National Debt Relief - BBB Accredited Business - Get Relief From Unsecured Credit Card Debt, Medical Bills And Student Loans

Free Debt Relief Quote

We Take Your Privacy Seriously.

Call Now! 888-703-4948

National Debt Relief, LLC BBB Business Review

Nebraska

Nebraska is one of the healthiest states in the U.S.in terms of unemployment with a rate of just 3.7%. In fact, this makes it the nation’s third best behind only North and South Dakota.

The state has an average credit score of 724, making it again one of the best in the U.S. If Nebraska were a person with this credit score and applied for a mortgage, it would certainly qualify for the best interest rate available.

On a more negative note, Nebraska’s average credit card debt is $6944, which definitely puts it on the high side.

As you might guess, Nebraska’s largest city is Omaha with a population of 408,958. This is a bit misleading in that the state’s third-largest city is Bellevue with a population of 50,137 but is shares its north border with Omaha. So if you were to put the two together, the Omaha metropolitan area would have a population in excess of 460,000.

An interesting fact about Nebraska is that despite its reputation as a prairie state, it has more miles of rivers than any other state in the nation. This makes it surprising that Nebraska was once known as “The Great American Desert.”

Nebraska has a population of 1,826,341. This makes it America’s 38th most populous. It consists of 77,358 square miles so it the U.S.’s 16th largest. The state has America’s largest aquifer or underground lake/water supply, the Ogalala aquifer. It is also the home of the largest rail classification complex in the world, which is in North Platte.

The state has a homeownership rate of 70.4% and its median household income is $52,196.

Nebraska’s total labor force is 914,830. The largest segment of this is Office and Administrative Support Occupations with 153,120 workers. Second is Sales and Related Occupations with 97,230 employees. And the third largest segment of its labor force is Transportation and Material Moving occupations with 80,580 workers.

Nebraska’s second largest city is Lincoln with a population of 250,379. Its most recent unemployment rate was a tiny 2.9%; meaning that the city is basically at full employment. Omaha’s unemployment rate in 2013 was 3.92% while Bellevue was at 5.9% as of 2010 – the most recent year where there was unemployment numbers available for the city.

Credit Card Debt Reduction & Debt Negotiation in Nebraska

Nebraska Credit Card Debt Reduction Laws

We provide debt reduction and debt negotiation in the state of Nebraska! 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 reduction is a way to reduce your debts with the creditor or collection agency to only pay back a fraction of the original amount owed. This is great for both you and your creditor because you get to pay less than your total balance owed while your creditor actually receives something back as compared to if you’d have gone bankrupt.

However, you may not have to even apply for credit card debt reduction 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 Nebraska consumers and does not constitute legal advice.)

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

Original credit cannot contact any individual who is not living, residing, or present in the household of the borrower regarding the borrower’s obligation to pay a debt, other than the borrower’s spouse, the borrower’s attorney, another creditor, or a credit reporting agency.

Maximum Interest Rate a Collection Agency Can Charge in Nebraska: 6%

Nebraska Wage Protection: 85% of disposable weekly earnings or pension payments for heads 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 Nebraska, the applicable statutes of limitations would be California’s).

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.

Do you qualify for debt consolidation?

Mobile Menu
MENU