Florida Debt Consolidation

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Debt Consolidation or Debt Management can work for you in Florida?

Using a Debt Management Plan (DMP), our Florida lawyers will help you Consolidation your Debt without a loan. All your unsecured debts in Florida will be consolidated into one payment, paid monthly. The consolidated monthly payment we set up for you will usually be less than what you paying, in total, for all of your debts, previously.

This is the recommended method used by our lawyers and other Credit Counseling Agencies in Florida.

Click here to read more about Debt Management Plans (DMP) and the Debt Settlement Process.

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Florida Economy

The Gross Domestic Product (GDP) of Florida in 2007 was $734.5 billion. Its GDP is the fourth largest economy in the United States.[67] Per Capita personal income was $38,417, ranking 20th in the nation. The major contributors to the state's gross output in 2007 were general services, financial services, trade, transportation and public utilities, manufacturing and construction respectively.

Tourism makes up the largest sector of the state economy. Warm weather and hundreds of miles of beaches attract about 60 million visitors to the state every year. Amusement parks, especially in the Orlando area, make up a significant portion of tourism. The Walt Disney World Resort is the largest vacation resort in the world, consisting of four theme parks and more than 20 hotels in Lake Buena Vista, Florida; it, and Universal Orlando Resort, Busch Gardens, SeaWorld, and other major parks drive state tourism. Many beach towns are also popular tourist destinations, particularly in the winter months.

The second largest industry is agriculture. Citrus fruit, especially oranges, are a major part of the economy, and Florida produces the majority of citrus fruit grown in the U.S. – in 2006 67 percent of all citrus, 74 percent of oranges, 58 percent of tangerines, and 54 percent of grapefruit. About 95 percent of commercial orange production in the state is destined for processing (mostly as orange juice, the official state beverage). Citrus canker continues to be an issue of concern. Other products include sugarcane, strawberries, tomatoes and celery. The Everglades Agricultural Area is a major center for agriculture. The environmental impact of agriculture—especially water pollution—is a major issue in Florida today.

Phosphate mining, concentrated in the Bone Valley, is the state's third-largest industry. The state produces about 75 percent of the phosphate required by farmers in the United States and 25 percent of the world supply, with about 95 percent used for agriculture (90 percent for fertilizer and 5 percent for livestock feed supplements) and 5 percent used for other products.

Since the arrival of the NASA Merritt Island launch sites on Cape Canaveral (most notably Kennedy Space Center) in 1962, Florida has developed a sizable aerospace industry.

In addition, the state has seen a recent boom in medical and bio-tech industries throughout its major metropolitan areas. Orlando was recently chosen as the official site for the new headquarters of the Burnham Institute, a major bio-tech and medical research company.

The state was one of the few states to not have a state minimum wage law until 2004, when voters passed a constitutional amendment establishing a state minimum wage and (unique among minimum wage laws) mandating that it be adjusted for inflation every six months. Currently, the minimum wage in the state of Florida is $7.21 as of January 1, 2009.

Historically, Florida's economy was based upon cattle farming and agriculture (especially sugarcane, citrus, tomatoes, and strawberries). In the early 1900, land speculators discovered Florida, and businessmen such as Henry Plant and Henry Flagler developed railroad systems, which led people to move in, drawn by the weather and local economies. From then on, tourism boomed, fueling a cycle of development that overwhelmed a great deal of farmland.

Florida is one of the nine states that do not impose a personal income tax (list of others). The state had imposed a tax on "intangible personal property" (stocks, bonds, mutual funds, money market funds, etc.), but this tax was abolished after 2006. The state sales tax rate is 6%. Local governments may levy an additional local option sales tax of up to 1.5%. A locale's use tax rate is the same as its sales tax rate, including local options, if any. Use taxes are payable for purchases made out of state and brought into Florida within six months of the purchase date. Documentary stamps are required on deed transfers and mortgages. Other taxes include corporate income, communication services, unemployment, solid waste, insurance premium, pollutants, and various fuel taxes.

At the end of the third quarter in 2008, Florida had the highest mortgage delinquency rate in the country, with 7.8% of mortgages delinquent at least 60 days. The state also had the second-highest credit card delinquency rate, with 1.45% of cardholders in the state more than 90 days delinquent on one or more credit cards. A 2009 list of national housing markets that were hard hit in the real estate crash included a disproportionate number in Florida. The early 2000s building boom left Florida with 300,000 vacant homes in 2009, according to state figures.

Another major economic engine in Florida is the United States Military. There are currently 24 military bases in the state, housing three Unified Combatant Commands; United States Central Command in Tampa, United States Southern Command in Doral, and United States Special Operations Command in Tampa. There are 109,390 U.S. military personnel currently stationed in Florida, contributing, directly and indirectly, $52 billion a year to the state's economy.