Do you feel as though the weight of your debt is affecting your life? Are you seeking relief, specifically debt relief? Do you call the Cornhusker State home? Our Nebraska Debt Relief program is the ideal option for you if the answers to these questions are yes.
Have you ever had trouble finding the correct assistance when you needed it most?
Well, you might be a perfect fit for our Nebraska Debt Relief program.
Debt firms and experts try their best to take advantage of individuals who need assistance while they are in such a delicate and vulnerable situation.
CuraDebt is thankfully your savior and a road map to real success for you.
CuraDebt is the most dependable debt consolidation company, with over 20 years of expertise. We are a one-stop shop for your debt problems thanks to our outstanding knowledge and legally licensed agents.
We emerged in 1998, and we started expanding nationally in 2000. Our goal has always been to help people get beyond their debt issues and challenges. Since we have been in business for more than 20 years, we have saved our clients millions of dollars while, more significantly, preserving their financial independence.
Get fantastic advice, a tailored debt reduction strategy, a wealth of debt relief, and predicted savings here.
Table of contents
- Nebraska Debt Relief | Control With Your Finances With The Help of CuraDebt
- Table of contents
- Debt Statistics of Nebraska
- Laws That Protect Nebraska Residents From Debt Collectors
- What Are The Most Effective Debt Relief Options For You In Nebraska
- Debt Settlement Programs and How Do They Work?
- Types of Debt Included in Nebraska Debt Settlement Program
- Debts Not Included In Debt Settlement Program
- Debt Included In Tax Debt Relief In Nebraska
- Business Debt Relief Program in Nebraska | Types Of Debt Included
- Top Cities in Nebraska Where You Can Find Debt Settlement
- What Are The Different Options You Have For Debt Relief In Nebraska
- 1. Make Regular Minimum Payments
- 2. Balance Transfer of Payments
- 3. Nebraska Credit Counseling / Debt Management Programs (DMP)
- 4. Unsecured Debt Consolidation Loans in Nebraska
- 5. Secured Debt Consolidation Loans in Nebraska
- 6. Nebraska Credit Counseling
- 7. Filing for bankruptcy in Nebraska
- 8. Merchant Cash Advance (MCA)
- Debt Relief Nebraska FAQs
- How long can a lender go after you to collect debt in Nebraska
- Do you qualify for debt settlement in Nebraska
- How Much Will It Cost?
- What Makes CuraDebt One of the Best Debt Settlement Companies in Nebraska
- Get your free savings estimate at CuraDebt or give us a call at 1-877-850-3328.
- Look at different options for debt relief at CuraDebt that can maximize your savings.
- Too busy to speak with a counselor? We understand! Check out our online analyzer here.
Debt Statistics of Nebraska
- The average federal and private student loan balance for Nebraska residents is $28,684.
- The average credit card debt for Nebraskans is $4,819.
Undoubtedly, dealing with debt can lead to two conditions: financial misery and worry, both of which can significantly affect your daily life. Debt fatigue is particularly unpleasant since it may completely affect your life.
If you are struggling to handle this overwhelming challenge, consider debt consolidation to manage and take control of the situation again. CuraDebt can make your Debt Consolidation journey a lot smoother and easier.
Laws That Protect Nebraska Residents from Debt Collectors
Warning Symbols of Unsuitable Debt Collection Techniques:
- Harassment: Debt collectors are prohibited from threatening physical harm, using profane language, publishing a list of debtors (although they are permitted to report to credit bureaus), or calling someone frequently just to annoy them.
- False Statements: Debt collectors are not permitted to make false statements when attempting to collect a debt. Be aware of debt collectors who make false claims that they are government officials or attorneys, who assert that you have committed a crime, or who inflate the size of your obligation. Debt collectors are not allowed to phone you without first identifying themselves.
- Threatening legal action improperly: Debt collectors are not allowed to say they are going to sue you if they do not plan to. Additionally, debt collectors are prohibited from threatening to take your money or property unless they have the necessary legal standing to do so.
