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Debt Consolidation in Ohio

Ohio MapAccording to information and statistics provided by, Ohio's level of personal or consumer debt is actually lower than that of other residents of the United States. This is when looking at the issue as a whole. However, when you begin to break the numbers down it becomes apparent that certain areas of borrowing create bigger debt problems than others for residents of Ohio.

The two types of debt that stand out in the case of Ohio is credit card loans and student debt, as these are the areas in which the average Ohioan tends to build up the most debt. Combining different kinds of debt such as these through a process like debt consolidation can help to reduce the overall amount owed. According to the 'U.S. News and World Reports', Ohio is home to five of the countries top 115 schools, and unfortunately quality education doesn’t come cheap. When disregarding mortgage debt, student loans actually move into first place as the largest type of debt on average, with $4,300 being the typical sum owed. This is higher than the national American average for student debt.

Credit card debt is the other big area for concern in Ohio, with many spenders owing an average of $2,800 on their credit cards. One study looking into the ratio of household income versus credit card debt revealed three cities located within the state to be in the national top ten of the guiltiest users of plastic. On the plus side and helping Ohioans come out better than the national average overall, is their lower than standard mortgage debt. With a state norm a massive 35% lower than the national one, homeowners also have a lower rate of late payments.

The typical person in Ohio has 26% less debt than the standard American. While this is a significant difference and leaves the locals with a smaller sum to payback, it certainly doesn’t mean that they are completely debt free or have nothing to worry about. In fact debt consolidation remains to be an important and beneficial method for getting on top of debt as quickly as efficiently as possible.


Abortions are declining in Ohio, property taxes for schools are rising. Which issue do you think GOP lawmakers are targeting Thomas Suddes

The Republican-run Ohio House of Representatives never forgets why voters send it to the Statehouse - to limit women's access to abortion, and to boost gun peddlers' profits. House Republicans don't l...

Published:  Sat, 17 Nov 2018 08:17:00 GMT

Column: Ohio leans Republican but Democrats can still win here

For 1997, the year Ohio's Supreme Court ruled Ohio's school funding "system" unconstitutionally over-relies on property taxes, Ohio real estate owners were charged $7.2 billion in taxes. (Ohio's publi...

Published:  Sun, 18 Nov 2018 02:54:00 GMT

Opinion: Ticket tax for the arts essential to protecting Columbus' vibrant economy

We are very fortunate to live in Columbus. Unlike the rest of Ohio, we have a low unemployment rate and are benefiting from population growth - with the addition of more than 175,000 new residents in ...

Published:  Fri, 16 Nov 2018 02:05:00 GMT

How Amazon's explosive U.S. growth is producing thousands of jobs in Ohio

a tax regimen that does not tax inventory - plus, more than 25 universities in Ohio with logistics programs. "With e-com and distribution, companies are looking at how fast can we get goods to our cus...

Published:  Sun, 18 Nov 2018 03:06:00 GMT

Prospects For Tax Policy In The 116th Congress

Democrats also won some state houses previously held by Republicans - Illinois, Michigan, Wisconsin, Kansas, Maine, New Mexico and Nevada - but fell short in others, notably Ohio and Florida. The 2018 ...

Published:  Fri, 16 Nov 2018 08:51:00 GMT

Tax plan considered to help farmers

Iowa, Illinois, Indiana, Kansas, Ohio, Wisconsin and the Dakotas all use the latter and typically charge less in agricultural property taxes than Nebraska. Under Nebraska's system, farmland is assesse...

Published:  Fri, 16 Nov 2018 22:00:00 GMT

Shading Out Solar: State Policies In Ohio Valley Dim Future Of Energy Jobs

Tax-exempt entities such as schools ... those electrons are produced by renewable resource unlike Maryland, unlike Ohio, unlike Pennsylvania, unlike Virginia," he said. Advocates for solar ...

Published:  Fri, 16 Nov 2018 14:24:00 GMT

How Amazon could increase homelessness and how the new 2019 tax rates could affect you

and Dayton, Ohio will find wildly different versions of "˜bargain ... How Amazon (and Trump) can get rich off a tax break that's supposed to help poor people Not only did Amazon get $1.5 billion in sub...

Published:  Fri, 16 Nov 2018 13:32:00 GMT

After the Retail Apocalypse, Prepare for the Property Tax Meltdown

The tax-base pinch might not be so painful if just a few cases ... A Steak "˜n Shake in Warren County, Ohio, has made a similar argument about the value of its lease. What if no one can agree about wha...

Published:  Thu, 15 Nov 2018 05:21:00 GMT

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