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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.

 

New tax law affecting people's returns in Missoula and across Montana

If you went out and bought a new TV on a credit card in anticipation of getting the same size tax return as last year, you might want to save the receipt. In Montana and in Missoula, as across the ...

Published:  Fri, 15 Feb 2019 18:00:00 GMT



Montana Legislature considers carbon taxes

Montana lawmakers are considering two bills to tax carbon pollution, and not surprisingly owners of Colstrip Power Plant say the measures would kill the facility. Democratic legislators are ...

Published:  Thu, 07 Feb 2019 04:30:00 GMT



Research & Commentary: Regressive Carbon-Dioxide Tax Would Be Harmful to Montana Residents and Businesses

Proposals under consideration in Montana would establish a carbon-dioxide tax on "owners of large emission sources" in Big Sky Country. The purpose of the carbon tax is to decrease carbon-dioxide emis...

Published:  Mon, 11 Feb 2019 08:18:00 GMT



Bill would eliminate some property taxes in favor of Montana sales tax

HELENA - A massive, 426-page bill introduced to the Montana Legislature Wednesday would create a 2.5 percent statewide sales tax, as well as cut three different types of property tax. House Bill ...

Published:  Thu, 07 Feb 2019 15:27:00 GMT



Update: HB 226 MSSA's Bill To Exempt Nonprofit Shooting Ranges From MT Property Taxes

Montana --(AmmoLand.com)- There was a hearing yesterday (Monday) before the House Appropriations Committee for HB 226, MSSA's bill to exempt nonprofit shooting ranges from property taxes. Ostensibly, ...

Published:  Tue, 12 Feb 2019 11:36:00 GMT



Montana Lawmaker Seeks Sales Tax to Replace Property Taxes

HELENA, Mont. (AP) - A Montana lawmaker is proposing to eliminate some property taxes and replace them with a 2.5 percent statewide sales tax. Republican Rep. Kerry White of Bozeman outlined his bill ...

Published:  Thu, 07 Feb 2019 13:59:00 GMT



Montana House passes bill requiring 2/3 vote for tax hikes

HELENA, Mont. (AP) - The Montana House of Representatives has passed a bill aimed at making it harder for state lawmakers to raise taxes. Montana Public Radio reports the bill, which passed on a 53-46 ...

Published:  Tue, 05 Feb 2019 16:54:00 GMT



Montana Legislative Roundup - Week 5

The Montana House of Representatives has passed a bill that would use money from the coal severance tax trust fund to pay for low- and moderate-income housing projects. House Bill 16, carried by Rep.

Published:  Tue, 12 Feb 2019 11:00:00 GMT



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