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Ohio

In most states the biggest university is called the University of – such as the University of Florida, University of Michigan, etc. And a state’s second largest school is usually its state university like Michigan State, Colorado State and Iowa State. But in Ohio it’s backwards. Ohio State University is by far the state’s largest school while Ohio University is much smaller. For some reason, the state’s official rock song is “Hang On Sloopy.” America’s first professional city fire department was organized in Cincinnati, which is also the home of America’s first professional baseball team the Cincinnati Reds. It was established in 1881,

Akron, Ohio is considered to be the rubber capital of the world. And former Ohio Senator John Glenn is the oldest man to venture into outer space when at age 77 he returned to the NASA space program and, ultimately, into space.

Ohioans have an average credit card debt of $6557. This is approximately $1300 more than the US average credit card debt of $5235 per borrower. The state’s average credit score is 690, which would be in the “good” range of credit scores – if the state were a person.

Ohio’s total population is 11,544,225, making it the nation’s seventh most populous. Its median household income is $45,395, which is less than the country’s median household income of $51,017. Ohio’s total labor force numbers 5,054,250. Given its current unemployment rate of 7.2%, this means about 364,000 Ohioans are out of work.

The largest labor force segment in Ohio is Office and Administrative Support Occupations with 758,580 workers. Sales and Related Occupations is second with 516,380 employees. And Production Occupations comes in third with 468,520 employees.

Homeownership in Ohio is 69.7% down from 71.3% in the year 2000. Much of this can probably be attributed to the nationwide housing crisis that began in 2007.

Ohio’s three largest cities are Columbus with a population of 787,033, Cleveland whose population is 396,815 and Cincinnati with a population of 296,943. Cleveland’s current unemployment rate is 9.3%, while Columbus is closer to the national unemployment rate at 6.1%. The worst of the three major cities is Cleveland with its unemployment rate of 9.3%.

Debt Relief Options in Ohio

Ohio Debt Relief Services and Settlement Laws

Looking for debt relief in Ohio? 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 Ohio is with debt settlement. One service we provide is 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 Ohio consumers and does not constitute legal advice.)

Ohio 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 Ohio: Federal short-term rate to nearest whole percent plus 3%.

Ohio Wage Protection: 75% of disposable weekly earnings (after tax income) or 30 times federal hourly minimum wage.

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

Oral Agreements: 6 years
Written Contracts: 15 years
Promissory Notes: 15 years
Open Accounts (credit cards): 4 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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