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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 one’s 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.

 

Nevada voted to end the "tampon tax"-and this should be the norm, NOT the exception

According to CNN, 56.9% of Nevada voters said yes to Question 2, eliminating the state's 6.86% sales tax on menstrual products. With the passage of this ballot measure, Nevada has become the 10th stat...

Published:  Thu, 08 Nov 2018 11:39:13 GMT



The Latest: Nevada voters OK medical equipment tax relief

LAS VEGAS (AP) - The Latest on Tuesday's midterm election in Nevada (all times local): 12:50 a.m. Nevadans have passed a measure granting tax exemption for prescription medical equipment such as oxyge...

Published:  Wed, 07 Nov 2018 01:07:00 GMT



Nevada Votes No To Tampon Tax: A Win For Menstrual Equity Movement

Opinions expressed by Forbes Contributors are their own. ForbesWomen Women's Health Advocate and Entrepreneur. With nearly 57% of the votes, Nevada just became the 10th state to eliminate the "tampon ...

Published:  Thu, 08 Nov 2018 15:54:00 GMT



Nevada becomes the 10th state to eliminate a 'pink tax' on menstrual products

(CNN) - You can add Nevada to the list of states that don't levy a "pink tax" on feminine hygiene products. On Tuesday, voters in that state amended the tax act of 1955 and removed the sales and stora...

Published:  Thu, 08 Nov 2018 03:19:00 GMT



Nevada just became the 10th state to eliminate the 'tampon tax,' paving the way for greater 'menstrual equity'

Nevada residents who menstruate will be saving some money on their future pad and tampon purchases: The state has now eliminated its so-called "tampon tax." On Tuesday, Nevada voters approved a ballot ...

Published:  Thu, 08 Nov 2018 10:47:00 GMT



Nevada eliminates "˜pink tax' on feminine hygiene products

(CNN) - Nevada will no longer add a sales and storage tax on feminine hygiene products. With Tuesday's vote, Nevada became the 10th state to eliminate the so-called "pink tax." Nearly 57 percent of vo...

Published:  Wed, 07 Nov 2018 15:06:00 GMT



Nevada voters eliminate the 'tampon tax' in midterm elections

Women in Nevada will be getting some relief on the price of menstrual products. Nevada became the 10th state to scrap the "tampon tax," the statewide sales tax on tampons and sanitary napkins. The dec...

Published:  Wed, 07 Nov 2018 13:29:00 GMT



Pink tax ahead in early Nevada returns

Nevada voters apparently were thinking pink when they voted Tuesday on Question 2. As of 11 p.m., the measure, which would exempt feminine hygiene products - tampons and sanitary napkins - from sales ...

Published:  Tue, 06 Nov 2018 23:12:00 GMT



Nevada just got rid of its "tampon tax"

Advocates argued that the sales tax on tampons and pads was unfair to women. Nevada just became the 10th state to eliminate the so-called "tampon tax," making menstrual products exempt from state sale...

Published:  Wed, 07 Nov 2018 03:00:00 GMT



Nevada votes to eliminate "˜tampon tax' on feminine hygiene products

Women in Nevada will now be able to buy feminine hygiene products without paying a so-called "tampon tax." Residents in the state on Tuesday voted to remove the nearly 7 percent state sales tax on the...

Published:  Thu, 08 Nov 2018 11:45:00 GMT



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