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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.

 

Nevada Sees Rise in Tax Revenue from Sales, Marijuana

Nevada's tax income is on a hot streak, with increases in tax revenue from traditional sources, like sales tax, as well as from less traditional ones, like marijuana. Nevada Department of Taxation Dir...

Published:  Fri, 13 Jul 2018 18:22:00 GMT



Northern Nevada companies approved for $1.3M in tax abatements

Three companies expanding in or locating to Northern Nevada received approval for tax abatements from the Governor's Office of Economic Development Wednesday. A total of $1.3 million in abatements wer...

Published:  Wed, 11 Jul 2018 16:50:00 GMT



A year after legalization, Nevada marijuana tax revenues outstrip predictions

As the one-year anniversary of legalized recreational marijuana looms in Nevada, tax revenues from retail pot sales continue to outpace expectations, despite a dispute over distributor licenses and co...

Published:  Mon, 02 Jul 2018 06:45:00 GMT



Cannabis tax measure before the Nevada County BOS on Tuesday for the November ballot

NEVADA CITY, Calif. July 5, 2018 - On Tuesday, July 10 at 10:30 am, the Nevada County Board of Supervisors will vote on a proposed ordinance/ballot measure to establish a cannabis business tax on all ...

Published:  Thu, 05 Jul 2018 12:35:00 GMT



Nevada TV ad cherry-picks tax cut benefits to top 1%

A new ad on the air in Nevada against the Republican tax law features a cheerful grandmother doling out brightly wrapped candy to her grandchildren. To the girl, she gives heaping handfuls. To the boy ...

Published:  Tue, 10 Jul 2018 06:14:00 GMT



Supreme Court online tax ruling boosts accountants

Tiger Fitness currently only charges sales tax in its home state of Ohio and in Nevada, where it operates a warehouse. Its house brand supplements are also sold on Amazon and through traditional retai...

Published:  Tue, 03 Jul 2018 04:40:00 GMT



Time to raise Nevada's gaming tax to fund state needs

Year after year it is always the same. Not enough money for teachers, police or firefighters and on it goes. Yet we can find $750 million for a football team, money for a baseball stadium and $100 mil...

Published:  Fri, 13 Jul 2018 21:05:00 GMT



Cannabis business tax to be on the November ballot for Nevada County voters

Print 7 days a week + e-Edition + Online. Rates are for Carrier Delivery only. Please contact our circulation department for Mail rates at (877) 741-1313. Current print subscribers! Active your total ...

Published:  Thu, 12 Jul 2018 03:56:00 GMT



Nevada's First Recreational Marijuana Sales Generate $500,000 In Tax Revenue

CBS Local - Nevada's first four days of legal recreational marijuana sales produced $3 million in sales revenue and about $500,000 in tax revenue, according to the Nevada Dispensary Association. These ...

Published:  Wed, 04 Jul 2018 05:00:00 GMT



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