- Debt collectors are prohibited from sending you paperwork that is from a court or government agency, doing business under a false name, or providing inaccurate credit information on you to anyone.
- Using Unfair Practices: Debt collectors are prohibited from seeking to collect interest, fees, or other costs on top of the principal amount of the obligation you owe unless the state law or the agreement that established the debt specifically permits them to do so. Additionally, debt collectors are not permitted to send you a postcard or deposit a postdated check early.
When dealing with a debt collector, keep the Fair Debt Collection Practices Act in mind (FDCPA)
The FDCPA permits debt collectors to lawfully attempt to collect debts both nationally and in Nebraska. The FDCPA applies to individuals or businesses that routinely attempt to collect debts as well as those who buy debts and perform this activity. It is important to remember that the FDCPA exclusively deals with the collection of personal, family, and home debts and does not apply to debts committed while conducting business. Among the debts protected under the FDCPA include mortgages, auto loans, medical bills, and personal credit card debts.
Debt collectors in Nebraska are required to register with the Secretary of State prior to beginning operations as collection agencies.
How a Debt Collector Can Contact You: When, Where, and How?
- The law allows a debt collector to contact you at any time of day and in a variety of ways. To collect a debt, a debt collector may contact you via phone, letter, email, or text message if they abide by the regulations and let you know who they are.
- Unless you consent to contact during certain hours, a debt collector may not contact you during unfavorable times or locations, such as before 8 a.m. or after 9 p.m. If debt collectors are informed verbally or in writing that you do not wish to be called at work, they are not permitted to contact you there.
- A debt collector must also give you a written “validation notice” within five days after contacting you for the first time. The validation notification must include information about the debt’s amount, the creditor to whom it is owed, and your options if you disagree with the debt’s validity.
- Keeping a record of every conversation you have with a debt collector is always a smart idea. Keep copies of any correspondence or papers you submit to or receive from debt collectors. Keep a written record of the dates, times, and subjects of every discussion you have with the debt collector.
How to Stop a Debt Collector from Calling You?
- Tell the debt collector in writing to stop contacting you if you decide you do not want them to contact you again. The best course of action is to draft a letter to the collector, make a copy for your records, and mail the letter certified mail with a return receipt request. The only occasions a debt collector may contact you after receiving your “no contact” letter is to advise you that there will be no more contact or to inform you that the collector or creditor intends to pursue a specific action, such as filing a lawsuit.
- The debt is not erased by sending a “no contact” letter to a debt collector, but it should cease the bothersome contact. Keep in mind that the creditor or debt collector may still file a lawsuit against you to recoup the debt.
What Are the Most Effective Debt Relief Options for You in Nebraska?
Debt Settlement Programs and How Do They Work?
Debt settlement (also known as a debt settlement program, debt negotiation, arbitration, or debt forgiveness) is the process of negotiating with your creditors to pay less than the full amount owed on your debts. These programs can reduce or eliminate late fees, collection costs, and interest charges while saving you money on interest and fees paid over the life of the debt but it can affect your credit score. Debt settlement works by you placing an agreed to amount into a special purpose account monthly. If you have a lump sum amount to get started or have access to a lump sum, it will accelerate the speed of the program.
At CuraDebt, our program is designed to help you save as much money as possible, as quickly as possible, based on your unique financial situation. We will use our expertise, contacts, and proprietary methods to get you the lowest legal amount possible. After getting your settlement letter with all the negotiated terms, you could be debt-free in a matter of years.
Benefits Of Debt Settlement
If done right, debt settlement comes with a ton of benefits for your financial and even overall health. The benefits are:
- You pay the lowest legal amount possible as compared to a high initial amount.
- The goal is to get you debt free in 3 to 4 years rather than 15 to 20 years.
