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      July 16, 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.


Voters to decide whether to raise tax on tobacco to help pay for Montana's Medicaid expansion

Montana voters will decide in November whether to raise taxes on all tobacco products by $2 and use the money generated from that tax to continue Medicaid expansion in the state - an initiative the pr...

Published:  Thu, 12 Jul 2018 17:30:00 GMT

Tax hike proposal would improve fiscal health of smugglers

Scholars have long noted that the health-related goals of policymakers are often undermined by the very tax they wish to impose to improve public health. In this case it would be undermined by smuggle...

Published:  Thu, 12 Jul 2018 05:10:00 GMT

Big tobacco spending big to defeat MT's tobacco-tax measure

Two of America's biggest tobacco companies have already spent nearly $854,000 to oppose a Montana ballot initiative that would raise state tobacco taxes and extend government-funded health coverage fo...

Published:  Tue, 03 Jul 2018 15:50:00 GMT

Tax collection should be prerogative of each EU member state - Alfred Sant

This is especially relevant in the case of Malta, which derives more tax input from SMEs than other EU countries. The proposal represents nevertheless an effort to further unblock the rigidities of th...

Published:  Mon, 09 Jul 2018 23:19:00 GMT

President Trump to be greeted in Montana with cheers, jeers and burgers

While supporters plan on flocking to the Four Seasons Arena at Montana ExpoPark to hear the president rally ... The president is expected to speak about tax cuts, illegal immigration and other topics. ...

Published:  Tue, 03 Jul 2018 13:25:48 GMT

Trump Assails Critics and Mocks #MeToo. What About Putin "ėHe's Fine'

"That's probably why I'm here. I won Montana by so many points, I don't have to come here." The president criticized Mr. Tester's voting record, which included opposition to the Republican tax overhau...

Published:  Fri, 06 Jul 2018 17:58:00 GMT

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