Nebraska Debt Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

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Nebraska Debt Statistics 2023: Facts about Debt in Nebraska reflect the current socio-economic condition of the state.

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LLCBuddy editorial team did hours of research, collected all important statistics on Nebraska Debt, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a Nebraska LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will Nebraska Debt Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any word.

Top Nebraska Debt Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 12 Nebraska Debt Statistics on this page 🙂

Nebraska Debt “Latest” Statistics

  • According to Education Data Initiative, in Nebraska, the student loan debt is $7.9 billion.[1]
  • There are 247,500 student borrowers that live in Nebraska, and the average student loan debt is $31,919.[1]
  • According to Credit Summit, the average Nebraskan has $1,032 in personal debt, plus $139,626 of mortgage debt for homeowners.[2]
  • Nebraska residents carry a credit card balance of $5,845 and 54% of Nebraskans have student loan debt of $25,750.[2]
  • Less than 10% of defendants in debt collection actions from 2010 to 2019 had legal representation, compared to virtually all plaintiffs, according to research on the cases from 2010 to 2019.[3]
  • In the last ten years, courts have settled more than 70% of debt collection cases with default judgments in favor of the plaintiff.[3]
  • According to Consolidated Credit, the average Nebraskan has an average credit card balance of $4,819.[4]

Nebraska Debt “Other” Statistics

  • According to Consolidated Credit, the total household debt of Nebraska is $42,139.[4]
  • According to Forbes, the Nebraska Law class of 2019 had the lowest median debt in the nation.[5]
  • Debt collection lawsuits occupied an increasing percentage of civil dockets from an estimated 1 in 9 civil cases to 1 in 4 from 1993 to 2013, more than doubling from less than 1.7 million to nearly 4 million.[3]
  • 75% of civil case judgments were for less than $5,200, which means that in most states, debt claims are typically filed in a limited or small claims court.[3]
  • According to Pew, civil caseloads dropped more than 18 percent from 2009 to 2017.[3]

Also Read

Reference

  1. educationdata – https://educationdata.org/student-loan-debt-by-state
  2. incharge – https://www.incharge.org/debt-relief/credit-counseling/nebraska/
  3. pewtrusts – https://www.pewtrusts.org/en/research-and-analysis/reports/2020/05/how-debt-collectors-are-transforming-the-business-of-state-courts
  4. consolidatedcredit – https://www.consolidatedcredit.org/debt-relief/nebraska/
  5. unl – https://law.unl.edu/prospective/

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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