Debt Relief Programs in Missouri
Debt is a serious problem that affects millions of Americans. If you live in Missouri and struggle with debt, don’t try to go about it on your own. Century provides trusted and proven debt relief services for Missouri residents. If you are looking for a way to pay off your debt, we’re here to help.
What is Missouri Debt Relief?
There are different types of debt relief programs available, with debt settlement being one of them. To put it simply, Missouri debt settlement provides the benefits of expert negotiators to work on your behalf with your creditors.
Through our negotiation strategies, you will pay less than you owe on your unsecured debts. Additionally, our debt settlement program provides a faster way to resolve your debt than other available options.
What is an Unsecured Debt?
An unsecured debt is an obligation or debt that does not have specific property (such as a house or car) serving as collateral for payment of the debt. Common examples of unsecured debt include:
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We are experienced in helping our client’s get on a path toward better financial health. Check out our easy, three step program below.
Benefits of Missouri Debt Relief
There are various benefits to using a debt settlement company that does business in Missouri. A few of the main ones include being able to eliminate debt in less time and being able to pay less than what is owed. Also, Missouri debt relief programs can help prevent you from having to file for bankruptcy.
Will a Debt Relief Program Hurt My Credit Score?
With debt settlement programs, you will likely be asked to stop making payments to your creditors, while the debt relief company you’re working with guides you to save enough money to begin negotiating your settlements. Missing payments and past due accounts can hurt your credit score.
Frequently Asked Questions about Debt in Missouri
There are two types of debt that you can legally be arrested for not paying: taxes and child support. While it’s not common to go to jail for debts such as credit card debt, student loans, payday loans, utility bills and medical bills, some debt collectors use the court system to put debtors in jail if they don't pay their debts.
To be on the safe side: if you receive a notice or order from the court, take it seriously and do not ignore it.
In Missouri, a judgment is considered “active” (collectible) for ten years.
If a creditor is successful in suing you and secures a judgment against you for not paying a debt, Missouri generally follows federal limits on wage garnishments. However, if your tax status is Head of Household, Missouri law protects more of your income.
Under these limits, for any workweek, a creditor can garnish the lesser of 25% of your disposable earnings (10% of your disposable earnings if your tax status is Head of Household), OR the amount by which your weekly disposable earnings (wages left after your employer has made deductions required by law) exceed 30 times the federal hourly minimum wage.
- 75% of your disposable earnings (90% if your tax status is Head of Household)
- Personal belongings up to $3,000 in value
- Vehicles up to $3,000 in value
- Up to $15,000 of the value of a home ($5,000 for a mobile home)
Is Missouri Debt Settlement Right for Me?
Choosing the right debt relief program depends on the amount and type of debt owed, among other factors. Missouri debt settlement may be the best option for getting out of debt if you:
Have a significant amount of credit card debt
Can’t afford your monthly credit card payments
Have medical bills you can’t afford to pay
Have payday loans
Debt related to utility bills, cell phone bills, apartment leases, personal loans and private student loans may also be eligible for settlement. Note that debt on federal student loans is typically very difficult to reach a settlement on.
Debt and Financial Resources for Missouri Residents
Century Can Help Missouri Residents Get Out of Debt
You aren’t alone in finding a solution to resolving your debt. Our debt settlement program is designed to get you on the path toward better financial health and enjoying your life again. Financial independence isn’t an out-of-reach dream…it can be yours with a little help from Century.
If you live in Missouri and need help with credit card or other types of unsecured debt, contact us for your free assessment.