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Idaho

In addition to being the “famous potato” state, Idaho is home to American Falls, which is unique from most communities as the whole town was moved in the mid-1920s due to the construction of the original American Falls Dam. Idaho may also be unique as it has a law that forbids a citizen to give another citizen a box of candy that weighs more than 50 pounds.

Idaho is our 43rd state as it ratified its constitution on July 3, 1890. The state is our 14th largest and the 39th most populous – making it the least densely populated of the 50 states. Residents are called “Idahoans”. It is a mountainous state and its area is larger than that of all of New England. In addition to its famous potatoes, Idaho grows dairy products, cattle, wheat, barley and sugar beets. Famous Idahoans include the poet Ezra Pound, the actress Lana Turner and Gutzon Borglum, the Mt. Rushmore sculptor.

Idahoans have an average credit score of 716. So if you were an average Idahoan and had this credit score, you would have “good” credit and should be able to borrow money at favorable interest rates. Idahoans also have average credit card debt of  $4,549, which is a bit lower than the national average of $4879 per borrower.

Home ownership in Idaho is 70.5% meaning that the largest majority of Idahoans own their own homes.  As of 2012, Idaho’s median household income was $47,922 and its unemployment rate was 6.1%, ranking it 15th best among all 50 states. The Boise City/Nampa area had a favorable unemployment rate of 5.8% as of November of last year. How did it do so much better than the national unemployment rate? For one thing, it doesn’t have oil fields, foreign car plants or a lot of corporate headquarters. What it has instead is some of this and some of that – Boise State University, a major hospital, tech firms large and small and state government.

The states’ total labor force numbers 773,000. Of this, 129,400 are employed in Trade Transportation and Utilities, 117,700 in the Government sector and 91,400 in Education and Health Services.

Boise is Idaho’s largest city and its state capital with a population of 205,671. The state’s second largest city is Nampa with an estimated population of 81,557. And the state’s third largest city is Meridian with an estimated population of 75,092.

Debt Negotiation & Debt Reduction in Idaho

Idaho Debt Reduction Laws

Our debt reduction services are available in your state! There is help for those struggling with unsecured debts. Our debt consultants are always ready to speak with you and give you a free consultation – you can call now:

(888) 703-4948

We provide debt negotiation and debt management services in the state of Idaho. Debt negotiation is a great program for reducing your debts with your creditors into one low monthly program payment. This method works because you pay less yet the creditor still recovers some of their loss had you gone bankrupt.

However, you may not have to even apply for credit card debt negotiation if the statute of limitations is up in your state and the debt no longer appears on your credit report. Legally, credit companies must recover the debt in a period of time specified by the state or the debt is no longer recoverable after this time period. Read on to find out if the statute of limitations is up for you.

Debt Collection

(This is intended to be a helpful and informational debt resource for Idaho consumers and does not constitute legal advice.)

Idaho follows the set of federal laws that are collectively known as the Fair Debt Collection Practices Act (FDCPA).

Debt collector cannot send mail or telephone 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

Statute of Limitations

A statute of limitations is a law that sets forth the maximum period of time, after certain events, that legal proceedings based on those events may be initiated. For debt, the statutes of limitation apply to the maximum period of time after a consumer has become delinquent on their payments. The key point to remember is that you are considered delinquent not from the date of your last payment, but rather the day after you have gone past due. In other words, if you made your last payment on 3/3/03 and your next payment was due the same day of the next month, the statute of limitations on the debt would not start running until 4/4/04. The statutes of limitations vary from state to state and depend on the type of debt and where the original transaction took place (i.e. if you took the loan out in Texas but live in Idaho, the applicable statutes of limitations would be Texas’).

Oral Agreements: 4 years
Written Contracts: 5 years
Promissory Notes: 5 years
Open Accounts (credit cards): 4 years

get debt relief helpWhether you have unsecured credit cards, medical bills, personal loans or collection accounts, there’s help for you. The National Debt Relief Group offers a free consultation. You can fill out our Short Application and one of our debt specialists will contact you within minutes, or you can call now – (888) 703-4948.

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