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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 approves Google's $600M data center near Las Vegas, $25.2M in tax incentives

Nevada approves Google's $600M data center near Las Vegas, $25.2M in tax incentives The Nevada Governor's Office of Economic Development approves Google's application for a $600-million data center in ...

Published:  Fri, 16 Nov 2018 12:15:00 GMT



More Southern Nevada companies receive tax abatements

There are about 43.5 million unpaid caregivers in the U.S., each spending on average nearly $7,000 a year to take care of friends and family, according to the AARP. Las Vegas entrepreneur Anthony Rufo ...

Published:  Thu, 15 Nov 2018 18:04:00 GMT



Marijuana sales in Nevada hit $8.1M in August, set new monthly record

Nevada earned $8.1 million in tax revenue from marijuana sales during August, breaking the previous record of $7.9 million set one month earlier, the state announced Wednesday. "All told, during the m...

Published:  Thu, 15 Nov 2018 13:37:00 GMT



Trump's Fabricated Tax Cut Now Another Log On His Credibility Bonfire

"We are going to be putting in, and are studying very deeply right now, around the clock, a major tax cut for middle-income people," Trump told reporters in Elko, Nevada, on Oct. 20. "It's going to be ...

Published:  Thu, 15 Nov 2018 13:57:00 GMT



Nevada Collects a Record $8M in Marijuana Tax Revenues

Marijuana.com informs, engages and grows the cannabis community through coverage of marijuana law + politics, science + medicine, consumer trends, culture and commentary. The site also offers a forum ...

Published:  Fri, 16 Nov 2018 09:05:00 GMT



Nevada marijuana tax collections top $8M, set new record

LAS VEGAS (AP) - New Nevada tax data shows marijuana revenues are continuing to grow and top records in the state. The Nevada Department of Taxation said Wednesday that marijuana tax revenues at the r...

Published:  Wed, 14 Nov 2018 18:22:00 GMT



Nevada marijuana tax revenues break the $8M mark for August

LAS VEGAS (FOX5) -- Officials from the Nevada Department of Taxation said the state's marijuana tax revenues for Aug. 2018 surpassed the record for Aug. 2017. According to a statement from the state's ...

Published:  Thu, 15 Nov 2018 09:33:00 GMT



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