According to the United States’ Bureau of Labor Statistics, food and energy costs are on the rise in the Gem State. As a result, Idaho families are finding themselves sinking further into debt as they turn to their credit cards to meet unexpected expenses. An average credit card balance of $4,410 is borne by the average Idahoan. If you find yourself in similar circumstances and are looking for Idaho debt help, you need to talk to financial experts that you can trust to lift the weight of crushing debt from your shoulders.
Get the Idaho Debt Relief You Need
For families living in Idaho, the state offers protection and programs like Idaho debt consolidation programs, or other debt relief plans. Understanding the state’s statutes of limitations is important to knowing your rights under the consumer protection laws. Although it varies state by state, the statutes of limitations is a specific limitation on the time in which creditors can file legal action against you for past due debts. In Idaho, the statutes of limitations on outstanding debts include:
- Oral Contracts—4 Years
- Written Contracts—5 Years
- Promissory—5 Years
Additionally, the state’s Idaho Collection Agency Act ensures that collection efforts conform to established norms and procedures that limit the hours and places they can call to reach you for a payment.
Idaho follows the set of laws known as the Fair Debt Collection Practices Act.
A debt collector cannot send mail or call a debtor at work unless a good-faith effort has been made to contact debtor at home and that effort has failed.
Maximum Interest Rate a Collection Agency Can Charge in Idaho: 6%
Idaho Wage Protection: 100% protection for 60 days.
Idaho Debt Relief from Americor Financial
You don’t need to lose sleep at night over your debt, but you do need to get control of your finances if you ever hope to move on with your life. You should discuss the range of debt management options available to you. Our team of financial experts is standing by to help you with a Idaho debt relief plan so you can get back on your financial feet. Get the night of good sleep you deserve with the help of Americor Financial.