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Debt Consolidation in Ohio

Ohio MapAccording to information and statistics provided by debt.org, 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 doesnít 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 doesnít 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.

 

Controversial ticket-tax proposal heads to City Council this week

Cincinnati's 3 percent admissions tax generated $5.6 million in 2016, according to the Ohio Department of Taxation. Katzenmeyer said he does not think the tax would hurt attendance, pointing to studie...

Published:  Sun, 16 Sep 2018 16:52:00 GMT



Maryland Manufacturer To Increase Hiring 20%, Invests In New Technology Thanks To Tax Reform

"From the moment tax reform was announced, Marlin Steel decided we're all ... "We've reconfigured our factory and bought six robots from Arkansas, Ohio and Minnesota," said Greenblatt. "We largely buy ...

Published:  Fri, 21 Sep 2018 09:01:00 GMT



Property taxes from pot farm could help repair sewers, sidewalks

Adam Thomarios, Paul's son, will run the farm through AT-CPC of Ohio LLC. The Thomarioses plan to pump $1 million into the old sewer building on 3.72 acres of rundown city land. As the property improv...

Published:  Tue, 18 Sep 2018 07:48:00 GMT



Ohio governor candidates on the issues: Taxes

On Sept. 19, governor candidates Republican Mike DeWine and Democrat Richard Cordray are taking part in their first debate at the University of Dayton. The Dayton Daily News, WHIO-TV and WHIO Radio ar...

Published:  Tue, 18 Sep 2018 16:57:00 GMT



Ohio election board to probe congressional candidate's expenses

COLUMBUS (AP) - The Ohio Election Commission has voted to further investigate ... were used in his role as Hamilton County Clerk of Courts. An attorney for the anti-tax activist who filed the complain...

Published:  Thu, 20 Sep 2018 12:59:00 GMT



Ohio's Rapidly Growing Energy Industry Attracts Over $70 Billion in Investment

When factoring in the rest of the Ohio Valley region, this number is significantly larger. These investments from the U.S. and abroad, combined with continued job growth, additional tax revenue and an ...

Published:  Wed, 19 Sep 2018 10:58:00 GMT



Energy leaders provide lawmakers with tax information

Refuting claims that raising the natural gas severance tax rate won't cause drillers to move to Ohio, which only charges 2.5 cents per thousand cubic feet, and Pennsylvania which only charges a drilli...

Published:  Mon, 17 Sep 2018 21:24:00 GMT



MATHUR: Gasoline tax vs. Carbon tax in Utah: An evaluation

CO2 tax-price is the market-based solution ... Vijay Mathur is professor of economics, emeritus, Department of Economics, Cleveland State University, Cleveland, Ohio. He also blogs at mathursblogonomi...

Published:  Fri, 21 Sep 2018 07:40:00 GMT



Ted Ford: Ohio should embrace advanced-energy technology

Those restrictions have virtually shut down wind-energy development in Ohio and the tax revenue paid by private companies that trickles into the Ohio's communities, schools, hospitals and fire station...

Published:  Fri, 21 Sep 2018 04:57:00 GMT



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