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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.

 

6 Philadelphia Women Sentenced For Tax Scheme

According to First Assistant United States Attorney Jennifer Arbittier Williams, the six women all pleaded guilty and admitted to being involved in a scheme to file false federal income tax ...

Published:  Fri, 16 Nov 2018 10:26:00 GMT



She lost the election to a dead woman. Pa. court refuses to give her the tax collector job

Ashley S. Ryckman insisted she should be declared the winner of the 2017 election for South Shenango Township tax collector. The Democrat conceded she didn't get the most votes. Yet, Ryckman argued, s...

Published:  Fri, 16 Nov 2018 10:02:00 GMT



Pennsylvania, Philadelphia offered more than $5B in tax incentives for Amazon HQ2

For the past year, Pennsylvania state and local officials have touted the strength of the commonwealth's bid for the much-anticipated Amazon HQ2 - a second headquarters for the dominant online retaile...

Published:  Thu, 15 Nov 2018 09:18:00 GMT



Global Tax Management's Ryan Lynch and Client Sonepar Named Thomson Reuters 2018 Taxologists of the Year

WAYNE, Pa., Nov. 16, 2018 /PRNewswire/ -- Global Tax Management is pleased to announce that Ryan Lynch, Managing Director of its Tax Automation Services (TAS) practice, has been recognized by Thomson ...

Published:  Fri, 16 Nov 2018 03:47:00 GMT



Readers React: Pa. fuel tax dollars were no help with snowstorm's gridlock

Thank you, Pennsylvania government, for the highest gas and highway taxes in the nation for such outstanding care in anticipation of the latest snow event. Gridlock everywhere since those tax dollars ...

Published:  Fri, 16 Nov 2018 08:41:00 GMT



Hollywood Casino Takes First Legal Sports Bets in Pennsylvania During Live Test Days

Pennsylvania appears as though it will have a vibrant sports ... which include a $10 million licensing fee and a 36 percent tax rate, far higher than in other states. But even that expensive price tag ...

Published:  Fri, 16 Nov 2018 11:40:00 GMT



Pennsylvania Liquor Control Board Celebrates Grand Opening of Fine Wine & Good Spirits in Millvale, Allegheny County

Taxes and store profits - totaling $16.5 billion since the agency's inception - are returned to Pennsylvania's General Fund, which finances Pennsylvania's schools, health and human services programs, ...

Published:  Fri, 16 Nov 2018 10:09:00 GMT



Erie mayor says no to business tax, considers amusement levy

Erie would not have been alone in imposing what's essentially a business privilege tax. Allentown, Harrisburg, Reading, Williamsport and York are among several Pennsylvania cities that impose a simila...

Published:  Thu, 15 Nov 2018 23:24:00 GMT



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