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      May 21, 2018

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Debt Consolidation in Montana

Montana MapIn almost every area of consumer debt, Montana residents fare quite well. For instance, while Montanans rank 7th in terms of states with the highest credit card debt, with an average of $7,180.53 per person, they rank 6th overall in states with the lowest levels of personal debt. Only 4.1% of individuals with credit carry a balance that is past due; of that amount, 26.2% have debt in collections with an average dollar amount of $6,543.

Big Sky Country residents also rank low when looking at bankruptcy rates. In an average year, only 1,514 individuals file for bankruptcy, representing a rate of 1.6 filings for every 1000 people in the state. With some other states having bankruptcy filings of over 20,000 per year, this places Montana in 46th place overall. Debt consolidation is one strategy that Montanans are using to manage their financial challenges in ways that avoid the need to file for bankruptcy.

Montana experiences a very low rate of home foreclosures in comparison with the rest of the United States, with an average of 1 home in every 8000 in a state of foreclosure. Even in the counties with the highest foreclosure rates in the state, Mineral and Pondera, this rate still stays above one in every thousand homes. Considering that Montana has a higher median list price for single-family homes - $239,000 - than many other states, its low foreclosure rate is surprising.

On the other hand, college graduates in Montana do fare slightly less well than students in a number of other states. Montana is 13th overall with respect to the proportion of students graduating with debt - 66% - and 20th when considering the average debt amount of $27,658 held by those students.

State residents considering debt consolidation can feel confident knowing that all companies offering debt management plans in Montana are licensed by the Montana Department of Justice.


University of Montana Foundation Invests in Offshore Tax Havens

There is a magnifying glass trained on foundations, and it is not just to see who gets their grants and why; nonprofits and others want to know how its money is invested. If a foundation is following generally accepted accounting principles, investing ...

Published:  Thu, 17 May 2018 08:38:00 GMT

Airbnb says it has put Montana tax issue to bed

Airbnb says it has put Montana tax issue to bed A hospitality group asks state officials to help bring Airbnb into tax compliance with the same rules as other lodging facilities in Montana Check out this story on ...

Published:  Fri, 11 May 2018 17:32:00 GMT

Taxes, abortion hot issues in Republican legislative primary

Murray said he was motivated to run for the state seat because of Grubb's vote during the 2017 Legislature in favor of a gasoline tax increase that pays for ... the definition of "person" in the Montana Constitution to end abortions in the state.

Published:  Sat, 19 May 2018 04:00:00 GMT

Report: University of Montana Endowment Allegedly Invests in Tax Havens

Paradise Papers reveal $30 million invested in offshore hedge funds and private equity firms. The University of Montana's endowment allegedly has more than $30 million invested in offshore hedge funds and private equity firms held in tax havens ...

Published:  Fri, 18 May 2018 06:41:00 GMT

Montana Senate Candidate Russell Fagg Backs an Internet Sales Tax

Montana Senate Republican candidate Russell Fagg admitted to and then backtracked regarding his support for an Internet sales tax. In February, Fagg spoke to the Voices on Montana and was asked whether he would support an Internet sales tax. Fagg admitted ...

Published:  Thu, 10 May 2018 16:53:00 GMT

UM Foundation invests tens of millions in offshore tax havens

The University of Montana Foundation has invested more than $30 million in offshore hedge funds and private equity firms in Caribbean and Central American tax havens, including an investment in a multibillion-dollar private equity fund supporting oil ...

Published:  Mon, 14 May 2018 05:16:00 GMT

Montana nonprofit enters Beachwood school tax debate

BEACHWOOD, Ohio - The American Policy Coalition, a Montana-based nonprofit, has created a stir in this affluent suburb by paying for an online advertisement opposing a tax increase for this suburb's school district. Beachwood resident Loren Chylla, a ...

Published:  Sun, 06 May 2018 17:11:00 GMT

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