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      November 14, 2018

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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.


Bill filing for 2019 session begins with legislation on marijuana, taxes and daylight saving time

Bob Daemmrich for The Texas Tribune The Texas Legislature's newest incoming ... Terry Canales, D-Edinburg, the bill would exempt college textbooks from sales taxes during one week in August and one we...

Published:  Mon, 12 Nov 2018 09:46:00 GMT

California exodus to Texas raises fears of worsening traffic, higher taxes

The prospect that even more people living in the San Francisco Bay Area will decide to move to Texas is triggering concern, at least among Texans, that the Lone Star State is destined to become Califo...

Published:  Wed, 07 Nov 2018 10:59:00 GMT

Will voters approve higher taxes for Dallas schools

Who's behind the push for school tax increases in North Texas She pointed to new efforts adopted by the district in the past year to address parity, including the creation of the Racial Equity Office ...

Published:  Mon, 05 Nov 2018 15:07:00 GMT

Ecopetrol Seeks $20M From Texas Co. For Peruvian Tax Bill

Law360 (October 31, 2018, 9:08 PM EDT) -- Ecopetrol SA asked a New York federal court Tuesday to confirm an arbitration award ordering Offshore Exploration and Production LLC to pay it back for a tax ...

Published:  Wed, 31 Oct 2018 18:17:00 GMT

Occupy and pay taxes on land, and it could become yours

A: The attorney was correct that adverse possession exists in Texas. However, the number of years was a little ... and also has been paying the property taxes. There is a 10-year period if a person ha...

Published:  Fri, 02 Nov 2018 10:08:00 GMT

Gov. Greg Abbott pushes for limit on school property tax hikes

His "education and tax reform" proposal, first reported by the Texas Tribune, includes raising wages for high-performing teachers who opt to teach in low-performing schools and incentivizing schools f...

Published:  Fri, 02 Nov 2018 18:41:00 GMT

Colleyville sees boost in sales tax despite construction on Colleyville Boulevard

The $38.2 million project to widen Texas 26 to six lanes should be finished in 2019 ... and Wood said the program has helped to bring in more sales taxes. The city has issued grants for advertising, g...

Published:  Wed, 07 Nov 2018 11:31:00 GMT

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