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      September 21, 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.


Cannabliss owner sentenced to 7 months in federal prison for tax crimes

As he was cheating on his taxes, Price was advising the Oregon Liquor Control Commission on appropriate rules for the state's recreational marijuana businesses, said Assistant U.S. Attorney Seth Uram. ...

Published:  Mon, 17 Sep 2018 13:28:00 GMT

DA: Oregon's first legal pot proprietor sentenced for tax crimes

PORTLAND, OR (KPTV) - Oregon's first legal pot proprietor was sentenced Monday to seven months in federal prison and ordered to pay more than $262,000 for willfully failing to file federal income tax ...

Published:  Mon, 17 Sep 2018 20:54:00 GMT

Don't preserve tax breaks and loopholes for Oregon special-interest groups

Don't preserve tax breaks and loopholes for Oregon special-interest groups Requiring a supermajority for routine Legislative business would create political gridlock. Check out this story on statesman...

Published:  Fri, 14 Sep 2018 16:53:00 GMT

Need a phony tax form or bank statement Too bad. Judge nixes fake docs on man's site

An Oregon man ran out of excuses Tuesday when a judge shuttered ... but passable bank statements, tax forms, car insurance cards and other documents. The website, which was started in 2013 according t...

Published:  Thu, 20 Sep 2018 18:23:00 GMT

Legal Pot Business Owner Sentenced for Federal Tax Crimes

(AP) - A part-owner and operator of medical marijuana dispensaries in Oregon was sentenced to seven months in prison Monday, marking what a prosecutor called the country's first federal sentencing of ...

Published:  Mon, 17 Sep 2018 14:10:00 GMT

Cannabliss Owner Who Helped Craft Oregon's Recreational Cannabis Rules Gets Seven Months in Prison For Tax Evasion

A federal judge sentenced the owner of Portland dispensary chain Cannabliss & Co. to seven months in prison for tax evasion. U.S. Attorney for the District of Oregon Billy Williams says Matthew Price ...

Published:  Mon, 17 Sep 2018 16:08:00 GMT

Racism looms in debate over tax hike to fund affordable housing

A City Club of Portland debate on Metro's $652.8 million affordable housing ballot measure quickly grew tense Friday with an attendee's question that confronted two panelists with accusations of privi...

Published:  Fri, 14 Sep 2018 16:49:00 GMT

Measure 104 will create tax accountability in Oregon Legislature

Measure 104 will create tax accountability in Oregon Legislature Writer believes supermajority amendment to state's constitution will force lawmakers to find bipartisan solutions to funding state gove...

Published:  Fri, 14 Sep 2018 16:53:00 GMT

Letter Questions Candidate's Credentials; Forest Service Hiring; Merkley Submits EV Tax Credit Bill; Fire and Ambulance Meeting Moved

If you are considering the purchase of an electric vehicle, steps are being taken in the U.S. Senate to extend the electric vehicle tax credit for ten years. Oregon senator Jeff Merkley, along with Se...

Published:  Tue, 18 Sep 2018 09:55:00 GMT

Oregon Supreme Court Upholds Corporate Income Tax Assessment on Out-of-State Capital One Affiliate Banks

DALLAS, Aug. 22, 2018 /PRNewswire/ -- In Capital One Auto Finance Inc. v. Department of Revenue, 1 the Oregon Supreme Court upheld the Tax Court decision that determined that two out-of-state affiliat...

Published:  Wed, 22 Aug 2018 15:25:00 GMT

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