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      September 18, 2018

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Debt Consolidation in Tennessee

Tennessee MapPaying off debt is no easy task and is one that requires time and most importantly expendable income. Unfortunately, the longer it takes to pay off a debt, the more you end up paying in interest and before you know it you can find yourself with a growing mountain of bills. During the recession, which hit Americans hard and came more or less out of the blue, many households found themselves taking a cut in wages or in the worse cases unexpectedly losing their jobs all together. For established households with monthly bills, children to feed and mortgages to pay the affect was catastrophic. Debt consolidation benefited many people across the country, helping them through the hardest times. The gravity of the situation was felt all over the country and Tennessee was no exception.

According to surveys and reports from USA Today, the average Tennessee household owes $42,378 in personal debt. While this figure seems like an incredible amount of debt to allow to build-up, it is worth considering that this figure is significantly below the national average of $53,850. This total is an amalgamation of a wide variety of amounts and types of debt, typically including mortgages, auto loans and credit card bills, but of course every household is different. It is generally believed that approximately 70% of personal debt is the mortgage, which some experts believe shouldn?t be counted as negative debt at all, as it is a form of loan that benefits each homeowner in the long run. It's also worth remembering that any household or individual resident of Tennessee with numerous kinds of debt may be able to take advantage of debt consolidation, which allows all existing loans and debts to be grouped together and treated as one lump sum. The primary benefit of this is that it often means reduced monthly payments.

Quality of life in Tennessee is considered to be high, with the mild climate, low cost of living and excellent variety of city, small town and farm life. Approximately 44% of Tennessee is farmland and as such agriculture is a very important part of the economy. The top revenue generators in the agriculture sector include beef cattle, chickens, soy bean products and cotton. The manufacturing of raw products such as those mentioned as well as a great deal more livestock and crops generate further income for the state Tennessee.


In reversal, Blackburn calls plan to increase federal tax on gas, diesel 'very thoughtful'

Blackburn also praised state lawmakers for passing a law last year that increased Tennessee's tax on gasoline and diesel fuel over a three-year period to help fund infrastructure projects throughout t...

Published:  Mon, 17 Sep 2018 12:50:00 GMT

New Developer Takes Over Mall Site That Has State Tax Aid

The new company, based in Chattanooga, Tennessee, says it has agreed with landowner Bob ... The state has granted a sales tax rebate worth $96 million to the project under a since-repealed tax provisi...

Published:  Sun, 16 Sep 2018 08:48:00 GMT

Dear Tennessee: Sorry about the "˜Illinois Exodus'

A graduated income tax under most scenarios Perunko has calculated would cost him another $900 at least. Meanwhile, their friends in Tennessee pay about $500 a year in property taxes on a much more ex...

Published:  Tue, 04 Sep 2018 04:01:00 GMT

Tennessee issues update on sales tax applicability in reaction to the recent Wayfair SCOTUS decision

The Tennessee Department of Revenue has just issued a special notice that provides some additional guidance regarding how Tennessee is reacting to the recent South Dakota vs. Wayfair U.S. Supreme Cour...

Published:  Fri, 07 Sep 2018 07:35:00 GMT

More Tax Trouble! Maci Bookout Hit With $12,000 Lien Amid Selling Tennessee Home

The tax trouble continues for Maci Bookout. can exclusively reveal the Teen Mom OG star is in serious tax debt. According to the Sacramento County Court Recorder's Office in ...

Published:  Tue, 04 Sep 2018 23:52:00 GMT

Rising fuel prices: TN Govt says onus on Centre to cut taxes

The Centre has said it will not cut excise duty on petrol and diesel to cushion the spiralling prices. The rising fuel prices have triggered a political debate, with the Congress announcing a nation-w...

Published:  Fri, 07 Sep 2018 01:29:00 GMT

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