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      July 19, 2018

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Debt Consolidation in Oregon

Oregon MapWith its diverse landscape featuring beaches, waterfalls, lakes, mountains and forests, Oregon is a truly beautiful place for long-term residents and holidaymakers alike. Tourism however is only a small part of the states economy, which also consists of agriculture, technology, forestry and fisheries. By GDP (gross domestic product) Oregon is ranked the 26th wealthiest state in the nation. It was also recently ranked as the Americas 'Top Moving Destination', as studies revealed that twice as many families or households were opting to move into Oregon compared to those who were moving out. The population continues to increase and with it the standard of life improves while the economy grows.

Although the average personal income is over $44,000, Oregon boasts a fairly high unemployment rate of 6.7%. Despite having an economy based upon a wide range of areas, the state wasn’t immune to the affects of the recent financial crisis. In fact many individuals, not to mention local businesses, struggled to stay afloat. The dot-com bust also had large affect on the regions previously flourishing technology sector with many businesses forced into bankruptcy and nearly all having to make employee cut backs. It goes without saying that paying off existing debt is made significantly harder when income is decreased or lost completely. Debt consolidation allowed some people to reduce their monthly payments and get back on top of their debts and expenditures.

Oregon, just like the rest of the United States, has high amounts of personal debt. Households owe money in a number of different areas including credit cards and student loans. In fact the average amount of student debt owed by individuals in Oregon is a massive $24,000 with some graduates owing as much as $50,000 and even $100,000. These figures were featured in the Federal Reserve Bank of New York’s Household Debt and Credit Report, which also revealed that of all of the credit history bearing residents of Oregon, 17.1% had some form of student loan contributing to their overall personal debt.

As if that wasn’t enough stress to take on, most Oregon households are not dealing purely or even primarily with student debt but also have the mortgage, credit card bills and auto loans to pay in full and on time each and every month in order to prevent their credit history from being negatively affected. Through debt consolidation, however it is possible to combine all debts into one easily manageable solution. Through reducing payments in this way and with the improving economy, it is likely that Oregon residents will successfully fight their way out of their personal debt.


Report knocks Oregon property tax system

SALEM - A new report from the Center for Budget and Policy Priorities is critical of Oregon's property tax limits, which could be a target of reform in 2019. The new report, released Wednesday, examin...

Published:  Wed, 18 Jul 2018 19:51:00 GMT

Small businesses had little input in Kate Brown's tax cut, records show

The emails, which were among the records released by the governor's office in response to a request by Oregon Public Broadcasting, reveal that the potential beneficiaries of the tax policy had little ...

Published:  Mon, 16 Jul 2018 18:17:00 GMT

Two statewide anti-tax measures headed to Oregon's Nov. 6 ballot

Oregonians will get to vote this November on two anti-tax measures, potentially two hot-button conservative issues, and - unusually - not a single liberal pet cause. And, on the local ballot, voters c...

Published:  Fri, 06 Jul 2018 19:11:00 GMT

Gov. Brown strikes tax compromise with business, labor

A union-backed measure that would have required disclosure of the Oregon tax payments of public companies won't be on the fall ballot. Oregon Gov. Kate Brown on Thursday struck a deal between the meas...

Published:  Fri, 06 Jul 2018 10:56:00 GMT

Tax And Anti-Immigration Measures See Movement As Filing Deadline Nears

Oregon Gov. Kate Brown has reached a deal with union and business officials to keep one controversial tax-related initiative off the state ballot in November. Meanwhile, a measure to overturn Oregon's ...

Published:  Thu, 05 Jul 2018 17:52:00 GMT

State Transit Taxes For Oregon Included In Newest ezPaycheck 2018 from developers were informed of the new statewide transit tax imposed for the state of Oregon. ezPaycheck payroll software has been updated and released to reflect these changes. The upd...

Published:  Mon, 09 Jul 2018 04:47:00 GMT

Oregon public employee unions drop corporate tax transparency initiative to focus on defensive ballot fights

Leaders of SEIU Local 503 and Oregon AFSCME announced July 6 that they decided to withdraw a ballot initiative that might have shed light on how much Oregon's biggest corporations pay in taxes. The an...

Published:  Fri, 13 Jul 2018 17:31:00 GMT

Tax Reform 2018

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Published:  Wed, 11 Jul 2018 14:15:00 GMT

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