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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.

 

Gehrke: The tax task is looking like it will be a bigger lift than lawmakers are able to muster

According to Gov. Gary Herbert, Utah could fall off a "fiscal cliff" if it doesn't fix its sales tax problem and both he and legislative leaders are making averting that catastrophe their top priority ...

Published:  Mon, 18 Feb 2019 06:12:00 GMT



"ėExtremely shocked': Utah families hit hard, paying more under new tax law

SALT LAKE CITY - Tax season is turning into a tax nightmare for many Utah families, especially those with more than two children, as they discover a significant jump in state income taxes. "I'm paying ...

Published:  Tue, 12 Feb 2019 07:21:00 GMT



First look at Utah tax reform plan coming; expect no sales taxes on medical, real estate services and tuition

SALT LAKE CITY - Republican lawmakers in the House and Senate will get their first look during their caucus meetings on Thursday at a tax reform plan that will include new taxes on services. So far, b...

Published:  Wed, 13 Feb 2019 14:37:00 GMT



Everybody is watching: Understanding big tech's big tax breaks

This is mostly true - but sometimes, large corporations also influence the political discourse, the way Facebook did when it was caught secretly helping push through a data center tax break law in Uta...

Published:  Mon, 18 Feb 2019 10:23:00 GMT



Utah's Governor Seeks Sales Tax Reform

Utah Governor Gary Herbert can claim many accolades. He boasts a 70 percent approval rating, higher than any major officeholder in the state. He is only the third Utah governor to serve more than eigh...

Published:  Wed, 13 Feb 2019 15:26:00 GMT



A Man in Florida Mistakenly Received a $980,000 Tax Refund, and Officials Say He Tried to Keep It

The average tax refund is usually a couple of thousand dollars ... showing $1,399 in income from Sizzling Platter, a restaurant in Murray, Utah, and no withholding, the complaint said. Robert Marvin, ...

Published:  Sat, 16 Feb 2019 11:13:00 GMT



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