California has a long history of dealing with its debt problems.
But what if California could be one of the states that is most ready to tackle the debt snowball?
Debt forgiveness has become a big issue in California.
A number of states have been considering some form of debt relief to help ease the pain of struggling families.
Some have even gone as far as to create a tax credit to encourage borrowers to come to a settlement.
Here are the five most notable states that have made a move towards helping families.1.
Nevada: Debt forgiveness, which was a first for the state, has been a priority for Gov.
Brian Sandoval and his administration.
The state has spent nearly $4 billion on debt relief in the past three years.
This has helped reduce the amount of debt in Nevada.
As a result, the state has seen its debt fall by about $1.2 trillion since 2014, according to the Nevada Public Interest Research Group.2.
California: Governor Jerry Brown has been on the forefront of efforts to help Californians struggling with the debt crisis.
His administration is offering $3,000 a month in aid to struggling families in need.3.
Montana: The U.S. Department of Education has been working to get the state to reduce its public debt by about 2.7 percent of GDP in 2018.
It has given out more than $5.4 billion in aid so far, including $1 billion in grants and loans.4.
Jay Inslee has been pushing the state’s legislature to reduce public debt to $2.2 billion by 2022.5.
New York: Governor Andrew Cuomo is trying to push the state into debt relief.
He recently signed legislation that would increase the amount the state can offer in debt relief assistance by an additional $4.5 billion, with an additional 2 percent of Gross Domestic Product (GDP) going to help pay for the debt relief effort.