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      September 19, 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.


In Tax-Free States, Businesses Squirm At Collecting Online Sales Taxes For Others

The New Hampshire case illustrates the complexities of collecting online sales taxes, especially for retailers in New Hampshire and the other four states (Alaska, Delaware, Montana and Oregon) that do...

Published:  Mon, 17 Sep 2018 08:08:00 GMT

6-mill levy sound investment in Montana's future

In my mind, that is small price to pay to ensure that the high school students I now teach have access to the same affordable and excellent education in Montana that I had. Voting for the 6-mill levy ...

Published:  Tue, 18 Sep 2018 23:05:00 GMT

Supporters of Montana tobacco-tax initiative rally in Billings

BILLINGS- Supporters of the tobacco tax initiative on this November's ballot brought out a coffin, a body bag, and toe tags to deliver their message on the Yellowstone County Courthouse lawn in ...

Published:  Thu, 13 Sep 2018 16:05:00 GMT

After helping defeat a tax for affordable housing, Paul Allen and Jeff Bezos step up on homelessness

Vulcan donated $75,000 to that project. Planning for the Mt. Baker center was also underway as the head tax battle took place. In an interview with GeekWire, Seattle Mayor Jenny Durkan said the projec...

Published:  Tue, 18 Sep 2018 16:08:00 GMT

The Health 202: Montana is voting on whether the tobacco industry should pay for Medicaid expansion

The industry would have to pay for it. In November, Montana voters will get to choose whether to increase taxes on all tobacco products to fund Medicaid expansion and other health programs. Advocates ...

Published:  Tue, 11 Sep 2018 05:10:00 GMT

Here's where money from I-185 would go in Montana

I-185, which will be decided by voters in November, would increase state tobacco taxes by about $74 million a year, including a $2-per-pack hike on cigarettes. It also would commit Montana to ...

Published:  Thu, 13 Sep 2018 19:37:00 GMT

Tight races in Missouri, Montana Senate, CBS News poll finds

A plurality of 43 percent of Montana voters say the recent tax cuts haven't had much impact on them, but of those who have felt an impact, it has been more positive than negative. By almost three to o...

Published:  Sun, 16 Sep 2018 07:30:00 GMT

Renew 6-mill levy to keep higher education within reach of Montana students

Again, the 6-mill levy doesn't raise taxes. And it collects only $12 a year per $100,000 of property value. If you live in a $300,000 home, you'll pay about $36 a year. Montana voters seldom ...

Published:  Sun, 09 Sep 2018 06:00:00 GMT

States Looking To Tax Opioids Pin Hopes On November Elections

California, Delaware, Iowa, Kentucky, Maine, Massachusetts, Montana, New Jersey, Tennessee and Vermont are all eyeing renewed attempts to pass opioid taxes, officials in those states say. The proceeds ...

Published:  Tue, 11 Sep 2018 10:38:00 GMT

3. Montana

The prices of goods and services in Montana are about six percent lower than the national average. Additionally, low sales tax rates in the state (the fourth lowest in the country) contribute to ...

Published:  Mon, 10 Sep 2018 09:05:00 GMT

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