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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 exceeds pot tax revenue expectations; rec sales have topped $304 million

Nevada exceeds pot tax revenue expectations; rec sales have topped $304 million Nevada is skating past its first-year goals for recreational marijuana revenue. Check out this story on rgj.com: ... ...

Published:  Wed, 23 May 2018 12:57:00 GMT



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



Nevada Marijuana Sales in March Continue to Outpace Projections

The Nevada Department of Taxation said Wednesday taxable sales of adult-use marijuana topped $41 million in March, a 16% increase from February and 14.5% more than the previous monthly record of $35.8 million in December. Taxes on medicinal and ...

Published:  Wed, 23 May 2018 11:46:00 GMT



Brothel ban question divides residents in Nevada county

Lyon County, Nevada, commissioners will put an advisory question on the ... Brothels don't pay business taxes, but contribute nearly $500,000 in other fees to the county, which goes toward paying for the county fleet of vehicles. With only 52,000 residents ...

Published:  Wed, 23 May 2018 08:09:00 GMT



3D printing company growing in Nevada, adds to manufacturing base

The GOED approved about $13.7 million in tax abatements for existing, expanding and new Nevada companies in return for more than $151.6 million in new tax revenue. These companies include: Axion, a provider of satellite-based entertainment service ...

Published:  Thu, 17 May 2018 19:08:00 GMT



6 Reasons Why States Shouldn't Be Counting Their Sports Betting Tax Revenue Yet

That margin turns out to be relatively modest: In 2017, Nevada collected only about $15 million in tax on nearly $5 billion in sports bets. What do you tax, and what's the right rate Nevada, where sports betting is already legal, imposes a 6.75% tax the ...

Published:  Wed, 16 May 2018 20:01:00 GMT



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