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Debt Consolidation in Texas

Texas MapFamous for its BBQs, chillies and hot weather amongst a great deal more, Texas is also a place of excellent economic growth and overall financial stability. However, as is the case all over America, no state is completely free from debt and most Texan households maintain some degree of debt throughout their lives. This debt is typically made up of a combination of different forms including credit card, student loans and mortgage.

Debt affects different people in different ways and most individuals and households are able to manage their finances successfully using different methods and strategies such as debt consolidation to simplify affairs. In Texas one of the most offending contributions to personal debt is credit card borrowing. Although the figures and statistics vary according to different sources, there is an overall agreement that credit card debt in Texas is slightly less than the national average.

The Gross State Product (GSP) of Texas is the second highest in America and is in fact larger than the GDP of most countries. The state economy is thriving with many factors contributing to its growing success. It's full of natural resources, has huge areas of land, flourishing cities and world-class institutes of education, all of which help the region to prosper.

While the residents certainly benefit from this with unemployment rates as low as 6.4% and average income of $36,484, it doesn?t make them immune from debt. Rather Texans continue to borrow, choosing to opt for personal loans, auto loans and mortgages all of which add up to some significant sums. Debt consolidation remains a popular way to reduce monthly payments and begin to reduce the total amount owed.


Texas man who spent $20M of employees' taxes on luxury cars, vacations gets 30 months in prison

A Houston-area man will spend 30 months in jail and must pay more than $20 million to the IRS after he admitted using the money to fund a lavish lifestyle instead of paying employment taxes. Jonathan ...

Published:  Mon, 18 Feb 2019 12:27:00 GMT

Texas community colleges warn they may consider tuition hikes in the face of property tax reform

The community colleges that educate about half the state's higher education students are warning of possible tuition hikes if the Texas Legislature enacts its sweeping property tax proposal. The high- ...

Published:  Tue, 19 Feb 2019 11:29:00 GMT

Google reaped millions in tax breaks as it secretly expanded its real estate footprint across the U.S.

Last May, officials in Midlothian, Texas, a city near Dallas, approved more than $10 million in tax breaks for a huge, mysterious new development across from a shuttered Toys R Us warehouse. That day ...

Published:  Tue, 19 Feb 2019 05:11:00 GMT

Texas oil and natural gas industry paid more than $14 billion in taxes, royalties in 2018

The Texas oil and natural gas industry paid more than $14 billion in state and local taxes and state royalties in fiscal year 2018, up 27 percent from fiscal year 2017, and the second-highest total in ...

Published:  Sun, 17 Feb 2019 17:00:00 GMT

Gov. Lee plans to end the gym tax in Tennessee

... an income tax or a singular industry to tax (Florida taxes tourists instead of an income tax, Texas taxes oil instead of an income tax). So Tennessee has traditionally counted on a web of ...

Published:  Tue, 19 Feb 2019 11:31:00 GMT

Days after heated meeting, Texas Senate property tax committee passes 2.5-percent rollback rate bill

The 86th Legislature runs from Jan. 8 to May 27. From the state budget to health care to education policy - and the politics behind it all - we focus on what Texans need to know about the biennial leg...

Published:  Mon, 11 Feb 2019 15:13:00 GMT

Bad tax ideas abound in Texas and the U.S.

We've seen a couple scurrying across the floor at our office in the last week or so. I don't like them any more than I like mosquitoes or houseflies. When I see one, I scoop it up and send him for a s...

Published:  Fri, 15 Feb 2019 22:00:00 GMT

Texas This Week: Property tax reform bill analysis

AUSTIN, Texas - This week, the Senate Committee on Property Taxes voted to send a property tax reform bill, the committee substitute to Senate Bill 2 (SB2), to the full Senate for a vote. The bill red...

Published:  Sun, 17 Feb 2019 18:08:00 GMT

Texas Is The 20th Most 'Tax-Friendly' For Middle Class: Study

Texas is the 20th most tax-friendly state in the country for the middle class. That's according to a study published Wednesday by the personal finance site GOBankingRates. State and local income ...

Published:  Thu, 14 Feb 2019 05:23:00 GMT

Lawmakers hear testimony on lowering food sales tax in Kansas

Kansas lawmakers have begun hearing testimony on the possibility of lowering the state tax on food sales ... 18, is being held in Texas on a warrant stemming from three incidents in Arkansas City in N...

Published:  Tue, 19 Feb 2019 10:23:00 GMT

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