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      January 18, 2019

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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.


Montana view: Gas-tax increase has paid off for state

Confronted with facts on Montana's severely deteriorated roads and bridges, the majority of the 2017 Legislature and Gov. Steve Bullock took action to make travel in Montana safer. With the ...

Published:  Tue, 15 Jan 2019 05:04:00 GMT

$8 million in Montana tax dollars for border wall better spent elsewhere

I was shocked to read in last Friday's Chronicle that Scott Sales proposed giving $8 million of Montanans' tax dollars to "help build President Donald Trump's wall on the Mexican border." I had no ide...

Published:  Wed, 16 Jan 2019 04:00:00 GMT

Landowners have until March 15 to apply for access tax credit program

"Offering a tax credit in exchange for allowing public ... Unlocking State Land passed by the previous Legislature. While Montana contains nearly 31 million acres of BLM, USFS, and state land ...

Published:  Wed, 16 Jan 2019 09:17:00 GMT

Bill would tax wholesale fireworks to give workers' comp to volunteer firefighters

where the tax is not applicable. Leonard Lundby, with the Montana Fire Alliance and chief of the Manchester Volunteer Fire Department west of Great Falls, said that while he doesn't want to see ...

Published:  Tue, 15 Jan 2019 10:45:00 GMT

Mt. Juliet commissioners to weigh proposal that would more than triple property tax

Mt. Juliet commissioners to weigh proposal that would more than triple property tax The Mt. Juliet city Commissioners are expected to discuss a resolution to establish a 59-cent property tax rate, mor...

Published:  Tue, 15 Jan 2019 15:47:00 GMT

The Trump Tax Law Has Big Problems. Here Are The Reasons Why.

Max Baucus of Montana and Republican Rep. Dave Camp from Michigan. Back then, Baucus chaired the Senate Finance Committee and Camp headed the House Ways and Means panel, yet they could not persuade a ...

Published:  Tue, 15 Jan 2019 09:18:00 GMT

Report: Minnesota has among worst business, individual tax climates in U.S.

The 10 states with the best tax climate for businesses, according to the Tax Foundation's analysis, are Wyoming, Alaska, South Dakota, Florida, Montana, New Hampshire, Oregon, Utah, Nevada and Indiana ...

Published:  Thu, 17 Jan 2019 09:54:00 GMT

Proposal would more than triple Mount Juliet property tax

A resolution is asking city leaders do create a mock budget where that property tax jumps to 59 cents ... and we've actually gone into a deficit situation," Mt. Juliet Commissioner Ray Justice said. " ...

Published:  Wed, 16 Jan 2019 19:12:00 GMT

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