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Iowa

Do you think of Iowa is being populated almost entirely by farmers? You’d be wrong. Its largest employment sector is actually Trade, Transportation and Utilities.

As of 2013 Iowa’s population was 3,090,416 making it America’s 26th most populous state. It consists of 56,276 square miles so is America’s 26th largest state.

Ripley’s Believe It or Not has named Burlington, Iowa’s Snake Alley the most crooked street in the world. Its oldest city is Dubuque. If you read or saw the movie “The Bridges of Madison County,” you might not be at all surprised to read that the county does have six covered bridges, the largest of which is the Imes Bridge.

Iowa home ownership is 75.2%. This makes it one of the top states in the nation in this category. The state’s median household income is $63,442 making it, again, one of the best in the nation.

Iowans carry credit card debt in the amount of $3885, which is a good deal lower than the national average of $4879 per borrower. Their average credit score is 725. The “very good or excellent” credit scores range from 700 to 850 so if Iowa were a person it would be seen as having a good or excellent credit score.

The unemployment rate in Iowa is just 4.4% making it the fifth best in the nation. In fact if unemployment were to drop just one percentage point, Iowa would be considered to have “full employment.”

Iowa’s total workforce is to 1,653,000. All of this, 309,000 are in the Trade, Transportation and Utilities sector. The second-largest sector is government where there are 250,800 employees. And third is Education and Health Services with 188,000 employees.

The state’s three largest cities are Des Moines, Cedar Rapids and Davenport. Des Moines is far and away the states’ most populous with 206,688 people. Second is Cedar Rapids with 128,119 residents or only about half as many as Des Moines. Davenport comes in third with a population of 101,363.

While Des Moines is the state’s largest city it ranks only second in unemployment at 5.8%. Davenport’s unemployment rate is a bit higher at 6.2% and Cedar Rapids comes in at 5.2%.

Finally, one of the most interesting things about Iowa is that it has only 92,200 farms, yet produced 1.88 billion bushels of corn, 414 million bushels of soybeans and 4.43 billion pounds of milk – just in 2012.

Credit Card Debt Reduction in Iowa

Iowa Credit Card Debt Relief Laws

We are pleased to inform the residents of Iowa that our debt relief services are available in your state! 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 reduction and debt management services in the state of Iowa. Credit card debt settlement is a program which can reduce your debts with your creditors giving you the opportunity to only pay back a fraction of the original amount owed. 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 Iowa consumers and does not constitute legal advice.)

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

  • Original creditor or creditor collecting own debt must comply with all the provisions of the FDCPA, except those provisions dealing with required disclosures. (For example, the original creditor does not have to verify the debt’s validity).
  • Original creditor and debt collector cannot distribute any information relating to debt to unauthorized third parties. (This does not include anyone who may have information about the debtors’ location).
  • Original creditor and debt collector cannot include debtor in a “deadbeat” list.
  • Debt collector cannot fail to state the name and address of the business who the debtor originally owed.
  • Original creditor and debt collection agency cannot obtain a statement that both the husband and wife are liable for a debt when only one is.
  • Debt collector cannot attempt to convince the debtor to pay debt discharged in bankruptcy without clearly disclosing the nature and consequence of agreement and fact that debtor is not legally obligated to pay debt.
  • Debt collector cannot attempt to collect interest or other charges (i.e. collection’s fee) unless authorized by contract or law.

Maximum Interest Rate a Collection Agency Can Charge in Iowa: 5%

Iowa Debt Help Law

Iowa Wage Protection: No less than 90% of expected annual earnings protected (more depending on how much you owe), unless earning less than $12,000.

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 currently live in Iowa, the applicable statutes of limitations would be Texas’).

Oral Agreements: 5 years
Written Contracts: 10 years
Promissory Notes: 10 years
Open Accounts (credit cards): 5 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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