Kentucky Debt Solutions

Learn about debt relief options in Kentucky

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  • Free Debt Analysis

Get the Kentucky Debt Relief You Need

Plagued with one of the poorest performing economies in the nation, Kentucky residents suffer from the lowest median household income in the country. As such, compiling a nest egg in the Bluegrass State is not only challenging, but the smallest of savings can easily be wiped out by an unexpected expense. If you are like many others in Kentucky, you might have turned to your credit cards to help meet unexpected bills. With an average credit card debt in the Bluegrass State of $4,789, paying more than the minimum due keeps you locked in debt indefinitely. For the Kentucky debt relief help you need, you should turn to the financial experts at Americor Financial for help in developing a sound debt management plan.

For families living in Kentucky, the state offers protection and programs like Kentucky 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 Bluegrass State, the statutes of limitations on outstanding debts include:

  • Oral Contracts—5 Years
  • Written Contracts—15 Years
  • Promissory—15 Years

The long statute of limitations represents stringent disclosure notification required before any contract is signed. Additionally, the state’s consumer protection laws ensures that collection efforts conform to established norms and procedures.

Debt Collection

Kentucky follows the set of laws known as the Fair Debt Collection Practices Act.

Maximum Interest Rate a Collection Agency Can Charge in Kentucky: 8%

Kentucky Wage Protection: 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage.

Kentucky Debt Relief from Americor Financial

You don’t need to lose sleep 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 Kentucky 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.


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