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New Hampshire

New Hampshire’s population is 1,316,47, ranking it 42nd among our 50 states. It consists of 9,531 square miles so ranks 44th in size. To put this another way, it’s our 6th smallest state but even at that is still larger than New Jersey or its neighbor, Massachusetts.

New Hampshire was the first of the thirteen original colonies to declare its independence from Mother England — a full six months before the Declaration of Independence was signed. It’s our only state that ever hosted the formal conclusion of a foreign war. This is because in 1905, Portsmouth was where the treaty ending the Russo-Japanese War was signed. The first free public library in the United States was established in Peterborough, New Hampshire in 1833. And on December 30, 1828, the first women’s strike in the United States occurred when about 400 mill girls walked out of the Dover Cotton Factory.

The average New Hampshirite has a credit score of 711, which is “very good” or “excellent.” The state’s average credit card debt is $7,937, which makes it the second highest among all US states. However, New Hampshire’s median household income is $67,819, which ranks it 10th best in the nation. And homeownership is 74.9%, which is up almost 5 points since 2000.

New Hampshire has an excellent unemployment rate of 5.1%, ranking it tenth in America. Its total labor force is just 612,710 – not surprising given its total population of 1,316,470.

Of this labor force, Office and Administrative Support Occupations accounts for the largest number of employees with 102,590. Second is Sales and Related Occupations with 77,290 workers. And Food Preparation and Serving Related Occupations comes in third with 52,150 employees.

The state’s largest city is Manchester with a population of 109,565. Its second largest is Nashua with 86,494 residents and third is Concord with a population of 42,695. Manchester’s unemployment rate is 5.2%, which is in line with the state’s overall unemployment rate. Nashua is a bit higher as its unemployment rate is 5.6% and Concorde has a very healthy unemployment rate of 4.4%.

Credit Card Debt Negotiation Services in New Hampshire

New Hampshire Debt Negotiation and Debt Reduction Laws

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

There may be help available for those struggling with unsecured debts if you qualify. A good option for debt relief is a credit counseling company. You can search for one here.

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

New Hampshire 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:
    • Communicate with third parties about debt except for those that live in the debtor’s household, including spouses unless to locate a debtor. Prior to communication with spouse, collector must have been unable to locate the debtor for at least 30 days, and they cannot contact this person more than once.
    • Call debtor at work more than once a month unless debtor agrees in writing to more frequent calls.
    • Send more than one mailing to debtor at place of employment provided that collector has otherwise been unable to locate debtor.

Maximum Interest Rate a Collection Agency Can Charge in New Hampshire: 10%

New Hampshire Debt Law

New Hampshire Wage Protection: 50 times the federal minimum hourly wage per week

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 New Hampshire, the applicable statutes of limitations would be California’s).

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

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