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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.


Tennessee Now Has the Highest Sales Tax in the Country

Tennessee now has the highest sales tax in the country, with an average combined local/state rate of 9.46 percent. The jump from second to first came after Louisiana legislators lowered the state's ra...

Published:  Thu, 19 Jul 2018 13:51:00 GMT

Tennessee's Sales Tax is the Highest in the Country

Tennessee no longer has the second highest sales tax rate in the country. It's now the highest - if only slightly. That designation before July 1st belonged to Louisiana, which had and average local a...

Published:  Thu, 19 Jul 2018 04:50:00 GMT

Tennessee has the highest sales tax in the nation

Tennessee just beat out Louisiana for a new state title: highest sales tax in the U.S. Tennessee has a combined state and local sales tax of 9.46 percent, according to a new report from the Tax Founda...

Published:  Thu, 19 Jul 2018 03:18:00 GMT

Louisiana, Tennessee in close contest for highest sales tax rate

After two years of carrying the highest average sales tax rate in the country, Louisiana has a shot of losing that title to Tennessee, though the two states are expected to have rates that are virtual...

Published:  Tue, 10 Jul 2018 17:01:00 GMT

Laguna makes it official: Sales tax for utilities undergrounding will be on fall ballot

It's official: Laguna Beach voters will consider a tax measure this fall intended to pay for placing utility lines underground along Laguna Canyon Road and improving other key evacuation routes for fi...

Published:  Wed, 18 Jul 2018 20:20:00 GMT

TN sales tax holiday: When is it What are the rules

This year's Tennessee sales tax holiday, during which certain items can be purchased tax-free, will be July 27-29. Exempt items include clothing, school supplies and school art supplies, as long as ea...

Published:  Fri, 06 Jul 2018 19:04:00 GMT

Pony up: State should reveal corporate incentives

To lure New York financial giant AllianceBernstein and its 1,000 jobs to Nashville, Tennessee lawmakers passed a new state tax law, state economic development officials offered a $17.5 million jobs gr...

Published:  Fri, 13 Jul 2018 02:00:00 GMT

Tennessee Has The Highest Sales Tax Rate In The Nation

BATON ROUGE, La. (AP) - Tennessee now has the highest average sales tax rate in the nation. Tennessee has narrowly edged out Louisiana for the top spot with an average state and local combined sales t...

Published:  Wed, 18 Jul 2018 07:34:00 GMT

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