Wyoming has long been a frontier territory for explorers and trailblazers alike. The land was officially granted to the United States as part of the Louisiana Purchase. Wyoming soon became a gateway for those settlers with fortune on their mind who traveled from the east coast to seek gold and silver in Nevada and California.
Wyoming became the 44th state in 1888. It has long been a forward-thinking, liberally minded state. Wyoming was the first state to grant women the right to vote. It was also in Wyoming that the nation’s first female governor was elected.
Tourism is the state’s leading economic springboard thanks to the strategic location of many historic parks, none more so than the glorious Yellowstone National Park. In the park, the Old Faithful geyser highlights the largest hot spring in America. In addition, Devils Tower is a marvelous rock formation that then President Theodore Roosevelt declared the first national monument in 1906.
Millions of tourists still flock to this destination while also embracing the still rugged cowboy spirit that the state was built upon. It’s no wonder that rodeo – not football or baseball – is the state’s signature sport.
Other industries of Wyoming include agriculture, energy and engineering. Wyoming leads the nation in coal production, producing nearly half of the country’s coal output.
The Overall Debt Situation in Wyoming
Wyoming has the lowest population of any state in the U.S. with just over 580,000 permanent residents. Despite its sparse population, Wyoming has the second highest credit card debt per household in the nation at a monstrous $11,546 per family showing a need for debt relief even in the smallest of states.
Having said that, Wyoming is the only state to show its debt in the millions rather than billions. The biggest cities in Wyoming include Cheyenne, Casper, Laramie, Gillette and Rock Springs. None of those cities house an exceptionally large university which means the state’s private student loan debt is relatively low at just $1.5 billion.
Wyoming Debt Fast Facts
- Population: 580,000
- Median Household Income: $61,584
- Average Credit Score: 678 (the national average is 669)
- Average Credit Card Debt: $11,546
- Average Student Loan Debt: $29,183
- State Debt Total: $9 million
Debt Relief Laws That Protect Wyoming Residents
Disclaimer: The information shared herein is intended to be a free resource for Wyoming consumers looking to dismiss debt and does not constitute legal advice.
Whether battling credit card debt, medical debt or private student loan debt, Wyoming has long been known for passing laws that aggressively protect its citizens.
If you are embroiled in a deepening debt situation in Wyoming, Resolvly can help find an expert team of debt resolution attorneys 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 Wyoming 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.
Wyoming folks 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 Wyoming 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 get out of debt. 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.