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      July 16, 2018

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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 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.


Changes needed in Ohio's tax policy: Zach Schiller (Opinion)

Ohio needs a new tax policy, one that raises the revenue needed to provide excellent schools and treatment for Ohioans caught in the state's drug epidemic. We need to invest in pre-Keducation, which w...

Published:  Sun, 15 Jul 2018 09:38:00 GMT

Proposed Ohio tax credit would target 'transformational' mixed-use developments

A bill winding its way through the Statehouse would bring a new tax credit for developers planning large-scale construction. The credit is focused on the biggest kinds of developments - eligible proje...

Published:  Thu, 12 Jul 2018 06:49:00 GMT

County sales tax has fluctuated

but the majority of the revenue from the tax is sent back to the state. Columbus takes 5.75 percent and Trumbull County takes 1 percent. County commissioners in Ohio have the ability to impose a 1 per...

Published:  Sun, 15 Jul 2018 01:35:00 GMT

Guest editorial (Parkersburg) On carbon tax, US cannot afford Canada's mistake

So, if a $50 (American dollars) per ton tax was added in the United States, some households here in the Mid-Ohio Valley could absorb an extra $853 per year - though even for those folks, $2,240 would ...

Published:  Sun, 15 Jul 2018 19:18:00 GMT

4795 Travertine Way, Akron, OH 44333

In looking at 4795 Travertine Way, Akron, OH 44333, you're trying to find a place you can truly call home. Every property is unique, and whether it's a townhome, condo, house or another kind of proper...

Published:  Sat, 14 Jul 2018 04:16:00 GMT

Column: Sales Tax for School Construction Still Shameful.

Their property tax savings would be orders of magnitude more than $8 per month. Walmart They pay employees so little that a high percentage are on food stamps. Recent surveys determined 15 percent of ...

Published:  Sat, 14 Jul 2018 11:30:00 GMT

Trump tariffs produce winners, losers, and worriers in Ohio

They are fearing retaliatory tariffs will make Ohio exports too expensive to sell abroad. Manufacturers, who rely on imported steel for products made locally, say the tax will cut into profits. But so...

Published:  Sun, 15 Jul 2018 07:03:00 GMT

Study: 5 Ohio cities among the 50 worst cities to live in

That includes lower housing costs and, with less taxes available to support it, a low-performing public school system. Youngstown is the second Ohio city to place in amongst the top ten poorest cities ...

Published:  Fri, 13 Jul 2018 07:22:00 GMT

Ohio officer pleads not guilty to soliciting sex from minor

NORTHGATE, Ohio - An Ohio police officer charged with soliciting sex ... would place the repeal of a recent county sales tax increase on the same ballot with his name in November. But Doug Barry's opp...

Published:  Fri, 13 Jul 2018 10:20:00 GMT

East Muskingum School Board grants tax abatement to 5B's

The board approved the tax abatement. Although it is a reduction from what the ... In other business, the board recognized rising freshman Noah Larrick for receiving the highest score in Ohio on the A...

Published:  Thu, 12 Jul 2018 18:08:00 GMT

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