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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.


Gonzalez revenue plan would tax state's major colleges and universities

"I'm very disappointed that that's the tack he's taking, particularly given how important colleges and universities are to the economy of Massachusetts." Gonzalez's plan would levy a 1.6 percent tax o...

Published:  Tue, 18 Sep 2018 18:00:00 GMT

School Projects Could Raise Average Andover Tax Bill By 5.66%

ANDOVER, MA -- The average Andover residential property tax bill of $9,965 could jump by as much as $668, or 5.66% under the most expensive capital improvement project for Andover Public Schools.

Published:  Thu, 13 Sep 2018 04:47:00 GMT

5 Legal Tax Shelters Almost Everyone Should Use

Tax shelters have gotten a bad rap ... a certified financial planner at New England Financial Planning Group in Burlington, Massachusetts. Think of your refund as an interest-free loan to Uncle ...

Published:  Wed, 12 Sep 2018 07:54:00 GMT

How high does Elizabeth Warren want to raise taxes Her challenger wants to know.

"I asked (Senator Warren) by how much does she want to raise taxes on MA 50% or 90%" another tweet on Monday said. "Warren again refused to answer how much. For someone who recently stated, "˜I want ...

Published:  Mon, 10 Sep 2018 10:29:00 GMT

Columbia Threadneedle Investments Launches Tax Efficient Portfolios

Columbia Threadneedle Investments today announced the launch of Columbia Tax Efficient Portfolios (TEP), a suite of equity separately managed account strategies designed to provide investors consisten...

Published:  Mon, 17 Sep 2018 07:30:00 GMT

124 Zeno Crocker Rd, Barnstable, MA 02632

124 Zeno Crocker Rd, Barnstable, MA 02632 is a single family home for sale. Browse® for nearby schools and neighborhood information. Find homes similar to 124 Zeno Crocker Rd within your p...

Published:  Sat, 15 Sep 2018 02:18:00 GMT

Springfield City Council overrides mayoral veto, expanding tax incentive requirements for businesses

Some tax incentives provided to companies for housing projects ... In addition to the carpenters union, groups that advocated for the TIF labor requirements include Massachusetts Jobs with Justice, Pi...

Published:  Tue, 11 Sep 2018 17:54:00 GMT

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