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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 eager to spend sales tax windfall, however modest, from online retailers

AUSTIN - The U.S. Supreme Court may have freed up states to collect more sales tax on internet shopping, but the ruling probably won't result in a huge windfall for Texas. Still, the new money could h...

Published:  Mon, 09 Jul 2018 05:00:00 GMT

$550 million Texas natural gas project gets tax abatements from Nueces County

A $550 million natural gas liquids separation project received eight years of tax abatements from Nueces County. The Houston company Permico Midstream Partners' Texas NGL Project includes a natural ga...

Published:  Fri, 13 Jul 2018 03:31:00 GMT

Texas' frozen gas tax thawed by Propositions 1 and 7

Texas' 20-cent gas tax now is among the nation's lowest, but state roads are benefiting from other added taxes. The city of Austin, looking for a more walkable downtown, this week will convert Colorad...

Published:  Sat, 14 Jul 2018 22:27:00 GMT

Oil and sales tax revenues up as Texas pulls in $2.7B more than expected

Texas state revenue is $2.7 billion more than anticipated, with sales and use tax collections up 10 percent from last year, and tax collections from oil and natural gas production also above last year ...

Published:  Wed, 11 Jul 2018 19:50:00 GMT

Texas bikini bars fight seven-figure "˜pole tax' bills, saying they aren't strip clubs

AUSTIN - Baring a little too much skin can be costly in Texas. Dozens of "bikini bars" from Houston to San Antonio are suing the state after the Texas Comptroller accused them of skirting the so-calle...

Published:  Fri, 13 Jul 2018 15:16:00 GMT

Texas sales tax revenue sees jump

Texas witnessed a 13.7 percent increase in sales tax revenue between June 2017 and June 2018, according to a news release. Texas Comptroller Glenn Hegar said in the release the increased revenue came ...

Published:  Tue, 03 Jul 2018 13:28:00 GMT

Texas Panel Denies Silicon Labs $1.49M Sales Tax Refund

Law360 (July 13, 2018, 7:55 PM EDT) -- A Texas appeals panel upheld a trial court's denial of a $1.49 million sales and use tax refund claim by Silicon Laboratories Inc. on Friday, saying state law do...

Published:  Fri, 13 Jul 2018 17:03:00 GMT

State has $2.8 billion more to spend, Texas comptroller estimates

With unemployment at historic lows - Texas added more than 350,000 new jobs in the 12 months ending in May 2018 - more Texans were buying goods and paying sales taxes. Through June, sales tax collecti...

Published:  Wed, 11 Jul 2018 15:20:00 GMT

Midland collects over $4M for July sales tax

The amount, based on tax income from May sales ... pitcher Jesus Luzardo joined the 'Hounds in late April and less than two months later became a Texas League All-Star. Midland RockHounds left-handed ...

Published:  Thu, 12 Jul 2018 08:25:00 GMT

Texas lets seniors, disabled defer property taxes, but few mortgage companies allow it

Like many Texas seniors, local retiree Guy Miller started deferring payment of his property taxes when he turned 65 to help him live on the limited income supplied by his social security checks and hi...

Published:  Fri, 06 Jul 2018 11:00:00 GMT

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