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Utah

The citizens of Utah seem to be reasonably careful about how they use their credit cards as evidenced by the fact that they have average credit card debt of $4559 versus the US average of $5235 per borrower.

Utah’s state symbol is the beehive. The reason for this is because it symbolizes industry and thrift. Its largest lake is, of course, the Great Salt Lake. It covers 2,100 square miles, at an average depth of 13 feet.

America’s first transcontinental railway was created at Promontory, Utah where on May 10, 1869 the Central Pacific and Union Pacific railroads met. This is celebrated today as the Golden Spike National Historic Site.

Utah’s snow is unusually dry. This has earned it the reputation of having the world’s greatest powder snow. In fact, there are 14 Alpine skiing resorts that operate in the state.

Utahans have an average credit score of 694, which is somewhat higher than the US average FICO score of 689. Its unemployment rate is 4.10% or nearly three points lower than the US average of 7.3%. The state’s median household income is $58,341 or more than $700 above the US median household income of $51,017.
Home ownership in the Beehive state is 72.5%. This compares very favorably with the US average homeownership rate of just 65%.

Utah has a population of 2,763,885. This makes it our 16th least populous state. However it is 13th in size at 84,898 square miles. This translates into a population density of just 34.30 people per square mile making it America’s 9th least populous state.

The state’s total labor force is 1,200,850. Of this, 217,100 people are employed in Office and Administrative Support Occupations. The state’s second-largest labor segment is Sales and Related Occupations with 131,400 employees. And Food Preparation and Serving Related Occupations comes in third with 92,330 workers.

Utah’s largest city is Salt Lake City with a population of 186,440. The city of West Valley, which is a suburb of Salt Lake City, ranks second with a population of 129,480. Provo is the state’s third largest city and has a population of 112,488.

As noted above, unemployment in Utah is a low 4.10%. Salt Lake City’s unemployment rate is even better at 4.3%, while West Valley’s unemployment rate is 5.0%. Provo’s unemployment rate is 5.9%.

Debt Negotiation Programs in Utah

Utah Debt Reduction Services and Laws

We are pleased to inform the residents of Utah that our debt relief services are available in your state! There is help for those struggling with unsecured debts. Our debt consultants are always ready to speak with you and give you a free consultation – you can call now:

(888) 703-4948

We provide debt negotiation and debt management services in the state of Utah. 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 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 Utah consumers and does not constitute legal advice.)

Utah 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 cannot threaten to use violence or other criminal means to cause harm to the debtor. If the original creditor does this, it loses its rights to collect the debt through legal means against the debtor.

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

Utah Wage Protection: 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 Utah, the applicable statutes of limitations would be California’s).

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

apply now for 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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