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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.


Opportunity for Tennessee: Chuck Schwab expects more companies to flee high-tax states

The Charles Schwab annual meeting at the company's San Francisco headquarters this week provided an opportunity to ask one of the city's most prominent business leaders a question on the minds of many these days: Will a new California tax law capping ...

Published:  Thu, 17 May 2018 04:08:00 GMT

Sri Mulyani: Tax Revenue at Rp383.8tn per April

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati announced that the amount of tax revenues from April to January reached Rp383.3 trillion. The figure represents a 10.89 percent increase. "This shows that our tax revenue growth is still robust ...

Published:  Thu, 17 May 2018 05:28:00 GMT

Cookeville not planning on tax increase

When the Cookeville City Council considers a budget for the 2018-19 fiscal year next month, they won't be looking at a property tax increase.However, the city is at a point where leaders are looking a When the Cookeville City Council considers a budget for ...

Published:  Mon, 14 May 2018 13:10:00 GMT

Two Bristol Tennessee leaders want to raise property tax rate

Please log in, sign up for a new account and purchase a subscription to continue reading. Thank you for reading 11 free articles on our site. You can come back at the end of your 30-day period for another 11 free articles, or you can purchase a ...

Published:  Thu, 17 May 2018 21:39:00 GMT

Beijing fails to match US on tax cuts, as fiscal revenue soars in first four months to US$1.4tn

Despite Beijing's repeated promises to reduce the tax burden on companies and individuals, China's fiscal revenue in the first four months of 2018 surged 16.5 per cent from the same period of last year to 8.9 trillion yuan (US$1.4 trillion).

Published:  Tue, 15 May 2018 16:05:26 GMT

PARIS TN: County delinquent tax committee approves the sale of two Paris properties

Two parcels of delinquent tax real estate were approved for sale Thursday afternoon by the Henry County Delinquent Tax Committee. The committee first approved Bob L. Smith's offer of $625 for a lot on Yates Street. While the delinquent taxes totaled more ...

Published:  Thu, 17 May 2018 17:57:00 GMT

Tax day gives US government a $214.3 billion surplus in April

WASHINGTON (AP) - The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month's annual tax filing deadline. The Treasury Department reported Thursday that last month's surplus increased 17.4 ...

Published:  Thu, 10 May 2018 12:08:00 GMT

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