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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.

 

Gov. Bullock unveils 2020-21 budget with some new programs - and tax increases

As part of the budget, the Democratic governor proposed increasing state taxes or fees on lodging, rental cars, liquor, investment advisers and tobacco. Last week, 53 percent of Montana voters ...

Published:  Thu, 15 Nov 2018 16:40:00 GMT



Tobacco Tax Battle Could Torch Montana Medicaid Expansion

Amanda Cahill, a supporter of Montana's tobacco tax measure, I-185, at a press conference near the state capitol last August. Tobacco firms have spent $17 million in opposition to the initiative ...

Published:  Mon, 05 Nov 2018 01:00:00 GMT



The Latest: GOP legislative leaders reject tax increase plan

Republican legislative leaders are rejecting a proposal by Montana Democratic Gov. Steve Bullock to raise taxes on tobacco, liquor, rental cars and hotel rooms to help pay for state programs. Senate P...

Published:  Thu, 15 Nov 2018 13:56:00 GMT



A Lesson From Montanans' Vote to Tax Themselves to Fund Higher Education

There's a unique tradition in Montana. Once every decade since 1948, voters have taken to the polls to give the state's colleges a report card, and decide whether or not they want to tax themselves to ...

Published:  Wed, 07 Nov 2018 10:52:00 GMT



Montana colleges could require state tax returns for in-state tuition

BOZEMAN - The Montana University System is mulling over tightening the rules for out-of-state students who want to gain in-state residency status that can cut thousands of dollars from tuition ...

Published:  Tue, 13 Nov 2018 06:37:00 GMT



NorthWestern Energy and Montana Intervenors Reach Settlement to reduce Customer Bills with the Tax Cuts and Jobs Act benefits

BUTTE, Mont., Nov. 9, 2018 /PRNewswire/ -- NorthWestern Energy has reached an agreement with the Montana Consumer Counsel, Montana Large Customer Group, Human Resource Council, District XI and the ...

Published:  Fri, 09 Nov 2018 16:13:00 GMT



The Latest: Tobacco Tax Hike for Medicaid Expansion Rejected

Montana voters have rejected a ballot measure that sought to extend the state's Medicaid program and pay for it in part by raising the tobacco tax. The result from Tuesday's election means the expande...

Published:  Wed, 07 Nov 2018 16:41:00 GMT



Montana voters reject paying for Medicaid expansion with tobacco tax

HELENA - Montana voters rejected a ballot measure that sought to extend the state's Medicaid program by raising the tobacco tax. The ballot measure was the target of multimillion-dollar ...

Published:  Wed, 07 Nov 2018 16:20:00 GMT



Montana Chamber updates tax study progress

BUTTE - The Montana Chamber of Commerce released initial findings from its study of Montana's business taxes at the organization's Annual Meeting Oct. 26. The State Tax Research Institute gave members ...

Published:  Sun, 04 Nov 2018 02:00:00 GMT



9-mt tax take up 2.1%

(ANSA) - Rome, November 15 - Italy's tax take rose 2.1% or 10.3 billion euros in the first nine months of the year, the economy ministry said Thursday. Tax revenue was 1.3% up, a gain of 4.126 billion ...

Published:  Thu, 15 Nov 2018 08:08:00 GMT



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