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Pennsylvania

President James Buchanan, golfer Arnold Palmer, actors Bill Cosby and Gene Kelly and baseball star Reggie Jackson were all born in Pennsylvania.

In 1946, Philadelphia became the home of the first computer. America’s first daily newspaper was published in Philadelphia on Sept. 21, 1784. In addition, Philadelphia was the site of the first presidential mansion and it is where Betsy Ross made the first American flag.

The town of Franklin, Pennsylvania became a center for worldwide oil production when oil was discovered in nearby Titusville. Philadelphia is, of course, the home of the Liberty Bell and it’s where our Declaration of Independence was signed in 1776.

Pennsylvania’s population totals 12,702,379.`This ranks it as America’s sixth most populous state. Its total labor force is 5,596,480. Office and Administrative Support Occupations makes up the largest segment of this with 944,910 employees. The state’s second largest employment sector is Sales and Related Occupations with 591,380 workers and third is Food Preparation and Serving Related Occupations, which has 470,710 employees.

The state is comprised of 46,055 square miles. This makes it America’s 33rd largest. Its residents currently have a credit card debt of $4629 per borrower. This compares very favorably with the US average credit card debt of $5235 per borrower. The state’s median household income is $49,520, which is slightly lower than that of the US median household income of $51,017.

Homeownership in Pennsylvania is 72.2%, which puts it well ahead of the US homeownership rate of 66.9%. However, this is down slightly from its homeownership rate that was 74.7% in 2000.

The largest city in Pennsylvania is Philadelphia, which has a population of 1,526,006. Pittsburgh is second with its population of 305,704. The state’s third-largest city is Allentown that has a population of 118,032.

Pennsylvania ranks 31st in unemployment with its rate of 6.9%. The state’s largest city, Philadelphia, has a unemployment rate of 11%, while Pittsburgh’s unemployment rate is 7.8% and Allentown’s is 10.3%.

The better news for Pennsylvanians is that the state’s average credit score is 720. This puts it in the range of “very good to excellent” and compares favorably with the U.S. average VantageScore® credit score of 736.

Credit Card Debt Help & Debt Relief in Pennsylvania

Pennsylvania Debt Relief Laws

We provide debt negotiation and debt management services in the state of Pennsylvania. Our debt consultants are always ready to speak with you and give you a free consultation – you can call now:

(888) 703-4948

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

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

Pennsylvania 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).

  • 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).

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

Pennsylvania Wage Protection: 100% protection.

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

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