  Wed, 16 Jan 2019 13:52:00 GMT



Mass. film tax credits are drawing scrutiny

I read with interest the story by reporters Matt Stout and Matt Rocheleau documenting how the Massachusetts tax subsidy program has benefited Hollywood productions shot in our state ("State gave out $...

Published:  Mon, 14 Jan 2019 21:00:00 GMT



Democrats' commitment to raising taxes punishes the rich, fails to help the poor

Elizabeth Warren of Massachusetts, are arguing for tax rates of more than 50 percent. Julian Castro, an Obama Cabinet member who is testing the waters, says approvingly that "there was a time when the ...

Published:  Tue, 15 Jan 2019 05:52:00 GMT



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