Ohio’s prairie trail origins date back as far as 1754 when it first became a British colony. It wasn’t until 1803 that Ohio was incorporated into the U.S. and officially became a state. But it took a good century before Ohio found itself in need of debt relief.
Ohio has always been a hotbed for industry and by the mid 1800’s, Cleveland had become one of the largest producers of steel and iron in the country, leading the way to the Industrial revolution.
Oil took over not long after, when Ohio became the landing spot for John D. Rockefeller’s business as the state became the nation’s leading supplier of crude oil.
In present day, Ohio is a leader in a vast array of manufacturing industries including metals, rubber, plastic, steel and automobiles. In many of Ohio’s major cities like Cleveland, Cincinnati, Toledo and Akron there are many Fortune 500 companies such as Nationwide insurance, Kroger groceries, Macy’s, and Procter & Gamble.
What Is Debt in Ohio?
Ohio ranks 10th overall in state debt at $33.5 billion. However, when it comes to credit card debt, Ohio can boast it being the 51st lowest household average in the country with just $5,446.
With so many colleges and major cities, it’s no wonder Ohio has an average $25,353 in student loan debt per student. The average credit card debt per household is $6557 with a household median income of $45,395.
Ohio Debt Fast Facts
- Population: 11.7 million
- Median Household Income: $45,395
- Average Credit Score: 679 (national average is 669)
- Average Credit Card Debt: $5,446
- State Debt Total: $33.5 billion
Debt Relief Laws To Help Ohio Citizens
Disclaimer: The information shared herein is intended to be a free resource for Ohio consumers looking to dismiss debt and does not constitute legal advice.
Whether battling credit card debt, medical debt or private student loan debt, Ohio has long been known for passing laws that aggressively protect its citizens and seek to dismiss debt.
If you are embroiled in a deepening debt situation in Ohio, 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 get debt resolution 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 Ohio 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.
Whether battling credit card debt or medical debt, Ohio residents 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 dismissal 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 Ohio 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 you suddenly debt free. 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 dismissing debt.
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 hopefully 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 844-479-3457 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.