If you’re in Kansas and find yourself struggling with debt and need to find a solution that works for you, reach out to a financial expert who can provide you with debt relief information to help reclaim your life. Although the economy has benefited from low unemployment in the Sunflower State, flat wages have stretched family budgets past the breaking point. If you have turned to your credit cards to meet immediate shortfalls, you are not alone. On average, Kansas residents are holding credit card balances of $5,282 per household with little ability to pay anything more than the minimum payment. Getting control of your finances starts with a realistic appraisal of your rights and responsibilities under Kansas law.
Get the Kansas Debt Relief You Need
For families living in the Sunflower State, Kansas offers protection and programs like Illinois 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 the Kansas, the statutes of limitations on outstanding debts include:
- Oral Contracts—3 Years
- Written Contracts—6 Years
- Promissory—5 Years
Additionally, the state’s consumer protection laws 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.
Kansas 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 Kansas: 6%
Kansas Wage Protection: 100% protection for 60 days
Kansas 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 sleep soundly again. You need to discuss the range of debt management options available to you, and our team of financial experts is standing by to help you with the Kansas debt relief plan that you need help you to get back on your financial feet. Get the night of good sleep you deserve with the help of Americor Financial.