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Debt Consolidation in Nevada

Nevada MapWhen considering consumer debt in the state of Nevada, statistics vary widely across a number of dimensions. For example, Nevada ranks absolutely last when looking at the proportion of college graduates with debt. Only 43% of students receive their diplomas with any remaining student loans. And, for those who do have loans, the average amount of that debt is $21,666, placing them 48th out of 50 states.

However, foreclosure rates in Nevada are some of the worst in the nation, with an average of one in every 495 homes in the state in foreclosure. These rates may correlate with the median sales price of $184,500 for single-family homes. Foreclosure can sometimes be avoided with the help of a debt consolidation agency, to develop a plan before oneís debt becomes unmanageable.

Credit card debt in Nevada is the fifth-highest in America, with the average citizen carrying a credit card balance of $9,107.19. However, Nevada is one of four states experiencing the greatest drop in per capita debt, going from $88,500 to $49,350 in a five-year period.

Bankruptcy rates are also high, with over 10,500 Nevadans filing for individual bankruptcy in an average year, representing a rate of 4.28 filings out of every 1000 people. This puts Nevada in 7th place in the country. Debt consolidation is one strategy available to residents seeking to avoid filing for bankruptcy.

Nevada residents should be aware of the laws governing debt collection in the state - especially that for most debts, there is a six-year statute of limitations. This statute of limitations does apply to medical debt in the state of Nevada. State law does allow for wage garnishment for the collection of most kinds of debt. Additionally, debt collection agencies are required to be licensed by the State Commissioner.


Progressive group targets GOP tax law in new Nevada ad campaign

(CNN)A progressive group is going after the Republican-backed tax law with a new, six-figure ad campaign in Nevada, a key state in the 2018 midterm elections. The Tax March, a nonprofit group affiliated with the "Not One Penny" progressive coalition, says ...

Published:  Tue, 15 May 2018 03:18:16 GMT

Campaign 2018: Frierson plan would increase pot tax to fund schools

Nevada Assembly Speaker Jason Frierson unveiled an education plan that would levy an extra 10 percent sales tax on recreational marijuana for public schools. Clark County Commissioner Steve Sisolak speaks during a commission meeting to debate whether to ...

Published:  Mon, 07 May 2018 02:12:00 GMT

Seattle City Council Approves Tax on Large Businesses Such as Amazon and Starbucks to Fight Homelessness

U.S. Agriculture Secretary Sonny Perdue kicked off a four-state tour in New Mexico as US House Republicans push for a new work and job training requirements for food stamp recipients in a new farm bill. A California police lieutenant says children taken ...

Published:  Mon, 14 May 2018 17:07:00 GMT

John Bullis column: Hiring your child is even better with new tax law

But now your child can earn up to $12,000 of wages and still pay no income tax. The Western Nevada FC Coyotes entered this past Saturday's match at Real San Jose looking to not only increase its UPSL-unbeaten streak to 10 games, but also to clinch a spot ...

Published:  Tue, 15 May 2018 11:48:00 GMT

Tangled up in red

Those increases were passed in 2015 and coincide with a reduction of general fund dollars going into the Health District, in order for the department to be less reliant on tax dollars ... That conflict, involving the Nevada Division of Environmental ...

Published:  Thu, 17 May 2018 00:38:00 GMT

County assessor's office talks duties, tax cap and more during forum

LAUGHLIN - Those in attendance learned a lot about how the Clark County Assessor's Office works regarding tax collection and some information to keep in mind as Laughlin looks to build. Briana Johnson, the assistant director for the assessor's office ...

Published:  Fri, 11 May 2018 11:30:00 GMT

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