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North Carolina

We have relatives and friends who live in North Carolina and have visited the state several times. It is truly beautiful and offers an amazing variety of terrain ranging from the Blue Ridge Mountains on the west to the Outer Bank Islands on the east.

North Carolina’s economic condition also differs widely. Its unemployment rate is 6.9% or 31st in the U.S. Its largest city, Raleigh, has an unemployment rate of 7.6% but the unemployment rate of its neighbor, West Raleigh, is just 6.2%. And Greensboro, the state’s third largest city has an unemployment rate of 8.3%.

Raleigh’s population is listed as 403,892. The state’s second largest city, West Raleigh’s population is 338,779. This means the total population of the Raleigh metropolitan area is close to 730,000. In comparison, North Carolina’s third largest city, Greensboro, has a population of 277,080 making it only about 38% the size of the Raleigh metro area.

As you may know, the first powered airplane flight occurred in North Carolina when Orville Wright took off briefly on Kill Devil Hill near Kitty hook. The state’s Cape Hatteras lighthouse is the largest one ever moved due to erosion problems. The town of High Point is considered to be the Furniture Capital of the World. Havelock, NC is the home of Marine Base “Cherry Point,” which is the largest air base in the Marine Corps. And famous North Carolinians include actor Andy Griffith, musician Randy Travis, auto racer Richard Petty and two Presidents – James K. Polk and Andrew Johnson

North Carolinians’ average credit score is 679 and the state’s average credit card debt is $6533. Its average credit score would put it at the very top of the “good or OK” range of credit scores while its average credit card debt is much higher than the national average of $5235 per borrower.

The  population of North Carolina is 9,752,073. Of this, its labor force consists of 3,878,800 workers. Homeownership in the state is 69.5%, putting it a bit lower than states such as Connecticut, Kentucky and Indiana.

The largest portion of the state’s labor force is in Office and Administrative Occupations with 620,400 employees. Sales and Related Occupations is the second largest segment with 423,340 workers. And, finally, the third biggest segment of its labor force is Food Preparation and Serving Related Occupations with 361,200 employees

Debt Relief Options & Debt Settlement Services in North Carolina

North Carolina Debt Relief Laws

Our debt settlement and debt consolidation options are available in North Carolina! Our debt consultants are always ready to speak with you and give you a free consultation – you can call now:

(888) 703-4948

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 North Carolina consumers and does not constitute legal advice.)

North Carolina 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).

Debt collector cannot send mail or telephone debtor at work unless a good-faith effort has been made to contact debtor at home and that effort has failed.

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

North Carolina Wage Protection: 100% protection for 60 days

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 live in North Carolina, the applicable statutes of limitations would be Texas’).

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