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      November 22, 2018

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Debt Consolidation in Missouri

Missouri MapMissouri ranks as one of the lowest states in the Union with respect to credit card debt, coming in 42nd with an average credit card balance of $4,009.37 per resident.

However, in one aspect of consumer debt - auto loans - Missouri is expected to have the second largest increase in the nation at 7%, second only to the state of Michigan. Residents who take on too much debt could find themselves facing delinquency in making payments, unless they consider options such as debt consolidation.

Missouri also ranks high in bankruptcy filings: 11th overall in the United States, with over 20,000 residents filing for personal bankruptcy in an average year. This represents a rate of approximately 3.5 individuals out of every 1,000.

Bankruptcy rates are often related to foreclosures, and Missouri experiences a foreclosure rate of 1 in every 1632 homes in a state of foreclosure in a typical year. The hardest-hit is Jefferson County, where 1 in every 764 homes is in foreclosure, more than double the rate for the rest of the state. High foreclosure rates are often correlated with high home sale prices, but the median sales price in Missouri for a single-family home is one of the lowest in America at $59,061.

On the other hand, with respect to student loans, Missouri fares somewhat better. Its college graduates rank 19th overall in terms of the percentage graduating with some form of student debt (63%), and an even lower 33rd place when considering the average amount of that debt ($24,957). Some graduates find that debt consolidation helps them to manage this and other debts they have as they enter the workforce.

Missouri residents should be aware that the state has no regulations regarding collection agencies, other than what is required by the Federal Fair Debt Collection Practices Act.


Gas Tax Defeat Forces Missouri Lawmakers To Look For Alternate Sources Of Funding

Advocates for more transportation funding in Missouri say lawmakers need to quickly consider alternative funding sources after voters rejected a gas tax increase at the polls this month. Had it passed ...

Published:  Wed, 21 Nov 2018 13:56:00 GMT

Gas tax defeat means Missouri lawmakers will be seeking money for roads

Missouri voters' rejection of a gasoline tax increase last week leaves state officials scrambling again for a successful route to solving the Missouri Department of Transportation's chronic money prob...

Published:  Mon, 12 Nov 2018 06:57:00 GMT

With failure of gas tax, Missouri transportation budget may face rocky road

Voters' sound defeat of a proposition to raise Missouri's gas tax by 10 cents makes the state's path to improving its crumbling roads and bridges less clear. Supporters of the increase are planning th...

Published:  Fri, 09 Nov 2018 04:36:00 GMT

Missouri voters once again reject gas tax increase to improve roads

KANSAS CITY, Mo. -- Missouri voters have spoken. They won't shell out any extra tax money for gas. On Tuesday, they voted down Proposition D, which would have increased the gas tax by 10 cents ...

Published:  Fri, 09 Nov 2018 00:30:00 GMT

Options for highway funding narrow with defeat of fuel tax

Transportation officials and advocates are regrouping after Tuesday's defeat of Proposition D, which would have raised the Missouri fuel tax by 10 cents a gallon. The fuel tax has been at its current ...

Published:  Sat, 10 Nov 2018 12:28:00 GMT

Residents propose tax increase to fund resources for Cole County youths

The fund would be created through a 1/4 cent sales tax increase - one penny for every $4 purchase ... Special Learning Center and Missouri Valley Big Brothers, Big Sisters that work with children and ...

Published:  Wed, 21 Nov 2018 04:33:00 GMT

Next steps unclear after Missouri gas tax increase fails

Supporters of a plan that would have boosted Missouri's gas tax by 10 cents are plotting their next steps after voters rejected the increase Tuesday. Proposition D failed 54 percent to 46 ...

Published:  Wed, 07 Nov 2018 17:28:00 GMT

Missouri auditor begins review of Jackson County finances, starts with anti-crime tax

Missouri Auditor Nicole Galloway announced Thursday that she's started her long-awaited review of Jackson County government's finances and operations. Jackson County Executive Frank White first asked ...

Published:  Thu, 15 Nov 2018 10:39:00 GMT

Businesses must learn new tax law or pay the price in 2019

Small-business owners who don't take time to understand the new tax law may be in for a painful filing season next spring. While accountants and tax attorneys always recommend owners review their fina...

Published:  Wed, 21 Nov 2018 08:43:00 GMT

Tax liens - Cape County - October 2018

Tax liens and lien discharges recorded at the office of Drew Blattner, recorder of deeds, during October are filed by the Missouri Department of Revenue, except as indicated by IRS designation. For mo...

Published:  Wed, 21 Nov 2018 15:13:00 GMT

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