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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.

 

Pennsylvania's tax on online sales is making millions more than expected. Here's why.

Taxes on internet sales have created a small windfall for Pennsylvania, according to state officials - thanks to a U.S. Supreme Court ruling and the rapid growth of online retail. The state's ...

Published:  Wed, 24 Apr 2019 02:11:00 GMT



Bill proposes tax break for Olympians in Pennsylvania

Pa. would join the group of states with similar income tax exemptions already in place. (Harrisburg) -- One Pennsylvania lawmaker wants to exempt athletes from state income taxes on Olympic medals and ...

Published:  Tue, 23 Apr 2019 01:55:00 GMT



Growing Pains for States' Online-Sales-Tax Plans

Other states like Pennsylvania, South Carolina ... partner-in-charge of the business advisory firm Aprio's state and local tax practice. "Do [sales tax]-exempt sales count? Do sales by nonprofits ...

Published:  Wed, 24 Apr 2019 17:42:00 GMT



Advocacy group warns federal gas tax hike would have negative impact for Pennsylvania taxpayers

A nonprofit organization recently put out an open call to Pennsylvania lawmakers and implored them to steer clear of a proposed increase in the federal gas tax. President Donald Trump has called for a ...

Published:  Mon, 22 Apr 2019 12:59:00 GMT



House committee hears testimony on brewery tax set to take effect

BETHEL PARK - Officials of the Pennsylvania Department of Revenue told a state House Liquor Control Committee hearing Tuesday at a craft brewery in a Pittsburgh South Hills suburb that "a ...

Published:  Wed, 24 Apr 2019 07:57:00 GMT



Penn. Jury Convicts Ex-Biofuel Co. Execs Of $10M Tax Fraud

A Pennsylvania federal jury has convicted a biofuels company and its former owners of defrauding the U.S. Environmental Protection Agency by lying about how much biodiesel they were creating to claim ...

Published:  Wed, 24 Apr 2019 13:55:00 GMT



Democrats endorse a Philly judicial candidate whose unpaid tax bill totaled $119,000

In Pennsylvania, Common Pleas is the court of general trial ... Reich, partner and chair emeritus at Fox Rothschild LLP who teaches ethics at Penn Law. "They should pay their taxes when they're due," ...

Published:  Wed, 24 Apr 2019 13:38:00 GMT



Metzgar's inheritance tax bill passes the House - again

The measure was referred to the Senate Finance Committee on Monday. The bill looks to correct an issue from 2000 when the Pennsylvania inheritance tax law was amended. Basically, if a parent - natural ...

Published:  Wed, 24 Apr 2019 18:23:00 GMT



Liquor Control hearing to address Pennsylvania's taproom tax

TribLIVE's Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox. A public hearing examining a new beer tax in Pennsylvania is set for Tuesday ...

Published:  Wed, 17 Apr 2019 15:33:00 GMT



Gov. Wolf's proposal to Restore Pennsylvania with natural gas severance tax makes sense [opinion]

In January, Pennsylvania Gov. Tom Wolf announced a new infrastructure initiative called Restore Pennsylvania. The plan, per a release from his office, would "invest $4.5 billion over the next ...

Published:  Fri, 19 Apr 2019 04:03:00 GMT



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