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Wyoming

Wyoming is not only the country’s last state in alphabetical order, it is also our least populous with just 563,626 residents. This gives the entire state just one representative to the U.S. House of Representatives. The state’s land area totals 97,813 square miles. This makes it our 10th largest state. As you might guess from its land area and population, this makes Wyoming’s population density on the low side with just 2.25 people per square mile – ranking it 49th and ahead of only Alaska.

The good news for Wyomingites is that the state’s unemployment rate is just 4.4%. The state’s residents have an average credit card debt of $4789, which is better than the US average credit card debt of $5235 per borrower. However, Wyoming’s median household income is $47,660 or somewhat lower than America’s median household income of $51,017 and its average score is 695 – ranking it 21st in the U.S. or a bit better than the US average credit score of 687.

The rate of homeownership in Wyoming is 73.4%, which is much better than the national average of 65%.

Office and Administrative Support Occupations is the largest segment of Wyoming’s labor force with 36,790 workers. Not surprising – given the state’s oil and natural gas boom – Construction and Extraction Occupations comes in second with 33,770 workers. And its third largest labor segment is Food Preparation and Serving Related Occupations with 24,710 employees.

Wyoming’s largest city is Cheyenne. It has a population of 59,466. The state’s second largest city is Casper with a population of 55,316. Laramie is Wyoming’s third largest city with a population of 30,860. Cheyenne’s unemployment rate currently stands at 4.2%. Casper is better at 3.6% and Laramie is even better with an unemployment rate of just 3.5%.

Famous Wyomingites include former Senator Alan K. Simpson; writers Ted Olson, Craig Johnson and C.J. Box; painter Jackson Pollock; and sportscaster Curt Gowdy. America’s first official National Part was Yellowstone, most of which lies within Wyoming’s boundaries. America’s first National Monument is Devils Tower, which you might remember if you’ve ever seen the movie “Close Encounters of the Third Kind.” The JC Penney stores began in Kemmerer, Wyoming and the state also plays home to the largest coalmine in the USA.

Debt Relief Services & Debt Help in Wyoming

Wyoming Credit Card Debt Relief Laws

Looking for debt relief in Wyoming? 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 Wyoming is with debt settlement. One service we provide is debt negotiation. Debt negotiation is a great program for reducing 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 just too racked up in 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 Wyoming consumers and does not constitute legal advice.)

Wyoming 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).
  • Both original creditor and debt collector cannot communicate with debtor’s employer before a judgment is obtained unless debtor consents.
  • Violations are punishable up to $1000, and debtor is entitled to reasonable attorney fees and an amount equal to the sum of the damages he or she sustained

Maximum Interest Rate a Collection Agency Can Charge in Wyoming: 7%

Wyoming 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 Florida but currently live in Wyoming, the applicable statutes of limitations would be Florida’s).

Oral Agreements: 8 years
Written Contracts: 10 years
Promissory Notes: 10 years
Open Accounts (credit cards): 8 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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