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Montana

Montana may be large but it’s population is on the small side. In fact, Montana is comprised of 14,555,600 square miles but its population numbers only 989,415 – ranking it 44th among all US states. Famous Montanans include comedian Dana Carvey, filmmaker David Lynch and author Dorothy Baker.

While Montana may be a bit short on people it does much better with animals as the average square mile of land contains 1.4 pronghorn antelope, 1.4 elk and 3.3 deer. If you were to go to the Bowdoin National Wildlife Refuge you might see up to 1,700 nesting pelicans. Yes, pelicans. In the year 1888 Helena, Montana had more millionaires per capita than any other city in the world. And the nation’s first national park was Yellowstone in southern Montana and northern Wyoming.

The state’s current unemployment rate is 5.2% making it 12th best in the US. However, Montanans’ average credit card debt is higher than that of the US at $6673 vs. the US average credit card debt of $5235 per borrower. Montana’s homeownership rate is 70.2% and the state’s average credit score is 709 – putting it in the category of “Very good or excellent.”

Montana’s total workforce totals 432,380. Of this total, there are 68.860 workers employed in Office and Administrative Support Occupations. The second largest segment of the state’s labor force is Sales and Related Occupations with 48,440 workers. Food Preparation and Serving Related Occupations ranks third with 44,960 employees.

Billings, Missoula and Great Falls are the state’s three largest cities. The population of Billings as of 2012 was 106,594. Missoula’s population is 66,079 and Great Falls has a population of 58,505.

As noted above, Montana has a low unemployment rate of 5.2%. Billings does even better with an unemployment rate of 3.8% and Missoula’s unemployment rate is 4.4%. Montana’s third-largest city Great Falls has an unemployment rate of 4.6%.

Debt Relief Options and Services in Montana

Montana Credit Card Debt Relief Options and Laws

Our debt consultants are always ready to speak with you and give you a free consultation – you can call now to see if you qualify:

(888) 703-4948

One way to reduce your debt in Montana is with debt settlement. Debt settlement is a way to reduce your debts with your creditors into one low monthly program payment. This method is amazing for people who are experiencing the financial hit from the economy. Ideal participants in such programs are those who are seeing less income, have medical issues or are simply overwhelmed by debt.

However, you may not have to even apply for debt settlement 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 Montana consumers and does not constitute legal advice.)

Montana 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 Montana: 10%

Montana Wage Protection: 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 Montana, the applicable statutes of limitations would be California’s).

Oral Agreements: 5 years
Written Contracts: 8 years
Promissory Notes: 8 years
Open Accounts (credit cards): 3 years

get debt relief help
Whether 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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