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Missouri

Missouri’s nickname is The Show Me State. And what its currently showing is an unemployment rate of 6.1%, which ranks it 15th best in the United States. It ranks 21st in terms of size as it is comprised of 69,704,310 square miles. And its population numbers 5,988,927 making it America’s 18th most populous state.

Missouri was granted statehood on November 8,1889, making it our 24th state. Some of its most famous citizens include baseball star Yogi Berra, Gen. John J. Pershing, President Harry S. Truman and radio talker Rush Limbaugh.

The ice cream cone was invented at the St. Louis World’s Fair in 1904. An ice cream vendor ran out of cups and asked a waffle vendor to help by rolling up waffles to hold ice cream. Missouri ties Tennessee as our most “neighborly” state as it’s bordered by eight states. It’s second largest city, St. Louis, is called, “The Gateway to the West” and is the  home of the famous Gateway Arch, which stands 630 feet high and can be seen for 30 miles in every direction.

Missouri’s home ownership is 74.2% and Missourians have an average credit score of 723. This would put the state in the top end of credit scores called a “Very good or excellent” credit score. Missourians have average credit card debt of $6217 or nearly $1,000 more than the US average credit card debt of $5235 per borrower. In other words, Missourians are basically piling on more credit card debt than most Americans. The median household income for Missourians is $37,333 ranking it 39th best in the US.

The population of Missouri is 5,988, 927. Its total labor force is 2,605,910. Of this, 434,790 workers are employed in Office and Administrative Support Occupations. The second largest segment of employment in Missouri is Sales and Related Occupations with 264,150 workers. And third is Food Preparation and Serving Related Occupations with 244,770 employees.

Missouri’s largest city is Kansas City with a population of 459,787. Second is St. Louis. Its population is 319,264 while third is Springfield with a population of 159,498.

The overall unemployment rate for Missouri is 6.1%. However, Kansas City’s unemployment rate is 8.7%. The unemployment rate for St. Louis is a dismal 9.9%. Springfield is best of the three cities with an unemployment rate of 6.3%.

Credit Card Negotiation in Missouri

Missouri Debt Negotiation Laws

We provide debt negotiation and debt management services in the state of Missouri. 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

Credit card 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 Missouri consumers and does not constitute legal advice.)

Missouri follows the set of federal laws dealing with collection agencies (and law firms that collect debts) that are collectively known as the Fair Debt Collection Practices Act (FDCPA).

Maximum Interest Rate a Collection Agency Can Charge in Missouri: 9%

Wage Protection: 90% of weekly earnings for head of household; 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage, whichever is greater.

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 California but currently live in Missouri, the applicable statutes of limitations would be California’s).

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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