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      May 22, 2018

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Debt Consolidation in Vermont

Vermont MapAs one of the smaller states in the United States, Vermont has the 2nd smallest population compared with all of the other states in the country. Because of the small population, it might be easy to assume that Vermont doesnít have as many difficulties with personal debt. But, the truth is that there are many Vermont residents looking for a solution to overcome their personal debt struggles, and they often turn to debt consolidation as a solution to help them dig out of the hole of financial bondage.

Vermont is the leading provider of maple syrup, which is a big part of the industry in the state. Even though the demand for maple syrup stays high, there are some employees who have found themselves in personal debt because they spent more money than what they earned.

The economy in Vermont has actually been stagnant in recent years, and the Bureau of Economic Analysis reported that the gross state product of Vermont is the lowest in the country. Because of the low revenues, it is harder for people to find a job that pays enough to cover their living expenses.

People who are living paycheck to paycheck can have a hard time dealing with unexpected financial burdens such as medical expenses, unemployment, or even the regular financial burdens of raising a family and maintaining a home.

If you live in Vermont and you have found yourself in the position where you are having a hard time getting out of debt, then you might consider debt consolidation. This process involves consolidating all of your loans into one easy monthly payment, so that you can afford the required payments and you donít have to worry about dealing with multiple creditors every month.

Taking control of your financial future is a great way to relieve the burden that you are experiencing each month, and many people find that their stress is greatly reduced when they decide to consolidate their loans.


Nonprofits concerned about impact of tax bill

Rep. Janet Ancel, chair of the House Ways and Means Committee. Photo by Mike Dougherty/VTDigger Proposed changes to Vermont's income tax code have nonprofit leaders concerned about the future of the large donations on which they rely. In the income tax ...

Published:  Fri, 18 May 2018 10:50:00 GMT

Vermont Legislature 2018: What passed

The tax bill, H. 911, adjusts Vermont income tax rates and rules to offset federal changes that would have caused Vermonters to pay more state tax. One of the changes is a 5 percent tax credit for charitable contributions up to $20,000. The bill also ...

Published:  Sat, 19 May 2018 13:13:00 GMT

How Seven Under-the-Radar Proposals Fared in Vermont's Legislative Session

so there will be a Round 2 to this," she said. Vermont is one of only four states that tax Social Security benefits, according to AARP, an interest group representing people age 50 and older. In his budget address, Scott proposed phasing out that tax over ...

Published:  Wed, 16 May 2018 07:40:00 GMT

Vermont GOP Governor Reconfirms Veto Plans; Dems Stand Firm

Scott would like to see this money used to pay down future property taxes, but Democrats would rather the money be used to fund future pension obligations. The governor said his plan would help make Vermont a more affordable place to live, but Ashe said ...

Published:  Wed, 16 May 2018 14:04:00 GMT

Vermont Legislature passes tax rate hike despite veto threat, goes home

Democrats brushed off Gov. Phil Scott's veto threats this weekend to pass bills that would allow property tax rates to rise. There was no tarrying in Montpelier while lawmakers attempted to hammer out a compromise with the Republican governor who demands ...

Published:  Mon, 14 May 2018 21:26:00 GMT

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