Excessive debt is like a heavyweight on your shoulders all the time. Every step you take seems to make it heavier, but you can’t just set it down. You need a way of getting rid of it for good. If you’re looking for Nebraska debt help, here are some things you need to know.
When it comes to debt, Nebraska is doing fairly well. Ranking 48th in the nation overall, the average resident has just $4,298 in credit card debt: 13% less than the national average ($4,965). The state is also 7th in the nation when it comes to credit scores, with an excellent average of 717—compared to the nation’s 696.
There’s a much lower delinquency rate in Nebraska as well, with just 0.41% of debtors who are more than 90 days late on a payment—28% higher than the national average of 0.57%. And only 11.4% of Nebraska residents are living in poverty, whereas the national average is 12.7%.
The statute of limitations for debt in Nebraska is 4 years for recovery of property. If there’s liability based on a federal statute, and no other limitation, it’s three years. If there’s a judgment against you somewhere other than Nebraska, the statute for that debt is five years for written contracts and four years for unwritten contracts.
No matter how well the state is doing as a whole, it doesn’t matter much if you personally have more debt than you can handle. You need options that are specific to Nebraska debt law, as well as to your situation. If you have multiple debts, you can consolidate them all into a single, monthly payment that doesn’t strain your bank account. You can also negotiate with your creditors to find other solutions. But creditors aren’t known to be very accommodating or understanding when it comes to your financial hardship. If you’re going in, you need someone powerful and knowledgeable on your side.
At Americor, we have years of experience with debt relief and negotiating with creditors. We know Nebraska’s debt laws intimately, and what your rights are under them. We’ll make sure you get a fair deal, and will do what it takes to put you on the road to financial freedom.
Call our experts today for a consultation.