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Debt Consolidation in Utah

Utah MapIn a recent report from the U.S Census Bureau, it was suggested that Utah has the second fastest growing population out of all of the states in America and a flourishing economy to match. Unfortunately, this increase in population and economy doesnít mean that the residents of Utah are free from personal debt, and in fact levels of consumer debt remain as prevalent today as ever. The recession is largely to blame with the sudden and unexpected financial crisis having an ongoing and long-term affect on the majority of typical Utah households.

Statistics provided by USA Today suggest that the average personal debt in Utah is actually higher than the national average at $62,969. This is nearly $10,000 above the American norm, but the significant difference is balanced out somewhat by higher than standard household incomes. A large percentage of this figure is likely to be the mortgage and according to the same source, the median price of a home in Utah is $202, 616. Naturally, a mortgage isnít the only way in which residents of Utah borrow money and credit card debt, student loans and auto loans also play a significant part. Combining all borrowed money through debt consolidation has been a popular method of regaining control over monthly repayments since the recession and continues to be widely beneficial today.

The economy of Utah is fairly diverse with a number of varying industries contributing to the GSP and wealth of the state. Tourism is a huge industry in Utah and is particularly popular for its recreational outdoor activities. The state is home to five impressive national parks and seven national monuments, all of which have a great deal to offer tourists and local residents alike. Outdoor sports and activities are abundant throughout the year with winter sports including skiing and snowboarding and summer sports such as camping, hiking and mountain biking. Mining and farming also play essential roles in the regions economy with the bulk of agricultural income coming from livestock.


Canopy Extends Latest Funding Round to $42 Million to Streamline the Tax Process

Lehi-Canopy, the leading cloud-based practice management platform for tax and accounting professionals, announced an extension to their latest funding round led by NEA, bringing the total round to $42 million. This additional injection, provided by ...

Published:  Wed, 16 May 2018 15:07:00 GMT

Seattle backs tax on companies like Amazon to help homeless

SEATTLE (AP) - Seattle leaders on Monday unanimously approved a tax on large businesses such as Amazon and Starbucks to fund the fight against homelessness after weeks of heated debate and raucous hearings. The City Council backed a compromise plan that ...

Published:  Mon, 14 May 2018 17:44:00 GMT

Rocky Mountain Power to pass tax savings to Utah customers

SALT LAKE CITY (AP) - Utah's largest electric utility has been granted permission to pass on its federal tax savings to its customers. The Salt Lake Tribune reports state regulators are allowing Rocky Mountain Power to pass on its savings in the form of ...

Published:  Fri, 11 May 2018 11:02:00 GMT

Cache County Officials Approve Sales Tax Increase

LOGAN, Utah (AP) - Officials in a northern Utah county have adopted a one-quarter of 1 percent tax increase to fund transportation projects. The Herald Journal reports the Cache County Council voted Tuesday to approve the tax increase, which will raise ...

Published:  Wed, 09 May 2018 09:14:00 GMT

Right On: Economy booms, rich pay more taxes

OPINION - Southern Utah and the rest of the country are finally rebounding from the Obama administration's stunted recovery. Credit belongs to reining in nanny-state federal regulations and to Republican tax reform. No longer smothered by picayune ...

Published:  Thu, 17 May 2018 14:25:00 GMT

Baltimore's Top Cop Resigns Days After Being Charged With Not Filing Tax Returns

Baltimore Police Commissioner Darryl De Sousa resigned Tuesday, days after federal prosecutors charged him with failing to file three years of federal tax returns. Mayor Catherine Pugh announced she has accepted De Sousa's resignation and launched a ...

Published:  Tue, 15 May 2018 13:44:00 GMT

Some Utah cities pushing back against a transportation tax hike. But will it be enough

SALT LAKE CITY - The power to resurrect the once-failed $58 million sales tax hike for transportation projects lies in the hands of city leaders. And while Salt Lake County's biggest city expects to throw its weight behind the measure, some leaders from ...

Published:  Sat, 05 May 2018 10:22:00 GMT

Utah quietly inks deals with more online retailers to collect sales tax

SALT LAKE CITY -- If you do a lot of online shopping, you may find yourself shelling out a little extra money for sales tax. The Utah Tax Commission has been quietly inking deals with more online retailers to start collecting sales tax for purchases.

Published:  Fri, 04 May 2018 14:13:00 GMT

BOSS talks expiring tax benefits for 10,000 baby boomers turning 65 each day

Knowing how and when to withdraw money is critical and boils down to the difference between tax planning and tax preparation: Tax preparation - meet with your CPA or your accountant at the end of the year vs. Tax planning - start now to save money on your ...

Published:  Wed, 09 May 2018 09:38:00 GMT

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