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Debt Consolidation in Oklahoma

Oklahoma MapAmerican consumers owe in total the incomprehensible sum of $11.38 trillion, a debt that is an amalgamation of mortgages, student loans, credit card, and auto loans. Each of the different states owes different amounts and Oklahoma actually makes the top-ten list of states with the highest consumer or personal debt in the country. According to US consumer debt statistics, a shocking 25% of Americans have more credit card debt than money in their savings account and Oklahoma itself has a similar story.

Frequenting the top-ten list means that the average resident of Oklahoma owes a substantial amount of money via one or a combination of multiple types of debt. For many homeowners the mortgage is the main concern but others can find themselves owing in a whole range of areas including personal loans, auto loans and often student loans as well. The stress and pressure of staying on top of each individual debt and ensuring that payments are made on time each month can quickly and understandably become too overwhelming. Debt consolidation is one option that can help to provide some relief and reduce the overall cost of these monthly payments.

Despite these worrying facts and figures, Oklahoma has over the last few years experienced rapid growth of the economy, making it a potentially prosperous place to reside with an excellent standard of living. The main areas of industry that have and continue to contribute to the growth of local economy include aviation, telecommunications, biotechnology and energy. It is also an important producer of a range of products relating to agriculture as well as natural gas and oil. All of these factors have led to continued growth of the regions gross domestic product as well as personal income. Another advantage of living in the State of Oklahoma is the low tax burden, which is also one of the reasons that it was awarded the title of one of Americas most business friendly states.

Overall, Oklahoma was hit hard by the financial crisis but the growth in the economy is slowly easing the problem. As income increases and rates of unemployment continue to decrease, the issue relating to high levels of personal debt is sure to improve. Debt consolidation can for many be the reprieve that?s needed to help get on top of the situation and begin to work for the future instead of paying off the past.

 

Oklahoma City councilman resigns

Pettis was charged a week ago in Oklahoma County District Court with embezzlement and intentionally failing to file state tax returns. "It is with great sadness that I must submit this letter of resignation," Pettis wrote. The letter was received by the ...

Published:  Thu, 17 May 2018 10:41:00 GMT



Portland council, with business tax hike, OK's $5.1 billion budget

The Portland City Council unanimously approved a $5.1 billion annual city budget Wednesday, devoting substantial new sums to funding a city-county agency fighting homelessness and to the Portland Police Bureau, for hiring 49 new officers. Much of the ...

Published:  Wed, 16 May 2018 16:41:00 GMT



Teachers' group seeks to stop Oklahoma anti-tax question

OKLAHOMA CITY (AP) - A group representing Oklahoma teachers is asking the state's highest court to stop an effort to overturn a tax-hike package to fund teacher pay raises the Legislature approved amid a national uprising of educators seeking more ...

Published:  Mon, 14 May 2018 13:41:00 GMT



Teachers' group seeks to stop Oklahoma anti-tax question

A group representing Oklahoma teachers is asking the state's highest court to stop an effort to overturn a tax-hike package to fund teacher pay raises the Legislature approved amid a national uprising of educators seeking more classroom money. The ...

Published:  Tue, 15 May 2018 11:26:00 GMT



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