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      September 21, 2018

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Debt Consolidation in Pennsylvania

Pennsylvania MapPennsylvania is the 6th most populous state in the US, with many of their residents living in one of the three major cities, Philadelphia, Pittsburgh and Allentown. It was one of the 13 original founding states of the United States, and today it's citizens continue to be more financially responsible than the national average. Ranked 8th out of the all of the states for positive credit health, most residents of Pennsylvania are able to enjoy smaller mortgages, lower rates of credit card debt and generally more financial stability. However, as with all highs and success stories there will always be some lows or pitfalls, and Pennsylvania is not completely free from the burden of debt.

Credit card debt throughout the state has mimicked a roller coaster ride over recent years, but even so it has never reached or exceeded the national average of $2820. When reaching their peak balance on plastic spending at $3,350, the issue was quickly addressed and the total spending rapidly reduced over four years by 19%. Another debt that is lower in Pennsylvania than that of its national counterpart is household mortgage. This is a type of debt that can always be included in debt consolidation to great benefits and to further reduce the pressure of loan repayments. Statistics suggest that Pennsylvanians actually have a mortgage obligation that is lower than that of the average American by $9000. However, this significant sum may be a result of previous high foreclosure rates that could be marring the figures.

One of the earlier mentioned pitfalls of Pennsylvania's financial status is that of student loan debt. Where the average student debt across America is $3,750, the state norm is rather large at $4460, a massive 20% more. However, this significant difference can be explained by the higher percentage of young Pennsylvanians who hold college degrees, compared to the percentage of the same age people with similar qualifications across the nation. Residents of Pennsylvania may find that through combining their student loans with any other outstanding balances through debt consolidation, their burden can be reduced.


Pa. at forefront of gubernatorial tax-return battle

HARRISBURG - The candidate had just chided the media minutes earlier for not being tougher on his opponent when the moderator asked him what might be his least favorite campaign question: Why won't yo...

Published:  Thu, 20 Sep 2018 15:03:00 GMT

Trio of new reports show pattern of high taxation in Pennsylvania

... offers an opportunity to index three different kinds of taxes and create a sort of meta-ranking of the states. A analysis of the reports shows that when it comes to Pennsylvania, "all ...

Published:  Thu, 20 Sep 2018 04:51:00 GMT

Releasing Tax Returns an Issue Again - in Governor's Races

HARRISBURG, Pa. (AP) - Races for governor this year have echoes of one aspect of the 2016 presidential race. In several states, candidates are refusing to release their tax returns. That's true even i...

Published:  Thu, 20 Sep 2018 06:05:00 GMT

Planned bill would create tax credit program for Pa businesses

A Lancaster state senator said he plans to introduce a bill that will create a new tax credit program for businesses in order to raise millions of dollars in funding for pediatric cancer research. Sen ...

Published:  Thu, 20 Sep 2018 13:08:00 GMT

Early Results of Philly Soda Tax Show Mixed Impact on Buying Habits

Philadelphia's tax on soda and other sweetened drinks was upheld that ... sweetened beverages and diet drinks in comparable stores in Philadelphia and surrounding Pennsylvania counties. The second stu...

Published:  Thu, 20 Sep 2018 07:17:00 GMT

State Migration Increasingly Driven by Taxes

The only high-tax state that saw in-migration was Maine ... New York, North Dakota, Pennsylvania, and West Virginia. The top 12 destinations for these taxpayers are Arizona, Colorado, Florida ...

Published:  Wed, 19 Sep 2018 21:15:00 GMT

Upgrading to Tax Reform 2.0

Frank Kelly, Pennsylvania Republican. The third component of Tax Reform 2.0: Encourage new businesses by lowering start-up costs. Under current law, new businesses can deduct only up to $5,000 of thei...

Published:  Mon, 17 Sep 2018 18:34:00 GMT

PA Gov: Wagner Courts Philly Voters, Wolf Goes Country

"Pennsylvania is the only gas-producing state in the nation that does not have a severance tax, and it's because of Harrisburg insiders like Scott Wagner," Hand said. "Wagner blocked a commonsense sev...

Published:  Wed, 19 Sep 2018 14:41:00 GMT

PA Lottery Cash 5 Jackpot of $400,000 Won in Beaver County

The Pennsylvania Lottery remains the only state lottery to direct all proceeds to programs that benefit older residents. Since ticket sales began in 1972, it has contributed $29 billion to fund proper...

Published:  Thu, 20 Sep 2018 06:50:00 GMT

Daily Mail editorial: West Virginia can't afford to tax itself out of business

Ohio with a 1.25 percent tax, and Pennsylvania's 2.9 percent impact fee. The state's extraction industry, particularly natural gas, is driving growth in West Virginia. Making the industry noncompetiti...

Published:  Tue, 18 Sep 2018 17:00:00 GMT

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