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      November 13, 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.


No Tax Hike In Proposed Lower Merion Township 2019 Budget

LOWER MERION TOWNSHIP, PA - Good news Lower Merion Township property owners: township officials are recommending another budget without a property tax increase. The proposed 2019 Lower Merion ...

Published:  Mon, 12 Nov 2018 06:35:00 GMT

Antrim proposes to continue without property taxes

GREENCASTLE, Pa. - If all goes as expected, Antrim Township will not need a property tax for the 11th year in a row in order to operate in 2019. Township officials have been working on a proposed spen...

Published:  Mon, 12 Nov 2018 16:48:00 GMT

Will Pennsylvania's New Hotel Tax Law Ensnare Some Travel Agents

The bill's competitive impact on travel agents working could be a mixed bag. Photo: When travelers book a hotel in Pennsylvania, every merchant of record is now required to apply the ...

Published:  Thu, 01 Nov 2018 13:01:00 GMT

Israel threatening to send PA tax money straight to Gaza - Palestinian official

Israel has told the Palestinian Authority that it could take tax revenues collected on Ramallah's behalf and send it to Gaza to offset money Mahmoud Abbas's government has threatened to withhold from ...

Published:  Mon, 05 Nov 2018 00:11:00 GMT

Scott Wagner concedes Pa. Gov. race but asks Wolf to push for property tax relief

Scott Wagner campaigned for governor on a promise to eradicate school taxes. While the election didn't go his way, Wagner continued his push against school property taxes in his concession speech Tues...

Published:  Tue, 06 Nov 2018 20:32:00 GMT

Wolf claims second term, hopes to be joined by more tax-friendly Democrats in Harrisburg

When Pennsylvania Gov. Tom Wolf begins his second term in office, the York County Democrat will likely have something he craved in his first term - a Legislature friendlier to his signature proposal t...

Published:  Tue, 06 Nov 2018 17:47:00 GMT

Bensalem Approves Tax Increase For Fire Companies (ICYMI)

BENSALEM, PA - Fire companies in Bensalem will be getting a financial boost after voters on Tuesday approved a tax increase to benefit them. The referendum, which called for a one-mill property ...

Published:  Sat, 10 Nov 2018 08:04:00 GMT

Whitaker may have violated group's tax-exempt status

Whitaker, the nation's new acting attorney general, repeatedly chided presidential candidate Hillary Clinton in public statements during 2016 while he was speaking for a group that is barred by its ta...

Published:  Sun, 11 Nov 2018 15:24:00 GMT

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