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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.


Trump administration ignores second tax subpoena

"History demonstrates that private tax return information is susceptible for partisan ... D-N.Y., meets with UNLV Immigration Clinic student attorneys at her first stop in Nevada as a candidate ...

Published:  Tue, 23 Apr 2019 16:50:00 GMT

New state tax burden study ranks Nevada second-lowest in U.S.

A median-wage earner who moves to Nevada from a state with a higher tax burden could save up to $7,728 per year in reduced financial obligations, a new analysis found. A study published by the website ...

Published:  Fri, 19 Apr 2019 12:51:00 GMT

Diesel tax bill headed to assembly

Check out this story on ...

Published:  Tue, 23 Apr 2019 19:25:00 GMT

Caterpillar Raises 2019 Profit Outlook on Tax Gain

Nevada, U.S. March 9, 2017. REUTERS/David Becker/File Photo Reuters (Reuters) - Caterpillar Inc raised its full-year profit forecast on Wednesday as it booked a tax gain in the first quarter ...

Published:  Wed, 24 Apr 2019 04:55:00 GMT

How High Are Taxes on Recreational Marijuana in Your State?

Ten states (Alaska, California, Colorado, Maine, Michigan, Massachusetts, Nevada, Oregon, Vermont ... The map below highlights the states that have legal markets and levy taxes on recreational ...

Published:  Wed, 24 Apr 2019 15:20:00 GMT

The Oakland Raiders and tax relief in Las Vegas

The Review-Journal's April 20 editorial would have us believe that the Oakland Raider players are coming to Nevada for tax relief. The paper knows full well that these players are coming to Nevada ...

Published:  Tue, 23 Apr 2019 21:01:00 GMT

Nevada governor to donate salary to public education

"We realize it's a difficult road given the tax structure in Nevada, the unprecedented growth that we're experiencing in the Reno and Las Vegas areas which fuels the need for more ...

Published:  Wed, 24 Apr 2019 17:33:00 GMT

LithiumOre Starts Second Week of Drilling at its Nevada Railroad Valley Project

including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, ...

Published:  Wed, 24 Apr 2019 05:31:00 GMT

Florida, Nevada, Texas hot spots for Americans looking to save money on taxes

The number of high-tax states residents moving to places like Florida, Nevada and Texas is continuing to climb, according to a mother-daughter team who dominate in residential real estate. Continue ...

Published:  Tue, 23 Apr 2019 12:00:00 GMT

Nevada Senate votes to repeal GOED's authority to give tax breaks

The Senate voted on Tuesday to take the ability to give businesses transferrable tax breaks away from the Governor's Office of Economic Development. At present, GOED has the power to approve partial ...

Published:  Wed, 17 Apr 2019 07:01:00 GMT

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