If you are struggling with debt, you are not alone. Millions of Americans are finding it difficult to make ends meet and pay off their debts. But there is help available.
CuraDebt can help you get out of debt and back on your feet. We can collaborate with you to develop a plan that fits your budget and your needs.
We have a team of experienced professionals who are familiar with the Missouri debt relief process and can help you find the best solution for your situation.
We know what it feels like to have unmanageable amounts of debt and not know where to turn. That is why we offer the best resources and advice to help people regain control of their finances.
CuraDebt’s founder, Eric Pemper, has over 15 years of experience in the industry. With his extensive education and industry knowledge, he created CuraDebt to help individuals and families get through their debt problems. Our nationwide expansion began in 2000, to finally provide millions of Americans with relief from credit card debt and other sources of financial stress.
If you are considering a solution to your debt, call us at 1-877-850-3328. We are happy to answer any of your questions and provide more information about the available solutions.
Table of contents
- Missouri Debt Statistics
- Missouri Consumer Protection Laws
- Options For You in Missouri Debt Concerns
- Debt Which Is Included in Missouri Debt Settlement Program
- Debt Which Is Not Included in Debt Settlement Program
- Debt That Is Included in Tax Debt Relief in Missouri
- Business Debt Relief Program in Missouri
- Top Cities in Missouri Where You Can Find Debt Settlement
- What Are the Different Options You Have for Debt Relief in Missouri?
- Debt Relief Missouri FAQs
- What Makes CuraDebt One of the Best Debt Settlement Companies in Missouri
- Get your free savings estimate at CuraDebt or give us a call at 1-877-850-3328.
- Review the different options for debt relief at CuraDebt, to maximize your savings.
- Unable to speak with a counselor? Check out our free online analysis here.
Missouri Debt Statistics
Missouri is the 18th most populous state in the United States with a population of more than 6.1 million people. Residents in this Show-Me State enjoy four distinctive seasons and are known for their love of barbeque. The cost of living here is lower than the national average, making it difficult for residents to get ahead financially even with a low cost of living.
In 2022, the average credit card debt is $4,950. That number may continue to rise in years to come as a result of high-energy costs and unstable global climates. However, the concern with increasing credit card use is that it will lead to more economic crises like inflation or recession.
Forget your debt issues, make your whole Debt Relief journey a lot smoother, and take control of your financial situation.
Missouri Consumer Protection Laws
Missouri citizens are safeguarded from unfair debt collection practices and harassment by lenders. The Fair Debt Collection Practices Act (FDCPA) was created by the federal government as the primary consumer protection law. It shields individuals from unethical debt-collection practices including when debt collectors can contact you and how many times a day they can contact you, The FDCPA is conscious of consumer safety and protects individuals from being harassed and deceived. It ensures that no consumer is getting ripped off their basic rights by debt collection companies.
The FDCPA is relevant to debt collectors who are pursuing claims on behalf of creditors. It does not apply to creditors who are seeking debt collection.
If you are tired of disturbing phone calls, speak with a counselor at CuraDebt. CuraDebt ensures you get your rights and will be your advocate and guide to help you defend against illegal debt collection tactics.
Options For You in Missouri Debt Concerns
What Is Debt Settlement and How Does It Work?
Debt settlement, also known as debt negotiation, is a way to negotiate with your creditors to pay less than the full amount that you owe in debt. With a Debt Settlement Program, you can reduce late charges, interest rates, and other costs.
If you are unable to pay the full amount due to any issue, the professional expertise of CuraDebt can help to reduce some burden.
CuraDebt will use its decades of background and expertise to help you get the best possible debt terms. As soon as you get a personalized settlement letter, you can be assured that you are on your way of becoming debt-free in just a matter of a few years.
