Wyoming Debt Relief - Americor

Wyoming Debt Relief

You’re deeply in debt. The payments you have to make are far too high, depleting your paycheck and leaving you without enough to live on—which in turn forces you even deeper into debt. What can you do in the state of Wyoming to get out from under that debt and ultimately attain financial independence? From Wyoming debt consolidation to other local debt options, here’s what you need to know.

 

Wyoming Debt Statistics

At $4,789 per borrower, Wyoming’s average credit card debt is slightly below the national average of $4,965. The delinquency rate is 30% less than the national average, with just 0.4% of borrowers behind on their payments for more than 90 days. The average credit score in Wyoming is 711, which is 2% higher than the national average of 696. And the number of people living below the poverty line is also below average, 11.2%, to the nation’s 12.7%.

The statute of limitations on debt in Wyoming is 10 years for contracts, or any other written promise or agreement. Unwritten, oral, or implied contracts are 8 years. For the recovery of personal property, the statute is 4 years, and for collecting on dishonored checks, it’s 3 years. If there’s already a judgment against you, however, your creditors have a full 21 years to collect on it.

Be careful, though. The statute of limitations just means the amount of time a creditor has to file a suit against you to collect payment. After the statute expires, they can still make attempts to collect what you owe them in other ways. They just can’t go through the courts.

 

The Need for Wyoming Debt Help

Debt is different in every state, as are the laws governing it. So living in Wyoming, if you want to get out of debt, you need a solution that’s specific first to your financial situation, and second, to the laws your debt falls under. You can’t just go for a cookie cutter solution. You need to find a financial expert who understands Wyoming debt law intimately and can help you understand your options.

 

Call Americor to Find Wyoming Debt Relief Today

At Americor, our experts are well-versed in the laws and statutes concerning Wyoming debt. And we can work with you to find the solution that best meets your specific needs, from consolidating your debt into a single, manageable monthly payment, to renegotiating the amount you owe, to providing you with debt and budget counselling, and much more. Call us today for your free consultation!