How to Get Debt Resolution in Missouri

The famous Gateway Arch frames a famous government building in downtown St. Louis, Missouri.

Missouri has long been known as a territory that was the “Gateway to the West” and it was from this state that Lewis and Clark began their westward exploration in 1804 eventually making it all the way to the Pacific Ocean on the West Coast.

Missouri was embroiled in slavery during the mid 19th century, but ironically was eventually a gateway state for the famous Underground Railroad which slaves used as a method of escaping the hardened slavery conditions of the deeper south.

After the Civil War, Missouri participated in a sort of industrial revolution as the railroad industry allowed a huge influx of population growth in the state and beyond.

Economically today, the state may be best known for beer production as Anheuser-Busch boasts the largest beer-producing factory in the U.S. located in St. Louis. Health care is also a gigantic local industry as Fortune 500 companies such as pharmaceutical distributor Express Scripts Holding and health care enterprise Centene are all headquartered in Missouri.

Kansas City, St. Luis, Springfield and Independence are the four largest cities in Missouri.

The Overall Debt Situation in Missouri

Missouri is the 41st state in the nation when it comes to credit card debt at just $6,491 average per household. It also helps that, despite a relatively small population of just 6.1 million mid-westerns, their average household income is a healthy $53,578 helping to eliminate high debt.

Student loan debt could use some help in Missouri as the average student owes $33,766 for a state total of $27.1 billion.

Missouri Debt Fast Facts

  • Population: 6.1 million
  • Median Household Income: $53,578
  • Average Credit Score: 675 (the national average is 669)
  • Average Credit Card Debt: $6,491
  • Average Student Loan Debt: $33,766
  • State Debt Total: $17.3 billion

Debt Relief Laws That Protect Missouri Residents

Disclaimer: The information shared herein is intended to be a free resource for Missouri consumers looking to dismiss debt and does not constitute legal advice.

Whether battling credit card debt, medical debt or private student loan debt, Missouri has long been known for passing laws that aggressively protect its citizens.

If you are embroiled in a deepening debt situation in Missouri, Resolvly can help find an expert team of seasoned debt resolution lawyers to help eliminate debt or at least dismiss debt as soon as possible.

The Fair Debt Collection Practices Act

There are many ways to find debt relief and fight harassing debt collectors and avoid or defend a debt lawsuit. In one case, every consumer has specific rights invoking the federal laws outlined in the Fair Debt Collection Practices Act (FDCPA).

The FDCPA as it relates to Missouri residents specifies exactly how you can get out of debt by fighting harassing debt collectors. For example, a collector can only call an individual between the local hours of 8am and 9pm. In addition, collectors cannot harass individuals or threaten a citizen with bodily harm or the potential of arrest.

Missouri locals in debt also have the ability to stop collectors from repeat callings by sending a physical letter to the agency requesting a cease and desist from the pestering calls. If the FDCPA is violated, a debt resolution company can find you debt defense attorneys who can help you get out of debt and also seek damages and attorney fees.

The Fair Credit Reporting Act

Missouri does not regulate collection agencies, but these companies describe herein do need to  comply with all the federal reporting acts. Another consumer protection law designed to assist Missouri residents from false or misleading credit information is the Fair Credit Reporting Act (FCRA). The FCRA protects the privacy and accuracy of your personal credit history. If an entity violates your rights outlined in the FCRA, there are legal actions that could not only dismiss debt, but earn monetary damages in addition to the recoupment of attorneys’ fees.

Let Resolvly Find The Right Debt Relief Lawyer

When it comes to dealing with debt – whether medical debt or credit card debt – ignoring the problem won’t make it go away. Utilizing the legal referral service of Resolvly, can help you hire a lawyer to get out of debt by helping you understand your specific circumstances, and clear the path to debt relief and debt resolution.

We work with consumer protection lawyers trained in debt relief to protect your rights, fight harassing debt collectors and hopefully eliminate debt completely.

Resolvly helps you hire a lawyer to help dismiss debt so that you can live debt free. Our goal is to help you attain true financial freedom and debt resolution. We offer a free consultation designed to refer you to a consumer defense attorney who will work to eliminate your debt. Simply call 866-955-5047 to speak with a debt freedom specialist who will help guide you on the path toward debt resolution so you can once again be debt free.

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