Benefits Of Debt Settlement
Some of the benefits of debt settlement are:
- Bankruptcy alternative
- Relief from devastating debts
- Pay off your debt in a timely manner
Factors Affecting Debt Settlement
After debt settlement, the total savings depend on a variety of circumstances, including
- Total experience in the debt settlement organization
- The age of the debt
- Your financial situation
- Your previous payment history
Debt Which Is Included in Missouri Debt Settlement Program
- Credit cards
- Car repossession (repo)
- Credit unions
- Department store cards
- Old accounts in the collection
- Personal loans
- Personal lines of credit
- Private student loans
- Signature loans
- Medical bills
- Any type of unsecured debt
Debt Which Is Not Included in Debt Settlement Program
- Car loans
- Credit Union debts
- Federal student loans
- Home mortgages
- Some other secured debts
- Some Medical / Hospital bills
Debt That Is Included in Tax Debt Relief in Missouri
CuraDebt will help you by directing you on the right path if you are dealing with tax debt. CuraDebt can assist you with these types of tax payments:
- State Taxes
- Federal Taxes
- Payable Taxes
- Taxes from the spouse you feel you don’t owe
- Audit Tax Assessment
- Other Types of Tax Debts
Business Debt Relief Program in Missouri
CuraDebt is completely aware of the value of your business. CuraDebt will help your business with these types of debt:
- Business Debt
- Lines of Credits
- Merchant Cash Advance
- Other types of loans, which are unsecured
Top Cities in Missouri Where You Can Find Debt Settlement
- Kansas City Debt Settlement
- St. Louis Debt Settlement
- Springfield Debt Settlement
- Columbia Debt Settlement
- Independence Debt Settlement
- Lee’s Summit Debt Settlement
- O’Fallon Debt Settlement
- St. Joseph Debt Settlement
- St. Charles Debt Settlement
- St. Peters Debt Settlement
In addition to the above-mentioned cities, we serve all cities and towns in Missouri.
What Are the Different Options You Have for Debt Relief in Missouri?
Before filing for bankruptcy, investigate some of the other relief options that are available to you. Some options include:
- Make Regular Minimum Payments
This is the simplest, and cheapest (in the short-term) option, but comes with obvious long-term consequences.
The most frequent problems with making minimum payments are:
- Your debt will start to grow exponentially.
- Your credit score will decline.
Very quickly, your few months of minimum payments have ballooned. Additionally, it will take you many years before you are debt free which is not an ideal situation.
In short, having this option seems like a good choice but it will make your life much more difficult. If there is one recommendation we have, it is to avoid monthly minimums as often as you can.
- Balance Transfer of Payments
This is simple on paper. Transfer a balance from one credit card to another credit card.
However, with time your interest rate on your new credit card will increase, so you will end up back in the same cycle as before. Keep in mind one hardship and one late payment will increase your interest further.
Finally, transferring a balance to a new credit card can potentially be seen as fraud by the credit card company if you are not consistent with payments. Over time, credit card investigators will review your account, and again, this won’t help your situation. In short, balance transfers may not be a great option.
- Missouri Credit Counseling / Debt Management Programs (DMP)
Credit counseling offers DMPs for people who are struggling with high-interest unsecured loans, like credit cards, where you do not have to take out a bank loan. These agencies are managed by non-profit organizations.
With a DMP, you will be able to lower your monthly payments and interest rates. The creditor reduces your interest rate in exchange for a monthly payment. When paying through DMPs, your debts will be consolidated into one payment which will simplify your financial obligations. DMPs are not for everybody, so make sure you do your research and understand what they offer and what their cons may be.
- Unsecured Debt Consolidation Loans in Missouri
Examples of unsecured loans are credit cards, personal loans, and student loans. They are loans that are not backed by collateral. For example, if you default on a loan payment, there is nothing that they can physically take from you.
Juggling multiple unsecured loans and having to remember to pay each one can make it extremely hard and confusing. You will be paying at least one bill every week to meet the multiple debt payments you owe.
Is paying multiple debts ideal for you? Of course not. Thankfully, there is a way that enables you to pay only one single payment every month.
Now think about this option as a form of debt relief.
Would it not be easier for you to pay one monthly premium with a lower interest rate?
This is known as Debt Consolidation, and it might be exactly what you are looking for. Debt consolidation is the process of applying for one loan to pay off several separate loans.
It is like the hero who saves the day. You will not have to set reminders for every debt payment or make time out of your busy schedule.
You can obtain one loan to consolidate all other loans and have one single monthly payment.
You typically receive a lower initial interest rate. Plus, having a single bill to pay will ease your nerves. Yet, debt consolidation may come with disadvantages, so it is crucial that before taking this step, you understand everything that comes with it.
At CuraDebt, we will make sure this step is right for you before you commit to it.
- Secured Debt Consolidation Loans in Missouri
Secured loans are loans that are provided and backed by collateral. Such examples of this would be a mortgage loan or an auto loan. If you default on these loan payments, the lender can use that asset as payment. The lender has the legal right to seize your property if you are not able to repay the loan because of unforeseen reasons.
One of the benefits of getting a secured loan is they are easier to obtain.
The lender sees it as less risk for them because if the borrower defaults, they do not need to worry about never seeing their money again. Additionally, the interest rates with this type of loan can be lower.
On the other hand, it can be highly risky for the borrower because if you do this, you risk the chance of losing your home or car.
