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      September 19, 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.

 

Missouri City Mayor, city council target property tax increase

The proposed FY 2019 Missouri City budget includes $25,000 for a study of possible future improvements to the city golf course, $200,000 for improvements and upgrades to the animal shelter, $1.2 milli...

Published:  Mon, 17 Sep 2018 12:01:00 GMT



Fuels tax issue touted as vital for safer roads

It truly is a user fee." On the final day of the legislative session, the General Assembly approved the proposed fuels tax increase but decided to send it to voters for final approval. Missouri Propos...

Published:  Sun, 16 Sep 2018 22:01:00 GMT



CBS Poll: Tight races in Montana Senate, Missouri

A plurality of 43% of Montana voters say the recent tax cuts haven't had much impact on them ... Turning to the race in Missouri, voters see national implications in the Senate race, as backers of bot...

Published:  Mon, 17 Sep 2018 15:06:00 GMT



SaferMo.com launches campaign in support of motor fuel tax increase

JEFFERSON CITY, Mo. --Supporters of a proposal to raise Missouri's gas tax by 10 cents over the next four years kicked off their campaign Thursday in Jefferson City. The proposal is Proposition D. It ...

Published:  Thu, 13 Sep 2018 15:48:00 GMT



Does Obama's re-emergence help or hurt Democrats in pivotal 2018 election states like Missouri

Claire McCaskill, D-Mo., in Beverly Hills, Calif ... But Republicans see in Obama a chance to make a case that their rollback of Obama regulations and tax cuts have led to robust economic gains under ...

Published:  Sun, 16 Sep 2018 09:00:00 GMT



Wyoming lawmakers to talk corporate taxes ... again

and Missouri (9). All, except Wyoming, have corporate income taxes. Though Pollina, in its report, did point out that Wyoming offered some of the best tax incentives in the nation, the report ...

Published:  Mon, 17 Sep 2018 22:49:00 GMT



The Latest: Missouri's McCaskill releases full tax returns

Missouri Democratic Sen. Claire McCaskill has released her full 2017 tax return. McCaskill's campaign provided the full return to The Associated Press on Wednesday. She previously had released only tw...

Published:  Wed, 12 Sep 2018 18:25:00 GMT



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