- With debt settlement, when your debts are resolved, you will be left behind with extra cash every single month. This indicates your ability to make payments in case of a new loan or borrowing. If you continue to deposit money into your account, even after you are debt-free, your creditworthiness will increase.
Factors Affecting Debt Settlement
The ultimate saving after debt settlement depends on various factors including
- Total experience in the debt settlement organization
- The age of the debt
- Your financial situation
- Your previous payment history
Types of Debt Included in Nebraska Debt Settlement Program
- Credit cards
- Car repossession (repo)
- Credit unions
- Department store cards
- Old accounts in the collection
- Personal loans
- Personal lines of credit
- Student loans (Private)
- Signature loans
- Medical bills
- Any type of unsecured debt
Debts Not Included in Debt Settlement Program
- Car loans
- Credit Union debts
- Public student loans
- Home mortgages
- Some other secured debts
- Some Medical / Hospital bills
Debt Included in Tax Debt Relief in Nebraska
CuraDebt will point you in the right direction with your tax debts. CuraDebt can help 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 Nebraska | Types of Debt Included
CuraDebt understands how important your business is to you. CuraDebt will help your business with these types of debt.
- Business Debt
- Lines of Credits
- Merchant Cash Advance
- Other types of loans, which are not secured by the property
Top Cities in Nebraska Where You Can Find Debt Settlement
- Omaha Debt Settlement
- Lincoln Debt Settlement
- Bellevue Debt Settlement
- Grand Island Debt Settlement
- Kearney Debt Settlement
- Fremont Debt Settlement
- Hastings Debt Settlement
- Norfolk Debt Settlement
- North Platte Debt Settlement
- Columbus Debt Settlement
In addition to the above-mentioned cities, we serve all cities and residents in Nebraska.
What Are the Different Options You Have for Debt Relief in Nebraska?
Before filing for bankruptcy, investigate the other relief options that are available to you. 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 years before you are on your way to becoming debt free, which is not an ideal situation.
In short, having this option seems like an excellent 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 go up, so you will end up back in the same mess as before. Also, keep in mind one hardship and one overdue payment will be enough to make rates worse than before.
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, again, this will not help your situation. In short, balance transfers may not be a great option.
- Nebraska 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 run 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.
- Unsecured Debt Consolidation Loans in Nebraska
Some 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 very hard and confusing. You will be paying at least one bill every week to meet the multiple debt payments you owe.
So, is paying multiple debts ideal for you? Definitely 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 be easier for you to pay just one bill monthly 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 taking out 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 apply for one loan to consolidate all other loans. You will have to make one single payment every month.
You typically receive a lower initial interest rate. Plus, having only a single bill to pay will ease your nerves. Yet, debt consolidation may come with some 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 Nebraska
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 due to 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 by professionals like CuraDebt, you will have some room to breathe. With the lowest interest rates and high savings, CuraDebt will come to your rescue.
- Nebraska Credit Counseling
Credit counseling can be a very 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 options, such as payment plans or hardship exemptions from late fees or other costs.
- Filing for bankruptcy in Nebraska
In Nebraska, 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.
- 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 will be allowed to 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 more difficult for you to repay your debt if this business is how you generate your money exclusively.
Debt destroys 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 Nebraska FAQs
How long can a lender go after you to collect debt in Nebraska?
Several types of debt have varying statutes of limitations. Here are the differences:
- Written debts: 5 years for the statute of limitation.
- Oral debt has 4 years for the statute of limitation.
- Real Estate debt: 10 years for the statute of limitation.
Do you qualify for debt settlement in Nebraska?
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?
Contact a CuraDebt counselor to find out if you are eligible. We will assess your cash flows to see whether you are eligible for this program. A free estimate of your savings from the debt relief program will be sent to you by us.
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 Nebraska, there are various debt relief options, each with its own requirements.
These 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 gives you 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 Nebraska:
- We have helped settle millions of dollars of debt
- We have helped thousands of people since 1998 and expanded nationwide in just 2 years.
- 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.
- Getting 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 that 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!