However, if this is managed with professional help like CuraDebt, you can get some room to breathe. With the lowest interest rates and high savings, CuraDebt will come to your rescue.
- Missouri Credit Counseling
Credit counseling can be a valuable tool when trying to manage your finances and debt. With countless years of experience and expertise, credit counselors can help you to manage your debt.
This approach is intended to assist borrowers who are struggling to manage their debt. People who want to consolidate their debts or raise their credit scores might also benefit from it.
There is not a single moment of doubt that it used to be a good option. However, over time, fees and interest rates rise tremendously.
Counselors answer your inquiries and provide information on various debt repayment choices, such as payment plans or hardship exemptions from late fees or other costs.
- Filing for bankruptcy in Missouri
In Missouri, filing for bankruptcy is the last remaining choice. Chapter 7 bankruptcy will apply if your income is lower than the median income in your state.
Chapter 13 bankruptcy may be an option if your salary is higher than the state median income, but you are still unable to repay the debt.
Your business will be subject to Chapter 11 bankruptcy if it is insolvent and unable to pay its debts.
Bankruptcy is the last possible and least preferable solution. Before taking any decision to declare bankruptcy, you should discuss it with a professional – whom you understand the ramifications that may stay with you for decades.
- Merchant Cash Advance (MCA)
A Merchant Cash Advance loan is a loan for operating firms that require additional funds to manage different business operations.
Business receivables are a guarantee for MCA loans. If your company is unable to repay a loan, the lender can collect receivables in your name.
Your business is a result of your hard work. While leverage can be used to relieve yourself of debt, it seems like a good idea. However, you seriously risk yourself, any employees, and your clients if this goes wrong.
Even worse, any risk to your revenue will make it challenging for you to repay your debt if this business is how you generate your money exclusively.
Debt ruins both people and families. You will begin to observe changes with expert assistance and direction. For your debt relief, a reputable company like CuraDebt is necessary. Learn more about it here.
Debt Relief Missouri FAQs
How long can a lender go after you to collect debt in Missouri?
Missouri’s statute of limitations on debt varies from 5 to 10 years depending on the type of debt. The debt becomes time-barred after that point, which indicates that creditors can no longer sue you.
- Medical debt: 10 years
- Credit card: 5 years
- Auto loan: 4 years
- State tax debt: 5 years
Do you qualify for debt settlement in Missouri?
This program is specifically designed for people who are experiencing problems like income loss or unforeseen bills.
Do you frequently make only the minimum payments because of debt problems? Are you still battling debt that has outgrown your expectations?
Get in touch with a CuraDebt counselor to find out if you are eligible. We will assess your cashflows to see whether you are eligible for this program. A free estimate of your savings from the debt relief program will be shared with you.
CuraDebt will work for you and significantly reduce the cost of your debt settlement. You can pay off your debt faster with CuraDebt.
How Much Will It Cost?
In Missouri, there are numerous debt relief options, each with its requirements.
Some programs offer immediate assistance, while others ask you to wait until the start of their payment plan before receiving any funds in exchange for paying off your debts more quickly than usual.
With unmatched service, CuraDebt provides you with the best competitive rates. Most importantly, CuraDebt’s Debt Relief Program does not require an upfront fee.
What Makes CuraDebt One of the Best Debt Settlement Companies in Missouri
- We have helped settle millions of dollars of debt
- We have helped thousands of people since 1998 and we have a national footprint
- CuraDebt is one of the oldest and most experienced companies in the U.S.
- We are IAPDA and BSI certified.
- We provide a free saving estimate and devise a plan specifically modeled toward your needs.
- No hidden charges. Honesty and integrity are what we stand for.
- Our success rate is high because client satisfaction and happiness are the main mission at CuraDebt.
- Over 1000+ reviews and a 5-star rating on Customer Lobby
- With a 4.9-star average on Shopper approved, we are the most trusted company by people across the USA.
- 140+ Google reviews with an average of 4.9-star ratings
- CuraDebt is a Good Standing Member of the Online Business Bureau, American Fair Credit Council, US Chamber of Commerce, and AFCC.
- Finding our clients, the best possible settlement with creditors is something we know how to do.
- We help settle debts quickly. We are incredibly efficient and cost-effective as well. Our top-notch customer service ensures to address any queries or concerns our clients may have.
With CuraDebt, you are in the right hands. With perfect ratings and zero complaints, we are confident we are the best in our industry. We are more resourceful than any competitor in the market and help you at every step along the way.
Get rid of your high-interest-rate debt and create a debt-free future with us.
Call 877-850-3328 for a free consultation now!