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Franklin Debt Relief, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.
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Credit Card Debt Consolidation Help in Missouri Call Today: (877) 274-1260 |
Start here for debt help! |
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Missouri Debt Relief Debt settlement, also known as debt negotiation and debt reduction, is the process by which we negotiate and settle a debt for a reduced amount on behalf of a client. In most circumstances, Franklin Debt Relief drastically reduces the monthly payment of our Missouri clients, and we settle their debts for between 40 and 50% of what is owed. The savings from our debt settlement program are tremendous, and it is the cheapest and fastest debt relief, debt consolidation or debt help option available to consumers throughout Missouri.If you're overwhelmed with credit cards, medical bills, balances from a repossession, or accounts in collections, call for a free consultation: (877) 274-1260. Pertinent Missouri Debt Relief and Debt Help Laws (This is intended to be a helpful and informational debt resource for Missouri consumers and does not constitute legal advice. For legal advice about your situation, contact a licensed professional in Missouri.)Debt Collection Missouri 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). For more information on the FDCPA follow this link: debt collection. Maximum Interest Rate a Collection Agency Can Charge in Missouri: 9% Wage Protection: 90% of weekly earnings for head of household; 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 Missouri, the applicable statutes of limitations would be California's.) Oral Agreements: 5 years Written Contracts: 10 years Promissory Notes: 10 years Open Accounts (credit cards): 5 years Bankruptcy Courts Thomas F. Eagleton US Courthouse 111 S. 10th Street, 4th Floor St. Louis, MO 63102 Central Division at Jefferson City United States Courts United States Courthouse 131 W. High Street Jefferson City, Missouri 65101 Western Division at Kansas City Charles Evans Whittaker Courthouse 400 E. 9th Street Kansas City, Missouri 64106 Southern Division at Springfield United States Courts United States Courthouse 222 N. John Q. Hammons Parkway Springfield, Missouri 65806 Bankruptcy Exemptions Bankruptcy exemptions are protected assets that the bankruptcy code mandates that a debtor is entitled to keep in order to adequately get a "fresh start" after filing. Bankruptcy exemptions vary from state to state, and the following list is the property that is protected in the bankruptcy code of Missouri. For more information, follow this link: bankruptcy exemptions. Also, Missouri is a tenancy by the entirety state. Click here to learn about what this means if you have debt that's in only one spouse's name. Real Estate, Auto, Personal Property -Real property to $15,000 or mobile home to $5,000 -Motor vehicles to $3000 -$1250 of any property if head of family ($350 per each dependent child) -$600 of any property if single -Appliances, household goods, furnishings, clothing, books, crops, animals, and musical instruments to $3000 -Burial grounds to 1 acre or $100 -Health aids -Personal injury causes of action -Wedding ring to $1500 and other jewelry to $500 -Wrongful death recoveries for person you depended on Insurance -Assessment plan or life insurance proceeds -Disability or illness benefits -Fraternal benefit society benefits to $5000 (must be bought over 6 months before filing) -Life insurance dividends, loan value, or interest to $150,000 (must be bought over 6 months before filing) -Life insurance proceeds if policy owned by a woman and insures her husband or owned by an unmarried woman and insures her father or brother -Stipulated insurance premiums -Unmatured life insurance policy Public Benefits -Crime victims' compensation -Public assistance -Social Security -Unemployment compensation -Veterans' benefits -Workers' compensation Pensions -Employee benefit spendthrift trust -Employees of cities with 100,000 or more people -ERISA-qualified benefits -IRAs, Roth IRAs and other retirement accounts needed for support -Firefighters, police department employees -State employees -Teachers Tools o Trade -Implements, books, and tools of trade to $3000 Other -Alimony, child support to $750 per month -Property of business partnership |
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