How to Get Out of Debt in Nebraska

Corn fields as far as the eye can see in the Cornhusker state of Nebraska.

Nebraska was a barren landscape for much of North America’s early settlement. Other than Native Americans, white and European settlers rarely ventured onto its flat, dirt plains. In 1867, Nebraska became the 37th state and newly laid railroads made population inroads to the area.

The state’s biggest industry today is beef and all things associated with cattle production.

With nearly 20,000 cattle ranches, cows outnumber humans in the state by more than three to one. The beef industry drives almost $8 billion a year in money to the state while pork isn’t too far behind at revenues exceeding $1 billion a year.

Even bigger than cattle is corn production in the state as well as ethanol production. In fact, grains are another major Nebraska contribution to agriculture and food industries nationwide.

Lincoln and Omaha are by far the largest cities in Nebraska, and it’s in Omaha where one of the world’s richest men resides, Warren Buffett.

The Overall Debt Situation in Nebraska

Nebraska boasts one of the lowest per household credit card debt rates coming in at 45th in the nation with just a little over $6,000 per family. Perhaps that explains their credit card score being 21 points higher than the national average.

The famous University of Nebraska Cornhuskers are housed in Lincoln and the state’s student loan debt is a manageable $7.3 billion.

Also because they do have high incomes on average, their ability to hire the best debt resolution attorneys makes them quickly go from in-debt to debt free.

Nebraska Debt Fast Facts

  • Population: 1.9 million
  • Median Household Income: $59,566
  • Average Credit Score: 695 (the national average is 669)
  • Average Credit Card Debt: $6,180
  • Average Student Loan Debt: $30,595
  • State Debt Total: $2.2 billion

Debt Relief Laws That Protect Nebraska Residents

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

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

If you are embroiled in a deepening debt situation in Nebraska, 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 Nebraska residents specifies exactly what a third-party debt collection service can and cannot do. 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.

Nebraska 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

Another consumer protection law designed to assist Nebraska 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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